Location: Pittsylvania County-Danville city, VA | Metro: Pittsylvania County-Danville city, VA HUD Nonmetro 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 | $720 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $135,797 | 0.76% | D |
| 3BR | $1,410 | $221,999 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 24527 in Blairs, Virginia, is a small-town neighborhood with a total population of 3,262 residents. Only 11.8% of these residents are renters, indicating a predominantly owner-occupied community. The median household income here stands at $73,715, which is relatively high and suggests a stable economic base. The median home value in this area is $196,666, reflecting the modest yet comfortable living standards typical of rural Virginia.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,050. However, the actual market rent, as per the Census ACS, is significantly lower at $716. This discrepancy between the FMR and the market rent presents an opportunity for landlords and small-portfolio investors to potentially benefit from the higher subsidy rates available through the Section 8 program.
Given the low percentage of renters and the relatively high median income, this ZIP code is more suited to a hands-off voucher operator strategy. The stability of the local economy and the modest property values make it less risky for landlords who wish to participate in the Section 8 program without engaging in extensive property management activities. For those looking to actively manage properties and add value, the market conditions in ZIP 24527 do not present as compelling an opportunity compared to areas with higher rental demand and greater potential for rent increases.
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.