Location: Shenandoah County, VA | Metro: Warren County, VA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
Strasburg, VA, located in Shenandoah County, has a unique demographic profile that sets it apart from other areas. With a population of 12,067, 21.8% of residents rent their homes, indicating a moderate rental market presence. The median household income in Strasburg stands at $63,975, reflecting a middle-class community. Notably, the median home value is significantly higher at $344,660, suggesting a robust housing market.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP code 22657 in fiscal year 2024 is set at $1,100. This figure is slightly above the market rate of $1,030, as reported by the Census Bureau's American Community Survey. This indicates that landlords participating in the Section 8 program can expect to receive rents that are marginally higher than the local market average, providing a slight financial advantage.
The data signature for ZIP 22657 reads as stable. The median income and home values suggest a consistent economic environment where residents have the means to afford housing. The slight difference between the FMR and market rates also points towards a balanced rental market, making it a favorable area for landlords and small-portfolio investors looking for steady returns without significant volatility.
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.