Location: Prince Edward County, VA | Metro: Charlotte 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 | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $145,407 | 0.68% | D |
| 3BR | $1,190 | $206,996 | 0.57% | F |
U.S. Census Bureau data (2024)
The real estate landscape in Keysville, VA (ZIP 23947) is currently defined by a median home value of $187,144. This figure stands as a critical benchmark for both landlords and small-portfolio investors. The absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests stability in the housing market, implying that there has not been a significant shift in seller behavior or property turnover rates. This stability points towards a scenario where pricing power will likely remain consistent over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for the metro area is projected at $910 for fiscal year 2026, whereas the current market rate stands at $600 based on Census ACS data. This gap between the FMR and the actual market rate signals an opportunity for landlords to potentially increase rents without losing tenants, given that the FMR serves as a guideline for affordability and often influences rental price adjustments.
For long-term investors considering holding properties in Keysville, VA, the setup suggests a cautious approach to appreciation expectations. While the median home value provides a solid base for investment, the lack of recent data on listing reductions and DOM indicates a market that may not be experiencing rapid growth. Therefore, any thesis on appreciation should be grounded in modest projections, reflecting the stable but not rapidly appreciating nature of the local real estate market.
In summary, the median home value, coupled with the observed stability in the housing market, and the potential for upward rental price adjustments, paints a picture of a market that offers steady returns rather than explosive growth. Landlords and investors should focus on maintaining competitive rental prices and ensuring property values remain stable, aligning their strategies with the data-driven reality of Keysville's real estate environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.