Location: Culpeper County, VA | Metro: Culpeper County, VA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
U.S. Census Bureau data (2024)
The ZIP code 22714 in Brandy Station, Virginia, presents a mixed scenario for real estate investment. Based on the data from RepIT, the average home value is $533,668, while the Fair Market Rent (FMR) for 2024 is $1,270. The median household income is $122,105.
The percentage of renters in the area is 17.2%, indicating a moderate rental demand. However, the price-to-rent ratio stands at 34.8:1, which is relatively high. This suggests that cash flow might be challenging at current home values. The 1% rule fails, meaning the monthly rent ($1,278) is less than 1% of the typical home value.
The gross yield is 2.9%, and the capitalization rate (cap rate) is 1.9%. These figures suggest that the market is not particularly high-yield compared to the overall home value. Furthermore, the current 30-year mortgage rate of 6.3% exceeds the estimated cap rate, implying negative leverage and reduced cash returns.
In terms of stability, the 5-year Compound Annual Growth Rate (CAGR) for home appreciation is +6.5%, showing a growing trend. However, the low vacancy rate of 0.0% and the landlord climate score of 5.0/5 indicate a friendly environment for landlords, but do not fully compensate for the high price-to-rent ratio.
Conclusion: ZIP 22714 is neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. It falls somewhere in between, with solid long-term appreciation potential but challenging short-term cash flow due to the high price-to-rent ratio. Investors should consider diversifying their portfolios and researching specific properties closely before committing.
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.