Location: Staunton-Stuarts Draft, VA | Metro: Charlottesville, VA MSA
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 | $1,280 |
| 1 Bedroom | $1,450 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,000 | $350,432 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 22952 has a population of 1,694 residents, with only 6.6% being renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy zone. The median household income stands at $75,333, which is relatively high compared to the national average.
The market rent for the area is $1,153, representing approximately 15.3% of the median household income. This percentage suggests that typical rents are reasonably affordable for most households in the area, even without assistance. However, the Federal Market Rent (FMR) for FY 2024 is set at $1,350, indicating that vouchers could cover up to $197 more than the current market rent. This discrepancy between the FMR and market rent could attract tenants who qualify for Section 8 vouchers, making them more likely to seek housing in this ZIP code.
Despite the low percentage of renters, the presence of Section 8 vouchers can still influence the rental market. Landlords in 22952 should be prepared to accommodate tenants who may rely on these vouchers to afford their living space. These tenants will likely have an income below 50% of the area median income, which means they would earn less than $37,667 annually. Given the higher median income of the area, such tenants might represent a smaller segment of the total population but could still be significant in the rental sector.
To summarize, while ZIP 22952 is predominantly a homeownership area, landlords should expect a mix of tenants, including those who use Section 8 vouchers. The voucher amount exceeds the current market rent, potentially attracting more voucher holders to the area. Landlords should be ready to meet the requirements of the Section 8 program and manage tenants with lower incomes relative to the area's overall economic status.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.