Location: King and Queen County, VA | Metro: King and Queen County, VA HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The rent math in ZIP 23126, located in King and Queen County, VA, is currently unclear due to the lack of available market rent data. However, the Fair Market Rent (FMR) for the area is set at $1180 for fiscal year 2024, which serves as a benchmark for rental prices.
Regarding property acquisition, the affordability cannot be definitively assessed without specific data on median home values, days on market (DOM), and the percentage of price cuts. These metrics would provide insight into the local real estate market's liquidity and competitiveness.
Tenant demand in ZIP 23126 appears modest. With a total population of 410, only 13.1% are renters, indicating that the majority of residents own their homes. This suggests that while there is a niche market for rentals, it may be limited compared to areas with higher renter shares.
In conclusion, ZIP 23126 presents an opportunity with a defined FMR but lacks sufficient data to fully evaluate market rent, acquisition costs, and competitive dynamics. The relatively low renter share implies that landlords should focus on catering to the specific needs of this smaller tenant pool to ensure steady occupancy. While the area does not show signs of high demand, careful targeting and pricing can make it viable for those willing to invest in a stable, albeit less dynamic, rental 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.