Location: Winchester, VA | Metro: Winchester, VA-WV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
To classify ZIP 22604 (Unknown, VA), we need to analyze the available data on yield and stability. The primary figure for yield comes from the Fair Market Rent (FMR) which is set at $1420 for the fiscal year 2024. However, there is no specific market rent or home value data provided for this ZIP code.
The lack of detailed market rent and home value figures makes it challenging to determine the exact yield potential compared to typical market conditions. Nevertheless, if we assume that the FMR of $1420 represents the rental price, this could be considered a decent yield depending on the cost of acquisition and maintenance expenses.
Moving on to stability, the data does not provide percentages of renters, days on market (DOM), or median income levels for ZIP 22604. Without these figures, it's difficult to assess the long-term stability of the area. Typically, higher percentages of renters and lower DOM suggest greater stability, but these specifics are not available here.
Given the limited data, we cannot definitively categorize ZIP 22604 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. The absence of comparative market and home value data means that while the rental income is known, the risk profile remains unclear. To make an informed decision, landlords and small-portfolio investors would need to research additional metrics such as local vacancy rates, rental demand trends, and property appreciation history.
In conclusion, based solely on the FMR of $1420, ZIP 22604 offers a reasonable yield. However, without further details on the percentage of renters, DOM, and income levels, it is impossible to accurately gauge stability. This suggests a market that requires thorough investigation before committing to investment, neither clearly indicating a flip-style strategy nor a straightforward steady-cashflow opportunity.
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.