Location: Brunswick County, VA | Metro: Brunswick County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,500 |
| 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)
38.0% of residents in ZIP code 23857 are renters, indicating a strong demand for rental properties in the area. $297,642 is the median home value, which is significantly higher than the Fair Market Rent (FMR) set at $1,100 for the metro area in fiscal year 2026. This difference highlights the affordability gap between homeownership and renting, potentially making rental investments more attractive. $79,583 is the median income for this ZIP code, providing insight into the financial capacity of potential tenants. However, the lack of data on market rent and days on market (DOM), as well as the percentage of price-cut share, suggests there might be limited competition or less frequent turnover in the rental market. Despite these missing figures, the existing data points to a favorable environment for landlords and small-portfolio investors. The high median home value combined with the lower FMR indicates that rental properties can offer affordable housing options while still generating reasonable returns. The significant renter share further supports the idea that there is a substantial market for rental properties in this area. Given the outlined conditions, the verdict for Section 8 participation in ZIP 23857 is positive, as it aligns well with the local rental dynamics and can provide a stable source of income.
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.