Location: Pulaski County, VA | Metro: Blacksburg-Christiansburg-Radford, 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 | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $186,308 | 0.63% | D |
| 3BR | $1,570 | $279,052 | 0.56% | F |
| 4BR | $1,920 | $378,783 | 0.51% | F |
U.S. Census Bureau data (2024)
ZIP code 24141, located in Radford, VA, is situated within the Pulaski County, VA HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $1,030. Comparatively, the average FMR for ZIP codes within the Pulaski County HUD Metro FMR Area typically ranges around this figure, making ZIP 24141 align closely with the broader county standards.
The market rent for ZIP 24141 stands at $1,257, slightly above the FMR but still within a reasonable range for the area. This suggests that landlords can expect to charge a bit more than the FMR without significantly deterring potential tenants.
The median home value in ZIP 24141 is $262,266, which is lower than the typical home values found in many other ZIP codes within the Pulaski County HUD Metro FMR Area. This indicates that ZIP 24141 might be considered a value pocket, offering more affordable housing options compared to other areas in the same metro.
The renter share in ZIP 24141 is 43.4%, which is notably higher than the average renter share in the Pulaski County HUD Metro FMR Area. High renter share combined with below-average home values often points to a significant presence of Section 8 housing. This makes ZIP 24141 an attractive location for landlords participating in the Section 8 program due to the demand for subsidized rental units.
In summary, ZIP 24141 is positioned as a value pocket within the Pulaski County HUD Metro FMR Area. It offers lower home values and a higher-than-average renter share, suggesting a strong market for Section 8 housing. Landlords and small-portfolio investors should take advantage of this opportunity, as the demand for affordable rentals is high and the market conditions favor participation in the Section 8 program.
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.