Skip to main content
Loading page
Charlottesville City/Charlottesville/22901

22901

ZIPSAFMR
Charlottesville City, VA
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$1,360$1,370
1 BR$1,530$1,470
2 BR$1,750$1,860
3 BR$2,130$2,340
4 BR$2,610$2,870
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$214,479

Cost breakdown

+Likely effective rent$1,860
HUD FMR$1,750
Market rent$1,920
Est. payment standard (106%)Used$1,860
-Principal and interest-$1,085
Loan amount$171,583
Down payment$42,896
Rate6.50%
Term30 years
-Operating costs-$575
Property taxes-$214
Insurance-$175
Utilities$0
HOA$0
Management-$186
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,839(69.6% ROI)
Projected value
$230,970
Return breakdown
Property appreciation+$16,491
Loan principal paid down+$6,147
Rental cash flow+$7,200
5-year hold
+$51,147(119.2% ROI)
Projected value
$242,663
Return breakdown
Property appreciation+$28,184
Loan principal paid down+$10,962
Rental cash flow+$12,000
10-year hold
+$110,194(256.9% ROI)
Projected value
$274,551
Return breakdown
Property appreciation+$60,072
Loan principal paid down+$26,122
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.99
1 BR
1.04
2 BR
0.91
3 BR
0.80
4 BR
0.68
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 22901 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22901 (Charlottesville, VA) is $1,750 a month. That is down 9.8% from $1,940 in FY 2026. Charlottesville is in the Charlottesville, VA MSA. 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 metro-wide two-bedroom FMR of $1,642. Among 7 ZIP codes in Charlottesville City, 22901 has the 2nd-highest two-bedroom rent (county range $1,650–$1,850). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22901 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22901
BedroomsFY 2027Change90–110% range
Studio$1,360−9.9%$1,224–$1,496
1BR$1,530−10.0%$1,377–$1,683
2BR$1,750−9.8%$1,575–$1,925
3BR$2,130−9.7%$1,917–$2,343
4BR$2,610−10.0%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22901
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,530$1,750$2,130$2,610
FY 2026$1,510$1,700$1,940$2,360$2,900
FY 2025$1,440$1,520$1,770$2,210$2,680
FY 2024$1,420$1,440$1,710$2,150$2,660
FY 2023$1,210$1,210$1,450$1,800$2,230

Two-bedroom rent in nearby Charlottesville City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 22901
22901Current$1,750—
22902$1,850+5.7%
22903$1,710−2.3%
22904$1,710−2.3%
22905$1,650−5.7%
22906$1,650−5.7%
22908$1,650−5.7%

Questions about ZIP 22901 rents

How much will Section 8 pay for a two-bedroom in ZIP 22901?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,642, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,478 to $1,806 a month; under the ZIP-level Small Area FMR of $1,750 it would be $1,575 to $1,925. 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 22901 in?

ZIP 22901 is in the Charlottesville, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,642.

How much did fair market rent change in ZIP 22901 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,940 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 20.7%.

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