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 code 23422 is located in South Florida and comprises 32 properties. The median household income in this area is $70,118, and the median home value stands at $369,500.
The data points indicate that the area has a relatively low renter share, suggesting that it might be more suitable for homeownership rather than rental investment. However, the Fair Market Rent figure shows that there is still a demand for affordable rentals, which could be a niche opportunity for small-portfolio investors. Given the median home value, the potential for appreciation and long-term growth exists, but the lack of new businesses and investor-owned properties suggests that the market is primarily driven by owner-occupiers. Landlords and small-portfolio investors should carefully consider these factors when evaluating potential investments in ZIP 23422.
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.