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)
13 properties exist within ZIP code 23389, featuring a median assessed value of $259K and an average assessed value of $277,233. The highest property value in this area is $572K. The median household income stands at $70,417, while the median home value is $336,200. With a population density of 8,487 people per square mile, the neighborhood is densely populated.
100% of the properties are owner-occupied, indicating a strong residential community rather than an investment hub. There have been 0 flips since 2020, suggesting little speculative activity in the area.
$1,050 is the Fair Market Rent (FMR) for ZIP 23389 as of metro FY 2026. Given the lack of speculative activity and the low renter share at 0.0%, landlords should consider the FMR as a guideline for rental pricing.
The Section 8 verdict for ZIP 23389 is that it is not suitable for Section 8 investments due to the absence of renters and the high median home value relative to the median income.
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.