Section 8 Fair Market Rent (FMR) for ZIP 22664 - 2027

Location: Shenandoah County, VA | Metro: Shenandoah County, VA

Investment Score for ZIP 22664

Monthly Rent (2BR)

$1,200

Median Price (2BR)

$261,327

1% Rule

0.46%

Annual Yield

5.51%

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	$960
1 Bedroom	$970
2 Bedrooms	$1,200
3 Bedrooms	$1,490
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

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	$1,200	$261,327	0.46%	F
3BR	$1,490	$348,996	0.43%	F
4BR	$1,940	$435,589	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,293

Median Household Income

$73,530

Housing Units

3,721

Renter Percentage

44.8%

Occupancy Rate

93.9%

Renter Occupied

1,564

Woodstock, VA, located in ZIP code 22664, is a rural community that offers a unique blend of natural beauty and suburban convenience. The area is characterized by its tranquil setting, yet it remains close enough to urban centers to attract a diverse mix of residents, including families and retirees.

The Fair Market Rent (FMR) for the Woodstock metro area for fiscal year 2026 is set at $1,160, providing a benchmark for rental pricing.
The average market rent for the area, based on Census ACS data, stands at $989, indicating a slight gap between market rates and FMR.
The median home value in Woodstock is $338,049, reflecting the overall cost of property ownership in the region.
Renters make up 44.8% of the population, suggesting a robust demand for rental properties.
The median household income in the area is $73,530, which supports a stable tenant base capable of meeting rental obligations.
Unfortunately, the data does not provide the number of days on market (DOM), which would be useful in assessing the speed of property turnover.

Analyzing these key metrics, investors can see that Woodstock presents a balanced opportunity. With a significant portion of the population renting and a median income that supports rental affordability, the area shows potential for steady rental income. However, the current market rent is below the FMR, indicating room for price increases. Property values are also reasonable, making Woodstock a viable option for both rental and owner-occupied investments. Landlords should consider these factors when evaluating the potential returns and risks associated with investing in Woodstock's real estate market.

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.