Location: Shenandoah County, VA | Metro: Shenandoah 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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $361,300 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 22660, located in Fredericksburg, Virginia, is a growing residential area that benefits from its proximity to military bases such as Fort A.P. Hill and its access to major transportation routes. This region attracts both families and renters looking for affordable housing options close to employment opportunities.
Analyzing these points, investors can see that there is a notable gap between the Fair Market Rent and the actual market rent, which presents an opportunity for landlords to potentially increase rents while remaining competitive. The presence of a substantial renter share and stable incomes indicates a reliable tenant pool. However, the lack of data on days on market (DOM) means that it's harder to predict how quickly properties might be rented out, but the overall economic conditions suggest a favorable environment for real estate investment in this ZIP code.
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.