Location: Page County, VA | Metro: Page 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 | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $310,750 | 0.31% | F |
| 3BR | $1,180 | $381,603 | 0.31% | F |
U.S. Census Bureau data (2024)
From the renter's perspective in ZIP code 22650, Rileyville, VA, the financial landscape presents a stark contrast between market realities and government assistance standards. The median household income stands at $72,226. However, the absence of specific market rate data suggests a scarcity of rental properties, which could imply limited options for residents seeking housing.
The Federal Market Rent (FMR) standard set for metro areas in fiscal year 2026 is $920. This figure represents the average amount a household with a Section 8 voucher can pay towards rent. Given the median income, this amount is relatively affordable, indicating that many households might qualify for and benefit from such assistance.
With only 3.5% of the 1,007 residents being renters, the competition among landlords in Rileyville is likely low. The small percentage of renters means that there are fewer units available on the market, creating a niche environment where demand could outstrip supply.
The affordability gap is significant. Households earning the median income would typically allocate a portion of their earnings to rent, but the lack of market rate data makes it challenging to assess how much of their income goes toward housing. If the actual market rates exceed the FMR, many renters might find it difficult to secure housing without assistance.
For landlords considering their strategy regarding voucher tenants versus those paying cash, the data points to a clear advantage of accepting vouchers. The FMR of $920 aligns well with the median income, ensuring steady and reliable payments. While cash-paying tenants might offer higher rents, the risk of vacancy in a market with few renters could outweigh the benefits. Landlords should consider the stability and long-term viability of voucher programs, especially given the low competition and potential for higher occupancy rates.
The takeaway is straightforward: accepting Section 8 vouchers can be a prudent move for landlords in ZIP 22650. It leverages the support of government assistance, ensuring a consistent income stream while meeting the needs of a community where the majority of residents have limited housing options.
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.