Section 8 Fair Market Rent (FMR) for ZIP 23065 - 2027

Investment Score for ZIP 23065

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,300
1 Bedroom	$1,360
2 Bedrooms	$1,490
3 Bedrooms	$1,870
4 Bedrooms	$2,300
5 Bedrooms	$2,668
6 Bedrooms	$2,988
7 Bedrooms	$3,227
8 Bedrooms	$3,388

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,870	$378,946	0.49%	F
4BR	$2,300	$556,443	0.41%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 23065 in Louisa County, VA can serve as a **cash-flow anchor** within a Section 8 portfolio strategy. This designation is supported by the significant spread between the Fair Market Rent (FMR) for FY 2024, which is set at $1,330, and the current market rent of $1,234. Given the median home value in the area is $387,593, the FMR provides a reliable benchmark for rental income that is slightly above the market rate, ensuring steady cash flow.

The FMR of $1,330 offers a cushion against market fluctuations, making it an ideal choice for landlords and small-portfolio investors seeking consistent income. This figure represents the maximum amount that a Section 8 tenant can pay towards their rent, with the rest subsidized by the government. Therefore, even if market rents dip, the FMR serves as a floor, protecting the investment's cash flow.

Additionally, the ZIP code has a 17.5% renter share, indicating a moderate demand for rentals. While this isn't the highest renter share, it does suggest a stable tenant pool. The median income of $92,577 further supports the viability of this ZIP code as a cash-flow anchor, as it indicates a population capable of paying market rates, even if they are slightly below the FMR.

The data does not provide specific information regarding appreciation potential or diversification benefits, such as price-cut share or days on market (DOM). However, given the median home value and the slight premium offered by the FMR over market rent, ZIP 23065 is best suited as a cash-flow anchor within a Section 8 portfolio strategy.

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.