Location: Richmond County, VA | Metro: Richmond County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The ZIP code 22548 is not a viable target for landlords focusing on Section 8 tenants. With a population of only 115, the number of potential renters is minimal given that the percentage of renters is listed as 0.0%, indicating a predominantly homeowner-dominated area. This scarcity of renters means that there is likely little demand for rental properties that accept Section 8 vouchers.
The median household income for this ZIP code is not available, which complicates the analysis of how much of local income would typically be spent on rent. However, without this data, it's challenging to make precise comparisons to the Fair Market Rent (FMR) set at $1,160 for FY 2026 in the metro area. The FMR serves as a benchmark for what is considered a reasonable rent amount, but with no specific local rent figures provided, we cannot determine the exact percentage of income that goes towards rent in 22548.
Landlords in ZIP code 22548 should expect to encounter tenants who are likely homeowners looking to rent out secondary properties or individuals who do not rely on housing vouchers. Given the low population and lack of rental activity, targeting a broader tenant pool beyond just Section 8 participants might be more beneficial for securing tenants. If landlords choose to participate in the Section 8 program, they must be prepared for limited demand and possibly fewer applications than expected.
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.