Location: Northampton County, VA | Metro: Northampton County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 23316 reveals a unique market scenario that balances both yield potential and stability, albeit with incomplete data points. The Fair Market Rent (FMR) for the area stands at $960 for fiscal year 2026, which is a key figure for determining the viability of rental properties under the Section 8 program. However, the absence of market rent and home value data makes it challenging to fully assess the yield potential.
On the stability axis, the ZIP code shows a 0.0% rate of renters, indicating a very low percentage of residents who are likely to rely on government assistance for housing. This suggests that while the FMR is set at $960, the actual demand for Section 8 rental units might be limited. Additionally, the median household income is listed at $74,167, which is above the national average, further supporting the notion of a stable economic environment. The lack of data on days on market (DOM) does not provide insight into how quickly rental properties are typically leased, but given the low percentage of renters, it can be inferred that there may be slower turnover rates.
Given these specifics, ZIP 23316 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The stable income levels suggest a reliable tenant base, but the low percentage of renters implies limited opportunities for maximizing yields through Section 8 participation. Landlords and small-portfolio investors should focus on long-term, consistent returns rather than short-term gains, considering the economic stability and low demand for subsidized housing.
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.