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 22726 has a population of 660 residents, with 16.7% of them being renters. This indicates that the area is predominantly a homeowner-dominated region rather than a renter-heavy zone. The median household income in this ZIP is $80,703, which suggests a relatively high-income bracket for the locality.
Given the lack of specific market rent data, we can infer that typical rental prices would be higher than the Fair Market Rent (FMR) figure of $1030, which is set for FY 2024. This FMR value represents the upper limit for housing assistance under the Section 8 program, meaning that landlords in this ZIP should anticipate that voucher holders will have limited flexibility beyond this amount.
To connect income levels to market rent, let's assume an average market rent that is higher than the FMR but still reasonable for the area. If the average market rent were approximately $1500 per month, this would consume about 18.6% of the median household income. However, since the actual market rent data is not provided, we cannot make a precise calculation.
In areas with such a high median income, the percentage of income spent on rent tends to be lower than in lower-income brackets. Therefore, even though the exact market rent is not available, it is likely that the proportion of income spent on rent by voucher holders would be significantly less than the proportion spent by those paying market rates.
The tenant profile a landlord in ZIP 22726 should expect is someone who benefits from the Section 8 voucher program, with a maximum allowable rent of $1030 per month. These tenants are likely to be families or individuals with lower incomes relative to the median, who still need to find affordable housing options within the ZIP. Given the homeowner-dominated nature of the area, competition for rental properties among voucher holders might be high, making it important for landlords to understand the local housing dynamics.
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.