Location: Winchester, VA | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
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 | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,090 | $238,850 | 0.46% | F |
| 2BR | $1,430 | $298,484 | 0.48% | F |
| 3BR | $1,890 | $409,087 | 0.46% | F |
| 4BR | $2,360 | $509,641 | 0.46% | F |
| 5BR | $2,738 | $611,523 | 0.45% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 22630, Front Royal, VA, in fiscal year 2024 is set at $1150. This figure represents the maximum amount that a landlord can receive through the Section 8 program for a unit in this area. It's important to note that this is not the rent you will charge your tenants; it's the reimbursement standard set by the government.
In comparison, the local median asking rent, known as the Zillow Observed Rental Index (ZORI), stands at $2,051. This indicates that the market rent in Front Royal is higher than the Section 8 payment standard. Landlords should be aware that they might need to adjust their expectations regarding rental income if they decide to participate in the Section 8 program.
The 26.1% share of renters in Front Royal suggests a moderate demand for rental housing. While this percentage isn't exceptionally high, it does indicate a significant portion of the population relies on rentals, making it a viable option for landlords willing to work with the program.
If you're considering purchasing a property to become a Section 8 landlord, the median home value in the area is approximately $403,046. This figure provides a benchmark for the acquisition cost of a typical home in Front Royal, which can help you assess the potential investment and return on your property.
Before proceeding with a Section 8 rental, verify that the property meets all the required housing quality standards set by HUD. These standards ensure that the living conditions are safe and decent for tenants. Non-compliance can result in reduced payments or termination from the program.
In summary, while the FMR of $1150 is lower than the local market rent of $2,051, the presence of a 26.1% renter share suggests a steady demand. The median home value of $403,046 gives an idea of the initial investment. Ensure your property meets HUD's quality standards to avoid complications.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.