Location: Rappahannock County, VA | Metro: Culpeper County, VA HUD Metro FMR Area
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 | $1,350 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $468,492 | 0.34% | F |
| 3BR | $1,930 | $598,581 | 0.32% | F |
U.S. Census Bureau data (2024)
The ZIP code 22716, located in Castleton, Virginia, within Rappahannock County, stands out due to its unique demographic and economic characteristics. With only 1,200 residents, it has an extremely low rental rate of 0.0%, indicating that almost all housing units are owner-occupied. The median income here is quite high at $141,458, which is significantly above the national average. Additionally, the median home value in Castleton is impressively high at $590,972.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 22716 is set at $1,370 for fiscal year 2024. However, the market rent for the area is not available, making it difficult to compare the FMR with actual market rates. This lack of rental activity means that landlords should be cautious about relying solely on Section 8 tenants to fill vacancies.
Given the data signature of ZIP 22716, it reads as highly stable. The low rental rate suggests a community where homeownership is the dominant form of housing tenure, and the high median income and home values indicate a prosperous area with little need for subsidized housing. Landlords and small-portfolio investors should consider these factors when evaluating the potential impact of Section 8 vouchers in their investment decisions. The stability of the area also implies that there is a strong likelihood of maintaining property values and financial security for long-term investments.
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.