Location: Northampton County, VA | Metro: Northampton County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The ZIP code 23486 is situated in a small, tight-knit community with a total population of just 278 residents. This area has a relatively low percentage of renters at 24.8%, indicating that it is primarily a homeownership-driven neighborhood. The median household income in this ZIP code stands at a robust $92,543, suggesting that the local economy supports a comfortable standard of living for its inhabitants.
Despite the small population, the economic landscape offers insight into potential investment opportunities. The Fair Market Rent (FMR) for the metro area, which includes ZIP 23486, is set at $910 per month for fiscal year 2026. However, specific data on market rents for this particular ZIP code is currently unavailable, making it difficult to directly compare FMRs to local rental prices. Given the high median income and the low percentage of renters, it's reasonable to infer that market rents could be higher than the FMR, but this requires further investigation.
Considering the characteristics of ZIP 23486, it might not be the best fit for a hands-off voucher operator due to its unique demographic profile and the scarcity of rental units. Instead, this ZIP code appears to be more suited for a hands-on value-add buyer who can take advantage of the strong local economy and potentially develop rental properties that cater to the needs of the growing number of renters. Such an investor would need to conduct thorough research on the local rental market and possibly explore opportunities to convert some of the existing owner-occupied homes into rental units, thereby aligning with the broader trends in the area and capitalizing on the high median income to command premium rents.
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.