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Shenandoah County/Mount Jackson/22842

22842

ZIPSAFMR
Shenandoah County, VA
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$980$1,080
1 BR$980$1,080
2 BR$1,220$1,340
3 BR$1,510$1,540
4 BR$1,970$1,620
5 BR$2,266Not available
6 BR$2,605Not available
7 BR$2,996Not available
8 BR$3,446Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,220
Market rent$1,430
Est. payment standard (110%)Used$1,340
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.83
2 BR
0.85
3 BR
0.97
4 BR
1.22
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22842 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22842 (Mount Jackson, VA) is $1,220 a month. That is up 8.9% from $1,120 in FY 2026. Mount Jackson is in the Shenandoah 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 $1,172. Among 16 ZIP codes in Shenandoah County, 22842 has the 5th-highest two-bedroom rent (county range $990–$1,670). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22842 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22842
BedroomsFY 2027Change90–110% range
Studio$980+12.6%$882–$1,078
1BR$980+11.4%$882–$1,078
2BR$1,220+8.9%$1,098–$1,342
3BR$1,510+5.6%$1,359–$1,661
4BR$1,970+26.3%$1,773–$2,167

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22842
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$980$1,220$1,510$1,970
FY 2026$870$880$1,120$1,430$1,560
FY 2025$730$820$1,070$1,420$1,450
FY 2024area FMR$754$848$1,113$1,488$1,494
FY 2023area FMR$650$747$972$1,368$1,373

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

Two-bedroom rent in nearby Shenandoah County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22842
22654$1,450+18.9%
22657$1,200−1.6%
22660$990−18.9%
22664$1,200−1.6%
22810$1,200−1.6%
22815$1,190−2.5%
22824$1,160−4.9%
22842Current$1,220—
22844$1,190−2.5%
22845$1,140−6.6%
22847$1,130−7.4%
22853$1,190−2.5%

Questions about ZIP 22842 rents

How much will Section 8 pay for a two-bedroom in ZIP 22842?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,172, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,055 to $1,289 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 22842 in?

ZIP 22842 is in the Shenandoah County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,172.

How much did fair market rent change in ZIP 22842 for FY 2027?

The two-bedroom FMR rose 8.9%, from $1,120 in FY 2026 to $1,220 in FY 2027. Since FY 2025 it has risen 14.0%.

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