Section 8 Fair Market Rent (FMR) for ZIP 24613 - 2027

Location: Tazewell County, VA | Metro: Tazewell County, VA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$850
1 Bedroom	$870
2 Bedrooms	$1,030
3 Bedrooms	$1,280
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

276

Median Household Income

$N/A

Housing Units

165

Renter Percentage

21.2%

Occupancy Rate

100.0%

Renter Occupied

ZIP 24613, located in Tazewell County, VA, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. This designation is based on the area's favorable financial metrics that support consistent rental income.

The median home value in ZIP 24613 stands at $109,320, which is significantly lower than the Fair Market Rent (FMR) for a $1,000 metro area in fiscal year 2026. This spread indicates that properties in this ZIP code can be acquired at a lower cost compared to their rental potential, thus providing a strong foundation for positive cash flow. Landlords and small-portfolio investors should focus on acquiring properties that align with these metrics to ensure steady returns.

Although specific data on appreciation plays and diversifiers such as price-cut share and days on market (DOM) are not available, the high renter share of 21.2% suggests a stable demand for rental properties. This statistic supports the idea that ZIP 24613 is a reliable choice for generating rental income, making it a solid cash-flow anchor within a broader investment strategy.

To further substantiate this claim, consider the following:

Affordability: The low median home value allows for the purchase of properties at a price point that maximizes the potential for positive cash flow when rented out under the Section 8 program.
Demand: With a significant portion of residents being renters, there is a continuous need for affordable housing options, ensuring a steady stream of tenants.

In conclusion, ZIP 24613 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Its low median home value and substantial renter share provide a strong basis for achieving financial stability and predictable returns on investment.

Data Sources: FMR data from HUD (2027). 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.