Location: Lancaster County, VA | Metro: Lancaster County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
ZIP 22513 is located in an area of Unknown, Virginia. While specific demographic data such as population, percentage of renters, median income, and median home value are not directly available, we can analyze the investment potential through other means.
The Federal Market Rent (FMR) for ZIP 22513 is set at $1,050 for the fiscal year 2026. This figure is crucial for landlords and small-portfolio investors interested in Section 8 properties. It indicates the maximum amount that the government will subsidize for rental units in this ZIP code. However, without precise local market rent data, it's challenging to compare the FMR to the actual rents charged in the area.
Given the limited data, ZIP 22513 appears suitable for a hands-off voucher operator. The fixed nature of the Section 8 program ensures steady, government-backed income, which is particularly attractive in areas where detailed local economic data is lacking. For a hands-on value-add buyer, the absence of specific market rent and vacancy rates makes it difficult to assess opportunities for increasing property value through renovations or strategic management practices.
To make a more informed decision, further research into the local real estate market and tenant demand would be advisable. This could include reaching out to local real estate agents, examining property listings, and gathering feedback from current residents or property managers in the area.
Data Sources: FMR data from HUD (2027).
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.