Location: Brunswick County, VA | Metro: Brunswick County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 23893 within the Brunswick County, VA metro area reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090. However, without a comparison to actual market rents, it's challenging to determine if this figure aligns with what tenants are willing to pay. This uncertainty could lead to properties being overpriced relative to their competitive environment.
Acquisition in ZIP 23893 is not straightforward given the missing data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut. These metrics are crucial for understanding the affordability and competitiveness of acquiring rental properties in the area. Without them, potential investors cannot accurately assess the cost and ease of buying into the market.
Tenant demand is relatively low in ZIP 23893. With a total population of 504, only 6.7% are renters. This translates to approximately 34 potential renters in the area. Such a small number of renters suggests limited demand for rental properties, which could result in difficulties filling vacancies and maintaining occupancy rates.
Verdict: ZIP 23893 presents significant challenges for landlords and small-portfolio investors. The absence of critical market data makes it difficult to ensure that rent prices will be profitable and that property acquisitions can be affordable. Moreover, the low renter share indicates weak tenant demand, further complicating the investment case. Until more comprehensive data becomes available, this area should be approached with caution.
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.