Location: Virginia Beach-Norfolk-Newport News, VA | Metro: Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
ZIP 23681, located within the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The area's Fair Market Rent (FMR) for Fiscal Year 2026 is set at $1,600, which provides a stable and predictable revenue stream for landlords. This fixed rental rate ensures that properties within this ZIP code will generate consistent income, crucial for anchoring a portfolio's overall cash flow.
The lack of available market data, such as median home values and price-cut shares, suggests that the primary focus should be on the reliability of the rental income rather than speculative appreciation or market fluctuations. Given the predictability of the FMR, landlords can confidently plan their finances around this steady income source, making 23681 an ideal choice for those looking to stabilize their investment portfolio.
While data on the percentage of renters and median income are not provided, the strong cash-flow potential of 23681 outweighs the need for these metrics when constructing a Section 8-focused investment strategy. The key benefit here is the guaranteed rental income, which aligns with the conservative approach of using Section 8 as a means to secure long-term, stable returns.
Data Sources: FMR data from HUD (2027).
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.