Section 8 Fair Market Rent (FMR) for ZIP 22529 - 2027

Location: Westmoreland County, VA | Metro: Westmoreland County, VA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$920
2 Bedrooms	$1,200
3 Bedrooms	$1,590
4 Bedrooms	$1,790
5 Bedrooms	$2,076
6 Bedrooms	$2,325
7 Bedrooms	$2,511
8 Bedrooms	$2,637

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

200

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 22529, located in the heart of Fredericksburg, Virginia, offers a unique blend of historical charm and modern amenities, making it an attractive location for both residents and investors. However, the rental market dynamics in this area present a complex picture that requires careful consideration.

The Fair Market Rent (FMR) for ZIP 22529 is set at $1,150 for the fiscal year 2026, indicating the minimum acceptable rent for a two-bedroom apartment under the Section 8 program.
The market rent data for the area is currently unavailable, which suggests that there might be limited rental activity or a lack of comprehensive reporting on rental trends.
The median home value in ZIP 22529 is also not available, pointing to a possible inconsistency in the housing market data, which could affect investment decisions.
Rental share stands at a mere 0.0%, highlighting a predominantly owner-occupied residential landscape with minimal demand for rental properties.
The days on market (DOM) data is not available, which typically would help investors gauge the speed of property sales and the overall health of the real estate market.
The median household income data is not available, which is crucial for understanding the economic backdrop of potential tenants or buyers in the area.

In summary, while ZIP 22529 offers a historically rich environment, the absence of key market data points such as market rent, median home value, DOM, and median income makes it challenging to assess the full potential of the rental market here. The low rental share indicates a strong preference for homeownership among residents, suggesting that landlords and small-portfolio investors should carefully evaluate the risks and returns before entering this market. Relying on the Section 8 Fair Market Rent of $1,150 as a benchmark, investors must consider alternative sources of information to make informed decisions about rental investments in this ZIP code.

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.