Location: Orange County, 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 |
|---|---|---|---|---|
| 2BR | $1,650 | $329,107 | 0.5% | F |
| 3BR | $2,000 | $373,909 | 0.53% | F |
| 4BR | $2,460 | $535,463 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 22968, located in Ruckersville, Virginia within Greene County, stands out due to its unique demographic and economic profile. With a population of 11,235 residents, only 15.1% of whom rent their homes, it indicates a predominantly owner-occupied area. The median income here is $88,929, reflecting a middle-class community. Notably, the median home value in ZIP 22968 is $393,529, which is relatively high compared to the national average.
Moving into the specifics of Section 8 housing economics, the Fair Market Rent (FMR) for ZIP 22968 in fiscal year 2024 is set at $1,340. This figure is slightly above the market rate of $1,252, as reported by the Census Bureau's American Community Survey (ACS). This suggests that landlords participating in the Section 8 program can expect to receive a rent subsidy that is competitive with market rates, providing a stable income stream.
The data signature for ZIP 22968 reads as stable. The relatively low rental rate of 15.1% and the higher-than-average median home value indicate a community where homeownership is prevalent and valued. The slight premium offered by the Section 8 voucher program over the market rate ensures that landlords are adequately compensated, making it an attractive option for those who wish to participate in the program. Given these factors, landlords and small-portfolio investors can anticipate a consistent and reliable rental environment when considering properties in this ZIP code.
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.