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VA/Lunenburg County/South Hill

South Hill, VA

CitySAFMR
Lunenburg County
Found 1 ZIP

City Median Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$860$950
1 BR$870$960
2 BR$1,130$1,240
3 BR$1,490$1,610
4 BR$1,510$1,660
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,130
Market rent$1,330
Est. payment standard (110%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.73
2 BR
0.85
3 BR
0.89
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

South Hill, VA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Hill, VA is $1,130 a month. That is up 3.7% from $1,090 in FY 2026. South Hill is in the Lunenburg County, VA non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $943. The median county two-bedroom FMR in Virginia is $1,262, so South Hill is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for South Hill, VA
BedroomsFY 2027Change90–110% range
Studio$860+4.9%$774–$946
1BR$870+4.8%$783–$957
2BR$1,130+3.7%$1,017–$1,243
3BR$1,490+6.4%$1,341–$1,639
4BR$1,510+4.9%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for South Hill, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$870$1,130$1,490$1,510
FY 2026$820$830$1,090$1,400$1,440
FY 2025$730$740$970$1,240$1,370
FY 2024area FMR$702$707$905$1,226$1,518
FY 2023area FMR$588$611$793$1,093$1,351

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about South Hill, VA rents

How much will Section 8 pay for a two-bedroom in South Hill, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $943, which applies unless the housing authority uses Small Area FMRs, that basic range is $849 to $1,037 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 South Hill, VA in?

South Hill, VA is in the Lunenburg County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $943.

How much did fair market rent change in South Hill, VA for FY 2027?

The two-bedroom FMR rose 3.7%, from $1,090 in FY 2026 to $1,130 in FY 2027. Since FY 2025 it has risen 16.5%.

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