Location: Shenandoah County, VA | Metro: Shenandoah County, VA
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 | $930 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $260,098 | 0.45% | F |
| 3BR | $1,440 | $351,253 | 0.41% | F |
| 4BR | $1,880 | $438,130 | 0.43% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 22824, located in Edinburg, VA, within Shenandoah County, are straightforward when analyzed against the local rental market. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $1,070. This figure represents the maximum amount that the housing authority will reimburse landlords for renting out a unit under the Section 8 program.
In comparison, the local market rent for a two-bedroom apartment in Edinburg, as per the Census ACS data, averages around $972. This lower figure suggests that landlords participating in the Section 8 program might receive slightly higher rent than the typical market rate.
A landlord's actual reimbursement under the Section 8 program involves several components:
To illustrate, if a tenant's monthly income is $2,000, their contribution towards rent would be approximately $600 to $800, depending on the adjustments made by the housing authority. If the housing authority uses the upper limit of $1,070 as the reimbursement ceiling, then the landlord would receive the remaining amount, which is $270 to $470, plus any applicable utility allowances.
The typical reimbursement gap or surplus in ZIP 22824 can be calculated by comparing the SAFMR to the local market rent. Given the SAFMR of $1,070 and the local market rent of $972, landlords would see a surplus of $98 per month on average, when renting a two-bedroom apartment under the Section 8 program. This surplus provides a buffer for landlords, ensuring they do not lose money due to participation in the program.
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.