Section 8 Fair Market Rent (FMR) for ZIP 27965 - 2027

Location: Virginia Beach-Norfolk-Newport News, VA | Metro: Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

Investment Score for ZIP 27965

N/A
Monthly Rent (2BR)
$1,410
Median Price (2BR)
$N/A
1% Rule
0%
Annual Yield
0%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,240
1 Bedroom$1,260
2 Bedrooms$1,410
3 Bedrooms$1,940
4 Bedrooms$2,290
5 Bedrooms$2,656
6 Bedrooms$2,975
7 Bedrooms$3,213
8 Bedrooms$3,374

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
3BR $1,940 $340,805 0.57% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
648
Median Household Income
$63,542
Housing Units
335
Renter Percentage
8.4%
Occupancy Rate
100.0%
Renter Occupied
28

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.