Location: Cumberland County, VA | Metro: Buckingham County, VA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $277,696 | 0.47% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 23936 reveals a market that falls into the category of moderate yield and low stability. This classification is driven by specific figures from the data provided.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $910, while the market rent is slightly lower at $874. The median home value in this ZIP code is significantly higher at $254,654. These figures suggest a moderate rental yield, which is calculated based on the difference between the FMR and the market rent, indicating a potential for modest returns on investment properties.
In terms of stability, the data paints a picture of a less stable market. Only 20.0% of residents are renters, which implies a smaller pool of potential tenants. The lack of available data on days on market (DOM) indicates variability in how quickly properties can be rented out. Additionally, the average income of $57,880 suggests that while there may be some financial capacity among residents, the relatively low percentage of renters could pose challenges in maintaining consistent cash flow.
To summarize, ZIP 23936 is best classified as a moderate yield market with low stability. The relatively close figures between the FMR and market rent indicate that while there is potential for rental income, it is not exceptionally high. Furthermore, the low percentage of renters and the variable DOM suggest that the market may not provide the most stable or predictable cash flow for landlords and small-portfolio investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.