Location: Northampton County, VA | Metro: Northampton County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
ZIP 23405, located in Northampton County, VA metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the area's favorable financial metrics that align well with the principles of ensuring steady rental income.
The Fair Market Rent (FMR) for the 23405 ZIP code in fiscal year 2026 is set at $960. While the exact market rent and median home value are not available, the FMR provides a reliable benchmark for rental properties participating in the Section 8 program. Landlords and small-portfolio investors can expect to receive consistent rental payments through the Housing Choice Voucher Program, which covers a significant portion of the tenant's rent. This makes the ZIP an ideal location for properties aimed at generating stable cash flow.
With a renter share of 14.7%, the ZIP demonstrates a moderate demand for rental housing, indicating that there is a reasonable number of potential tenants who could benefit from the Section 8 program. The median household income of $59,663 suggests that while there is a mix of economic backgrounds, a portion of the population would qualify for assistance under the program.
In conclusion, ZIP 23405 should be considered a cash-flow anchor within a Section 8 portfolio strategy due to the guaranteed rental income tied to the FMR of $960. This ensures that landlords can rely on steady cash flow without the need for speculative investments in appreciation or high-risk diversification strategies.
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.