Location: Tazewell County, VA | Metro: Tazewell County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 24635, located in Tazewell County, VA metro, reveals a balanced scenario for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $910 per month for fiscal year 2026, which closely aligns with the market rent of $917 reported by the Census American Community Survey. This means that voucher tenants will generally cashflow at the FMR level, with a slight margin of $7 per month, indicating a stable but not highly profitable situation.
Given the median home value is listed as N/A, it's challenging to derive a precise rent-to-price ratio. However, the close proximity between the HUD FMR and market rent suggests that rental properties are well-aligned with the financial support available through Section 8 vouchers. This alignment ensures that landlords can maintain their investment without significant risk of vacancy due to insufficient voucher coverage.
The median days on market (DOM) and percentage of price cuts are also noted as N/A, which implies that there is no recent data to suggest a trend towards either rapid sales or frequent price reductions. In the absence of these metrics, we can infer that the local housing market is relatively stable, with neither a strong seller's nor buyer's market dynamic.
The strongest investor angle in this market is stability. With the HUD FMR nearly matching market rents, landlords can expect consistent occupancy and steady cash flow, making it an attractive option for those seeking reliable returns over time.
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.