22482

ZIPSAFMR

Northumberland County, VA

ZIP Investment Score

60Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$960	$1,060	1.1%
1 BR	$970	$1,070	1.2%
2 BR	$1,180	$1,300	0.6%
3 BR	$1,450	$1,600	1.1%
4 BR	$1,850	$2,010	1.3%
5 BR	$2,128	Not available	1.3%
6 BR	$2,447	Not available	1.3%
7 BR	$2,814	Not available	1.3%
8 BR	$3,236	Not available	1.3%

Purchase Price Calculator

Maximum purchase price

$131,263

Cost breakdown

+Likely effective rent$1,300

HUD FMR$1,180

Market rent$1,730

Est. payment standard (110%)Used$1,300

-Principal and interest-$664

Loan amount$105,010

Down payment$26,253

Rate6.50%

Term30 years

-Operating costs-$436

Property taxes-$131

Insurance-$175

Utilities$0

HOA$0

Management-$130

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$21,055(80.2% ROI)

Projected value

$141,356

Return breakdown

Property appreciation+$10,093

Loan principal paid down+$3,762

Rental cash flow+$7,200

5-year hold

+$35,958(137.0% ROI)

Projected value

$148,512

Return breakdown

Property appreciation+$17,249

Loan principal paid down+$6,709

Rental cash flow+$12,000

10-year hold

+$76,751(292.4% ROI)

Projected value

$168,028

Return breakdown

Property appreciation+$36,765

Loan principal paid down+$15,987

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.57ratio

FMR$960

Market$1,680

vs market-$720

FMR is below market; voucher rent may lag private rents.

0.57

1 BR

0.67ratio

FMR$970

Market$1,450

vs market-$480

FMR is below market; voucher rent may lag private rents.

0.67

2 BR

0.68ratio

FMR$1,180

Market$1,730

vs market-$550

FMR is below market; voucher rent may lag private rents.

0.68

3 BR

0.72ratio

FMR$1,450

Market$2,000

vs market-$550

FMR is below market; voucher rent may lag private rents.

0.72

4 BR

0.88ratio

FMR$1,850

Market$2,100

vs market-$250

FMR is below market; voucher rent may lag private rents.

0.88

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 22482 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22482 (Kilmarnock, VA) is $1,180 a month. That is up 4.4% from $1,130 in FY 2026. Kilmarnock is in the Northumberland 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 $1,382. Among 10 ZIP codes in Northumberland County, 22482 is tied for the 4th-highest two-bedroom rent (county range $1,180–$1,380). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22482 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22482
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$920	$960	+4.3%	$864–$1,056
1BR	$920	$970	+5.4%	$873–$1,067
2BR	$1,130	$1,180	+4.4%	$1,062–$1,298
3BR	$1,470	$1,450	−1.4%	$1,305–$1,595
4BR	$1,830	$1,850	+1.1%	$1,665–$2,035

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22482
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$960	$970	$1,180	$1,450	$1,850
FY 2026	$920	$920	$1,130	$1,470	$1,830
FY 2025	$910	$910	$1,130	$1,440	$1,750
FY 2024area FMR	$929	$935	$1,160	$1,403	$1,779
FY 2023area FMR	$753	$814	$1,015	$1,291	$1,528

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

Two-bedroom rent in nearby Northumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 22482
22432	$1,180	0.0%
22435	$1,180	0.0%
22460	$1,260	+6.8%
22473	$1,180	0.0%
22482Current	$1,180	—
22503	$1,180	0.0%
22511	$1,180	0.0%
22530	$1,380	+16.9%
22539	$1,180	0.0%
22579	$1,380	+16.9%

Questions about ZIP 22482 rents

How much will Section 8 pay for a two-bedroom in ZIP 22482?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,382, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,244 to $1,520 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 ZIP 22482 in?

ZIP 22482 is in the Northumberland County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,382.

How much did fair market rent change in ZIP 22482 for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,130 in FY 2026 to $1,180 in FY 2027. Since FY 2025 it has risen 4.4%.

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

County fair market rent Kilmarnock, VA fair market rent VA statewide rents What is SAFMR?Data sources