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Shenandoah County/Fishers Hill/22626

22626

ZIPFMR
Shenandoah County, VA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$937$1,030
1 BR$943$1,040
2 BR$1,172$1,290
3 BR$1,452$1,600
4 BR$1,897$2,090
5 BR$2,182Not available
6 BR$2,509Not available
7 BR$2,885Not available
8 BR$3,318Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,172
Market rent$1,830
Est. payment standard (110%)Used$1,290
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.63
2 BR
0.64
3 BR
0.69
4 BR
0.86
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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ZIP 22626 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 22626 (Fishers Hill, VA) is $1,172 a month. That is up 7.4% from $1,091 in FY 2026. Fishers Hill is in the Shenandoah County, VA non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22626 is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22626
BedroomsFY 2027Change90–110% range
Studio$937+10.4%$843–$1,031
1BR$943+10.3%$849–$1,037
2BR$1,172+7.4%$1,055–$1,289
3BR$1,452+4.2%$1,307–$1,597
4BR$1,897+24.6%$1,707–$2,087

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22626
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$937$943$1,172$1,452$1,897
FY 2026$849$855$1,091$1,394$1,523
FY 2025$734$816$1,071$1,420$1,453
FY 2024$754$848$1,113$1,488$1,494
FY 2023$650$747$972$1,368$1,373

Questions about ZIP 22626 rents

How much will Section 8 pay for a two-bedroom in ZIP 22626?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,172, that basic range is $1,055 to $1,289 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 22626 in?

ZIP 22626 is in the Shenandoah County, VA non-metropolitan FMR area.

How much did fair market rent change in ZIP 22626 for FY 2027?

The two-bedroom FMR rose 7.4%, from $1,091 in FY 2026 to $1,172 in FY 2027. Since FY 2023 it has risen 20.6%.

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 Fair Market Rents. 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 rentFishers Hill, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources