Location: Culpeper County, VA | Metro: Culpeper County, VA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,800 |
| 1 Bedroom | $1,860 |
| 2 Bedrooms | $2,090 |
| 3 Bedrooms | $2,710 |
| 4 Bedrooms | $3,160 |
| 5 Bedrooms | $3,666 |
| 6 Bedrooms | $4,106 |
| 7 Bedrooms | $4,434 |
| 8 Bedrooms | $4,656 |
U.S. Census Bureau data (2024)
The ZIP code 22736 stands out due to its unique demographic and economic characteristics. With only 844 residents, it has a relatively low population density compared to other areas. However, the percentage of residents renting at 10.2% is notably low, indicating that most residents own their homes. The median income of $100,156 places it in a higher-income bracket, while the median home value of $491,376 suggests that homeownership is a significant factor in the local economy.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 22736 is set at $1570 for fiscal year 2024. This figure represents the maximum amount of rental assistance that can be paid on behalf of a tenant through the voucher program. Notably, there is no available market rent data for comparison, which means landlords must rely solely on the FMR to determine their rental rates when participating in the Section 8 program.
The low rental rate percentage coupled with the high median income and home values suggests that the ZIP code 22736 is predominantly stable. Landlords and small-portfolio investors can expect a consistent clientele who are likely to be financially secure and able to maintain their living situation over time. The lack of market rent data does introduce some uncertainty, but the stable economic indicators provide a solid foundation for investment decisions.
In summary, ZIP 22736 presents a stable environment for landlords and investors, with a strong emphasis on homeownership and higher incomes. The Section 8 voucher economics, particularly the FMR of $1570, should be carefully considered when setting rental rates, as it may limit potential returns. Despite the limited data points, the overall picture indicates a stable rather than transitional market.
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.