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)
The ZIP code 23943, located within the Prince Edward County, VA metro area, has a Fair Market Rent (FMR) of $1,130 for fiscal year 2026. This figure represents the maximum amount that a low-income family can pay towards housing under the Section 8 program. Given the lack of specific market rent and home value data for this ZIP, we must infer its position relative to other typical ZIP codes within the county based on the FMR alone.
The FMR of $1,130 suggests that 23943 could be considered a value pocket within the Prince Edward County, VA metro. This inference is drawn from the fact that FMRs are generally lower than market rents, indicating that the cost of living here is likely below the average for the broader metro area. Since the FMR is set to ensure affordability for low-income families, it implies that rental costs in 23943 are relatively accessible compared to other areas within the same county.
Without specific market rent and home value data, it's challenging to make a direct comparison to other ZIP codes in the county. However, the absence of a significant renter share percentage indicates that the proportion of renters in 23943 might not be notably higher than in other ZIP codes within Prince Edward County. If the renter share were high and home values were below average, it would typically signal a prime location for landlords participating in the Section 8 program, as it would suggest a concentration of potential tenants who qualify for assistance.
To conclude, based on the provided FMR of $1,130 for ZIP 23943, it appears to be a value pocket within the Prince Edward County, VA metro. This makes it an attractive area for landlords looking to offer affordable housing options to low-income families under the Section 8 program. Further analysis would require additional data points such as market rents and home values to confirm this assessment fully.
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.