Section 8 Fair Market Rent (FMR) for ZIP 22663 - 2027

Location: Winchester, VA | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area

Investment Score for ZIP 22663

F
Monthly Rent (2BR)
$1,520
Median Price (2BR)
$422,600
1% Rule
0.36%
Annual Yield
4.32%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,170
1 Bedroom$1,240
2 Bedrooms$1,520
3 Bedrooms$1,950
4 Bedrooms$2,440
5 Bedrooms$2,830
6 Bedrooms$3,170
7 Bedrooms$3,424
8 Bedrooms$3,595

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,520 $422,600 0.36% F
3BR $1,950 $467,794 0.42% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,705
Median Household Income
$135,046
Housing Units
605
Renter Percentage
11.0%
Occupancy Rate
90.1%
Renter Occupied
60

With a Fair Market Rent (FMR) of $1370 for zip code 22663 (White Post, VA) in fiscal year 2024, landlords can expect to set competitive rental rates. Although the specific market rent data is currently unavailable, the median home value stands at $476,893, indicating a stable residential market. The renter share of 11.0% suggests a moderate demand for rental properties, neither overwhelming nor scarce. Landlords operating in White Post should also note the median income of $135,046, which supports the ability of tenants to afford the $1370 FMR. While the days on market (DOM) and the percentage of price-cut share data are not available, these figures would typically provide insights into the speed of property sales and the necessity of adjusting prices to meet market conditions. Given the current data, it is clear that White Post offers a balanced environment for both homeownership and renting, with rental properties priced slightly below the median home value, making it a feasible option for those seeking affordable housing solutions. The Section 8 program, with its defined FMR, serves as a reliable benchmark for setting rental prices, ensuring compliance with federal guidelines while maintaining profitability for landlords. In conclusion, the combination of a reasonable FMR, a stable median home value, and a steady median income makes White Post an attractive location for Section 8 participation, offering a solid investment opportunity.

Section 8 verdict: Attractive for participation given the alignment between FMR and local income levels.

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.