Location: Lynchburg, VA | Metro: Lynchburg, VA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
The ZIP code 24533, located in Clifford, VA, within the Lynchburg, VA MSA, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $970. Given the lack of current market data and median home values, it is prudent to focus on the guaranteed rental income that Section 8 provides. The stability offered by this program ensures consistent cash flow, which is critical for maintaining financial health and covering mortgage payments, property taxes, and maintenance costs.
The absence of significant appreciation potential and the limited diversification opportunities due to the PO Box-only designation make this ZIP code less attractive for speculative investments. Instead, it serves as a reliable component of a broader investment strategy, providing a steady stream of income that can be counted upon regardless of market fluctuations.
Data Sources: FMR data from HUD (2027).
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.