Location: Roanoke, VA | Metro: Roanoke, VA HUD Metro FMR Area
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 | $1,780 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | $3,040 |
| 4 Bedrooms | $3,680 |
| 5 Bedrooms | $4,269 |
| 6 Bedrooms | $4,781 |
| 7 Bedrooms | $5,163 |
| 8 Bedrooms | $5,421 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,200 | $351,270 | 0.63% | D |
| 3BR | $3,040 | $410,549 | 0.74% | D |
| 4BR | $3,680 | $568,245 | 0.65% | D |
U.S. Census Bureau data (2024)
Daleville, VA (ZIP 24083), positioned within the Roanoke, VA HUD Metro FMR Area, exhibits several characteristics that set it apart from other ZIP codes in the region. The Fair Market Rent (FMR) for Daleville in fiscal year 2024 is $1510, which is lower than the market rent of $1,705. This indicates that the subsidized rents are slightly below what the market dictates, potentially making Daleville a more affordable option for tenants receiving housing assistance.
The median home value in Daleville is $461,389, which is likely to be representative of the overall cost of homeownership in the area. However, with a renter share of 24.6%, Daleville has a notable portion of its population renting homes, suggesting a significant demand for rental properties. This percentage aligns closely with the average renter share in the broader Roanoke, VA HUD Metro FMR Area, indicating that Daleville's rental market is reflective of the larger metropolitan area.
To determine whether Daleville is a value pocket, a mid-tier neighborhood, or a premium sub-market, consider the following:
The FMR being lower than the market rent suggests Daleville could be a value pocket for landlords participating in the Section 8 program, as they can offer rents slightly below the market rate while still receiving government subsidies.
The median home value of $461,389 places Daleville squarely in the mid-tier range of the Roanoke, VA HUD Metro FMR Area. This figure neither indicates an exceptionally low nor high value compared to other ZIP codes in the area.
A high renter share with below-metro home values is often a signal for a Section 8 sweet spot, but Daleville's home values are on par with the metropolitan average. Therefore, while Daleville may attract some renters due to its proximity to Roanoke and lower FMR, it does not necessarily qualify as a prime Section 8 location based solely on these factors.
In summary, Daleville, VA, is a mid-tier neighborhood within the Roanoke, VA HUD Metro FMR Area, offering a slight edge in affordability for those seeking rental properties through the Section 8 program. Its median home value reflects the general housing costs in the region, and the renter share aligns with the metropolitan average, indicating a balanced market.
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.