Location: Northumberland County, VA | Metro: Northumberland County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 22511 in metro FY 2026 is set at $1,060. This figure represents the payment standard for Section 8 participants, meaning that if you choose to participate in the Section 8 program, your tenants will receive vouchers that cover up to $1,060 per month towards their rent. It's important to note that this is not the amount you can charge for rent; it's the maximum subsidy provided to the tenant.
In ZIP 22511, the local median rent is currently unavailable, which makes it difficult to directly compare the FMR against typical market rates. However, given that 17.9% of the population are renters, there is a notable demand for affordable housing options. This percentage indicates that nearly one in every five residents relies on rental housing, suggesting a steady pool of potential tenants who could benefit from Section 8 assistance.
If you're looking to acquire a property in this area, the average price for a single-family home is $405,261. This acquisition cost is a significant investment, but the stability of having a Section 8 tenant can provide reliable monthly income, helping to cover mortgage payments and maintenance costs.
Before proceeding with a Section 8 rental in ZIP 22511, verify that the property meets all the necessary inspection criteria. The Housing Quality Standards (HQS) ensure that your rental unit is safe and habitable, which is a requirement for participating in the program. Failure to meet these standards could result in disqualification, so it's crucial to address any issues beforehand.
In summary, the FMR of $1,060 is a benchmark for the subsidy amount, reflecting a substantial portion of the local renter's budget. With an acquisition cost of $405,261, you should expect a moderate return on investment, especially considering the demand for rental properties. Ensure your property passes HQS inspections to avoid any complications and to secure your participation in the program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.