22551

ZIPSAFMR

Spotsylvania County, VA

ZIP Investment Score

105Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,450	$1,600	6.2%
1 BR	$1,520	$1,670	7.3%
2 BR	$1,680	$1,850	6.3%
3 BR	$2,140	$2,230	7.1%
4 BR	$2,520	$2,710	6.9%
5 BR	$2,898	Not available	6.9%
6 BR	$3,333	Not available	7.0%
7 BR	$3,833	Not available	7.0%
8 BR	$4,407	Not available	6.9%

Purchase Price Calculator

Maximum purchase price

$212,993

Cost breakdown

+Likely effective rent$1,850

HUD FMR$1,680

Market rent$2,060

Est. payment standard (110%)Used$1,850

-Principal and interest-$1,077

Loan amount$170,394

Down payment$42,599

Rate6.50%

Term30 years

-Operating costs-$573

Property taxes-$213

Insurance-$175

Utilities$0

HOA$0

Management-$185

=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

+$29,682(69.7% ROI)

Projected value

$229,370

Return breakdown

Property appreciation+$16,377

Loan principal paid down+$6,105

Rental cash flow+$7,200

5-year hold

+$50,876(119.4% ROI)

Projected value

$240,982

Return breakdown

Property appreciation+$27,989

Loan principal paid down+$10,887

Rental cash flow+$12,000

10-year hold

+$109,597(257.3% ROI)

Projected value

$272,649

Return breakdown

Property appreciation+$59,656

Loan principal paid down+$25,941

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.75ratio

FMR$1,450

Market$1,940

vs market-$490

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

0.75

1 BR

0.79ratio

FMR$1,520

Market$1,920

vs market-$400

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

0.79

2 BR

0.82ratio

FMR$1,680

Market$2,060

vs market-$380

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

0.82

3 BR

0.94ratio

FMR$2,140

Market$2,280

vs market-$140

FMR is near market; voucher and private rents are aligned.

0.94

4 BR

0.90ratio

FMR$2,520

Market$2,810

vs market-$290

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

0.90

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 22551 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22551 (Spotsylvania, VA) is $1,680 a month. That is up 11.3% from $1,510 in FY 2026. Spotsylvania is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 14 ZIP codes in Spotsylvania County, 22551 has the 7th-highest two-bedroom rent (county range $1,140–$2,240). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22551 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22551
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,310	$1,450	+10.7%	$1,305–$1,595
1BR	$1,350	$1,520	+12.6%	$1,368–$1,672
2BR	$1,510	$1,680	+11.3%	$1,512–$1,848
3BR	$1,910	$2,140	+12.0%	$1,926–$2,354
4BR	$2,240	$2,520	+12.5%	$2,268–$2,772

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22551
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,450	$1,520	$1,680	$2,140	$2,520
FY 2026	$1,310	$1,350	$1,510	$1,910	$2,240
FY 2025	$1,360	$1,390	$1,570	$1,960	$2,320
FY 2024	$1,210	$1,230	$1,400	$1,740	$2,060
FY 2023	$1,090	$1,110	$1,260	$1,580	$1,880

Two-bedroom rent in nearby Spotsylvania County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 22551
22407	$2,150	+28.0%
22408	$2,230	+32.7%
22508	$1,730	+3.0%
22534	$1,780	+6.0%
22546	$1,510	−10.1%
22551Current	$1,680	—
22553	$2,240	+33.3%
22565	$2,130	+26.8%
22567	$1,570	−6.5%
22580	$1,310	−22.0%
22960	$1,190	−29.2%
23015	$1,400	−16.7%

Questions about ZIP 22551 rents

How much will Section 8 pay for a two-bedroom in ZIP 22551?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,680, that basic range is $1,512 to $1,848 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 ZIP 22551 in?

ZIP 22551 is in the Washington-Arlington-Alexandria, DC-VA-MD 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 ZIP 22551 for FY 2027?

The two-bedroom FMR rose 11.3%, from $1,510 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 33.3%.

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

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