Location: Prince Edward County, VA | Metro: Prince Edward County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
ZIP code 23909, located within Prince Edward County, VA, has a Fair Market Rent (FMR) of $1,130 for fiscal year 2026. This figure represents the average rent for a two-bedroom apartment, which is used as a benchmark for assessing rental affordability. However, the specific market rent and home value data for ZIP 23909 are currently unavailable.
To determine the position of ZIP 23909 within the Prince Edward County, VA metro area, we must consider the available FMR data. The FMR of $1,130 can be compared to the typical FMRs found in other ZIP codes within the county. If the FMR of $1,130 is significantly lower than the average FMR across the metro, it could indicate that 23909 is a value pocket where rents are more affordable relative to the broader market. Conversely, if the FMR is closer to or exceeds the average FMR, then 23909 would likely be considered a mid-tier neighborhood or potentially a premium sub-market depending on the exact comparison.
The absence of market rent and home value data makes it challenging to draw definitive conclusions about the overall real estate landscape in ZIP 23909. However, the lack of these figures does not necessarily imply they are below or above average; it simply means there is insufficient data to make a direct comparison.
The percentage of renters in ZIP 23909 is also not specified, which is critical information for landlords and small-portfolio investors. A high renter share combined with below-average home values often signifies a favorable location for Section 8 properties. Given the current data, we cannot confirm if ZIP 23909 exhibits such characteristics.
In summary, based on the available FMR of $1,130, ZIP 23909 appears to be a value pocket within the Prince Edward County, VA metro area, assuming the FMR is below the typical average. However, without additional metrics like market rent and home values, it's impossible to provide a comprehensive analysis of its position relative to other ZIP codes within the metro. Landlords and investors should seek further data to make informed decisions regarding property investments in this area.
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.