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 |
The classification of ZIP code 22517 in Unknown, VA, hinges on the available data points for analysis. With a Fair Market Rent (FMR) of $1,050 for fiscal year 2026, this figure represents the expected rental price for the area under the Section 8 housing program. However, the lack of specific market rent and home value data introduces uncertainty into the yield assessment.
In terms of yield, if we assume that the FMR is reflective of the market rent, then properties in ZIP 22517 could offer a decent return on investment for landlords and small-portfolio investors. The $1,050 FMR suggests that rental income can be stable and predictable, especially when compared against the cost of maintaining and managing Section 8 properties. This assumption places the market in a moderate yield category, though without market rent data, precise yield calculations cannot be made.
Moving to stability, the absence of key metrics such as percentage of renters, days on market (DOM), and median household income complicates the analysis. These figures are crucial for understanding the financial health and predictability of the rental market. Without these data points, it's challenging to gauge the overall stability of the area. Typically, a higher percentage of renters and lower DOM indicate a stable market, while median income levels help assess the ability of residents to pay rent consistently.
Given the limited data, ZIP 22517 cannot be definitively classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The known FMR of $1,050 suggests a potential for reasonable cash flow, but the lack of market-specific data prevents a thorough evaluation of stability. Investors should proceed with caution and seek additional local market data before making investment decisions in this 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.