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Albemarle County/Charlottesville/22909

22909

ZIPFMR
Albemarle County, VA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,279$1,410
1 BR$1,442$1,590
2 BR$1,642$1,810
3 BR$1,997$2,200
4 BR$2,458$2,700
5 BR$2,827Not available
6 BR$3,251Not available
7 BR$3,738Not available
8 BR$4,299Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMR$1,642
Market rent$2,260
Est. payment standard (110%)Used$1,810
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.77
2 BR
0.73
3 BR
0.77
4 BR
0.75
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 22909 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 22909 (Charlottesville, VA) is $1,642 a month. That is down 10.0% from $1,824 in FY 2026. Charlottesville is in the Charlottesville, VA MSA. The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22909 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 22909
BedroomsFY 2027Change90–110% range
Studio$1,279−10.0%$1,151–$1,407
1BR$1,442−10.0%$1,298–$1,586
2BR$1,642−10.0%$1,478–$1,806
3BR$1,997−10.0%$1,797–$2,197
4BR$2,458−10.0%$2,212–$2,704

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 22909
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,279$1,442$1,642$1,997$2,458
FY 2026$1,421$1,602$1,824$2,218$2,731
FY 2025$1,404$1,487$1,729$2,155$2,621
FY 2024$1,392$1,415$1,678$2,114$2,608
FY 2023$1,165$1,172$1,401$1,742$2,159

Questions about ZIP 22909 rents

How much will Section 8 pay for a two-bedroom in ZIP 22909?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,642, that basic range is $1,478 to $1,806 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 22909 in?

ZIP 22909 is in the Charlottesville, VA MSA. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 22909 for FY 2027?

The two-bedroom FMR fell 10.0%, from $1,824 in FY 2026 to $1,642 in FY 2027. Since FY 2023 it has risen 17.2%.

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