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)
The ZIP code 23395, located in Accomack County, VA, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The median home value in this area is $144,500, which is significantly lower than the Fair Market Rent (FMR) of $1,050 for the metro area in fiscal year 2026. This spread indicates that properties in 23395 are undervalued relative to the rental market, providing a solid opportunity for landlords and small-portfolio investors to secure stable, government-backed rental income.
With a median household income of $0, the area relies heavily on federal assistance programs such as Section 8. This makes it an ideal location for properties designated under the program. The low median home value ensures that the rents collected through Section 8 vouchers will cover operational costs and provide a reliable profit margin, making it a dependable cash-flow generator.
While there is limited data on appreciation potential and diversification opportunities, the focus on cash flow stability makes ZIP 23395 a strategic choice for those looking to mitigate risks and ensure consistent returns. The high renter share of 23.9% further supports the viability of this approach, as it suggests a robust demand for rental properties.
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.