Location: Accomack County, VA | Metro: Accomack County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 23426 reveals a unique real estate market that is heavily reliant on Section 8 housing vouchers, given the presence of the Fair Market Rent (FMR) figure at $1,110 for the fiscal year 2026. This FMR is the benchmark for rental yields in the area, indicating that landlords can expect to receive approximately $1,110 per unit from the federal government for eligible tenants. However, the absence of market rent and home value data suggests a lack of private investment and activity in the housing sector, which could be attributed to the dominance of Section 8 in this region.
On the stability axis, the data paints a picture of a highly controlled market due to the 0.0% figure representing the percentage of renters who are not on Section 8 vouchers. This implies that virtually all rental units are occupied by voucher holders, leading to consistent cash flow but also limited flexibility for price adjustments based on market demand. The lack of data on days on market (DOM) and median income further underscores the specialized nature of this market, where traditional metrics of stability do not apply in the same way as they would in a mixed-market scenario.
Given these figures, ZIP 23426 is best classified as a steady-cashflow zone. The reliance on Section 8 vouchers ensures predictable income streams for landlords, though at a fixed rate of $1,110. While this does not offer the high-yield potential seen in markets with significant private rental demand, it provides a reliable source of income without the volatility associated with fluctuating market rents. Landlords should be prepared for a market that prioritizes stability over rapid appreciation or high rental yields, making it suitable for those seeking consistent returns rather than speculative gains.
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.