Location: Lancaster County, VA | Metro: Lancaster County, VA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $325,948 | 0.36% | F |
| 3BR | $1,600 | $562,035 | 0.28% | F |
| 4BR | $1,940 | $1,028,623 | 0.19% | F |
U.S. Census Bureau data (2024)
The market in ZIP 22578, White Stone, VA, presents a dynamic equilibrium between supply and demand. With a Fair Market Rent (FMR) of $1,160 for the fiscal year 2026, and a current market rent of $1,077 based on the Census American Community Survey, it's evident that rental prices are approaching but have yet to reach the FMR. This suggests a gradual increase in demand, as tenants seek affordable housing options within the range set by the FMR.
The low price-cut share of 0.2% indicates that landlords are generally maintaining their asking rents without significant concessions. This stability in pricing reflects a market where supply is closely aligned with demand, preventing drastic fluctuations in rental rates.
A median home value of $535,934 places White Stone, VA, within a moderate-to-high housing cost bracket. However, the lack of available data on days on market (DOM) makes it challenging to definitively state whether homes are selling quickly or slowly. The absence of DOM data could imply a stable market, neither overly saturated nor experiencing rapid turnover.
The 17.5% renter share points to a community predominantly composed of homeowners. This characteristic can suggest lower immediate pressure on rental properties but also implies long-term housing stability. As homeownership remains high, the rental market serves a niche but steady segment of the population, including those who prefer renting, cannot afford to buy, or are waiting for the right opportunity to purchase.
In summary, ZIP 22578 is a market where demand is gradually increasing towards the FMR, yet supply remains sufficient to maintain steady rental prices without significant discounts. The high median home value and moderate renter share indicate a stable, owner-occupied community with a consistent need for rental units, making it an attractive area for landlords and small-portfolio investors seeking reliable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.