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Orange County/Rhoadesville/22542

22542

ZIPSAFMR
Orange County, VA
Zillow

ZIP Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$1,550$1,550
1 BR$1,560$1,560
2 BR$1,890$1,890
3 BR$2,620$2,620
4 BR$2,930$2,930
5 BR$3,369Not available
6 BR$3,875Not available
7 BR$4,456Not available
8 BR$5,125Not available

Purchase Price Calculator

Maximum purchase price
$218,937

Cost breakdown

+Likely effective rent$1,890
HUD FMRUsed$1,890
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,107
Loan amount$175,149
Down payment$43,787
Rate6.50%
Term30 years
-Operating costs-$583
Property taxes-$219
Insurance-$175
Utilities$0
HOA$0
Management-$189
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,309(69.2% ROI)
Projected value
$235,771
Return breakdown
Property appreciation+$16,834
Loan principal paid down+$6,275
Rental cash flow+$7,200
5-year hold
+$51,960(118.7% ROI)
Projected value
$247,707
Return breakdown
Property appreciation+$28,770
Loan principal paid down+$11,190
Rental cash flow+$12,000
10-year hold
+$111,985(255.7% ROI)
Projected value
$280,258
Return breakdown
Property appreciation+$61,321
Loan principal paid down+$26,665
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
--
Tax rate
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Mortgage rate
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ZIP 22542 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22542 (Rhoadesville, VA) is $1,890 a month. That is up 21.9% from $1,550 in FY 2026. Rhoadesville is in the Orange 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 $1,262. Among 13 ZIP codes in Orange County, 22542 has the highest two-bedroom rent (county range $1,190–$1,890). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22542 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22542
BedroomsFY 2027Change90–110% range
Studio$1,550+23.0%$1,395–$1,705
1BR$1,560+21.9%$1,404–$1,716
2BR$1,890+21.9%$1,701–$2,079
3BR$2,620+21.9%$2,358–$2,882
4BR$2,930+25.8%$2,637–$3,223

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22542
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,550$1,560$1,890$2,620$2,930
FY 2026$1,260$1,280$1,550$2,150$2,330
FY 2025$1,150$1,160$1,430$1,960$2,210
FY 2024area FMR$949$955$1,187$1,584$1,852
FY 2023area FMR$782$830$1,054$1,394$1,616

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

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22542
22433$1,660−12.2%
22508$1,730−8.5%
22542Current$1,890—
22551$1,680−11.1%
22567$1,570−16.9%
22701$1,580−16.4%
22733$1,430−24.3%
22923$1,760−6.9%
22942$1,650−12.7%
22957$1,260−33.3%
22960$1,190−37.0%
22968$1,650−12.7%

Questions about ZIP 22542 rents

How much will Section 8 pay for a two-bedroom in ZIP 22542?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,262, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,136 to $1,388 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 22542 in?

ZIP 22542 is in the Orange County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,262.

How much did fair market rent change in ZIP 22542 for FY 2027?

The two-bedroom FMR rose 21.9%, from $1,550 in FY 2026 to $1,890 in FY 2027. Since FY 2025 it has risen 32.2%.

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 rentRhoadesville, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources