Location: Winchester, VA | Metro: Winchester, VA-WV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 26714 reveals several key insights. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1110. However, due to the lack of available market rent data, it's difficult to make an exact comparison. Based on the HUD FMR alone, voucher tenants in this area would likely cashflow at the FMR rate, meaning that landlords can expect to cover their expenses and generate some profit without relying on premium units.
To understand the broader context, consider the median home value of $177,068. This figure suggests a relatively affordable housing market, which can be beneficial for both renters and buyers. The rent-to-price ratio, derived from the median home value and the HUD FMR, indicates that rental income could represent a significant portion of the property's value, making it attractive for investors seeking steady returns through rental income.
The absence of specific data on days-on-market (DOM) and price-cut share percentages means that we cannot directly assess how long properties typically stay on the market or the frequency of price reductions. However, given the affordability of the housing market, it's reasonable to assume that there might be a stable demand for rentals, which could support consistent occupancy rates and reduce the risk of vacancy.
In conclusion, the strongest investor angle in ZIP code 26714 is likely to be cashflow. With the HUD FMR covering most operational costs and providing a modest profit, landlords can benefit from a reliable stream of income without needing to find premium units. This makes it an ideal location for those looking to maximize their rental profits while minimizing risks associated with higher-priced markets.
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.