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Delray, WV

CitySAFMR
Hampshire County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,130$1,130
2 BR$1,420$1,420
3 BR$1,770$1,770
4 BR$2,380$2,380
5 BR$2,737Not available
6 BR$3,148Not available
7 BR$3,620Not available
8 BR$4,163Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMRUsed$1,420
Market rentN/A
Est. payment standardN/A
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Delray, WV fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Delray, WV is $1,420 a month. That is unchanged from FY 2026. Delray is in the Winchester, VA-WV MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,505. The median county two-bedroom FMR in West Virginia is $955, so Delray is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Delray, WV
BedroomsFY 2027Change90–110% range
Studio$1,020+3.0%$918–$1,122
1BR$1,1300.0%$1,017–$1,243
2BR$1,4200.0%$1,278–$1,562
3BR$1,770+0.6%$1,593–$1,947
4BR$2,3800.0%$2,142–$2,618

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Delray, WV
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,130$1,420$1,770$2,380
FY 2026$990$1,130$1,420$1,760$2,380
FY 2025$890$1,000$1,260$1,570$2,120
FY 2024$800$870$1,110$1,400$1,840
FY 2023$790$790$1,010$1,300$1,700

Questions about Delray, WV rents

How much will Section 8 pay for a two-bedroom in Delray, WV?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,505, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,355 to $1,656 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Delray, WV in?

Delray, WV is in the Winchester, VA-WV MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,505.

How much did fair market rent change in Delray, WV for FY 2027?

The two-bedroom FMR was unchanged at $1,420 in FY 2027. Since FY 2023 it has risen 40.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set