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VA/Newport News City/Fort Eustis

Fort Eustis, VA

CitySAFMR
Newport News City
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,850$1,280
1 BR$1,870$1,490
2 BR$2,100$1,670
3 BR$2,890$2,000
4 BR$3,410$2,400
5 BR$3,921Not available
6 BR$4,510Not available
7 BR$5,186Not available
8 BR$5,964Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$2,100
Market rentUsed$1,670
Est. payment standard (90%)$1,890
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.45
1 BR
1.26
2 BR
1.26
3 BR
1.45
4 BR
1.42
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Fort Eustis, VA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fort Eustis, VA is $2,100 a month. That is down 4.5% from $2,200 in FY 2026. Fort Eustis is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Virginia is $1,262, so Fort Eustis is 66% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Fort Eustis, VA
BedroomsFY 2027Change90–110% range
Studio$1,850−3.6%$1,665–$2,035
1BR$1,870−3.6%$1,683–$2,057
2BR$2,100−4.5%$1,890–$2,310
3BR$2,890−5.2%$2,601–$3,179
4BR$3,410−5.0%$3,069–$3,751

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Fort Eustis, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,850$1,870$2,100$2,890$3,410
FY 2026$1,920$1,940$2,200$3,050$3,590
FY 2025$1,920$1,930$2,210$3,080$3,660
FY 2024$1,690$1,700$1,970$2,740$3,340
FY 2023$1,500$1,530$1,790$2,500$3,050

Questions about Fort Eustis, VA rents

How much will Section 8 pay for a two-bedroom in Fort Eustis, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 a month. 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 Fort Eustis, VA in?

Fort Eustis, VA is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Fort Eustis, VA for FY 2027?

The two-bedroom FMR fell 4.5%, from $2,200 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 17.3%.

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