Location: Accomack County, VA | Metro: Accomack County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
ZIP 23337, located in Accomack County, VA, is best suited as a diversifier within a Section 8 portfolio strategy. The median home value is $280,284, which does not align well with the Federal Market Rent (FMR) for the $1,050 metro FY 2026, indicating that it would not serve as a cash-flow anchor due to the significant spread between the FMR and the market value.
The lack of recent home price trends suggests that appreciation plays are not guaranteed. However, the 25.2% renter share and a median income of $64,762 provide a stable tenant base for Section 8 properties. Landlords and small-portfolio investors should consider the potential for long-term rental income stability in ZIP 23337, rather than focusing on short-term capital gains.
To further solidify this strategy, investors should review the local rental market dynamics and ensure that their properties meet the necessary requirements for Section 8 tenancy. This ZIP code's characteristics make it a reliable addition to a diversified portfolio, balancing higher-value areas with a steady stream of government-assisted renters.
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.