Location: Lynchburg, VA | Metro: Lynchburg, VA MSA
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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,480 | $262,000 | 0.56% | F |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 24571 is set at $910 for the fiscal year 2024. In comparison, the market rent based on Census ACS data stands at $878. This indicates that voucher tenants cashflow at the FMR rate, providing a positive financial outlook for landlords who accept Section 8 vouchers.
To further analyze the investment potential, we can look at the rent-to-price ratio. With a median home value of $225,740, the annual rent at $910 translates to an approximate monthly rent-to-price ratio of 0.40%. This suggests that properties in ZIP 24571 offer a reasonable return on investment relative to their purchase price.
Regarding the median Days on Market (DOM) and the percentage of price cuts, the information is currently not available. However, the lack of specific data on these metrics does not significantly impact the analysis since the primary focus is on the cashflow potential provided by the difference between the FMR and market rent.
The strongest investor angle in ZIP 24571 is cashflow. Given that the HUD FMR exceeds the current market rent, landlords who participate in the Section 8 program will benefit from a higher guaranteed income compared to the typical market rates, making it a stable and profitable investment choice.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.