22973
ZIPSAFMR
Madison County, VA
BRFMR
Eff. Rent
0 BR$1,270$1,400
1 BR$1,340$1,470
2 BR$1,560$1,720
3 BR$1,940$1,940
4 BR$2,360$2,080
5 BR$2,714
6 BR$3,121
7 BR$3,589
8 BR$4,128

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,560
Market rent$1,860
Est. payment standard (110%)Used$1,720
Estimated payment standard is $1,720 (110% of FMR).
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Current value$193,675
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Current value$193,675
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Current value$193,675
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.76ratio
FMR$1,270
Market$1,680
vs market-$410

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

90% standard$1,143 / 0.68 ratio110% standard$1,397 / 0.83 ratio
0.76
1 BR
1 BR
0.79ratio
FMR$1,340
Market$1,700
vs market-$360

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

90% standard$1,206 / 0.71 ratio110% standard$1,474 / 0.87 ratio
0.79
2 BR
2 BR
0.84ratio
FMR$1,560
Market$1,860
vs market-$300

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

90% standard$1,404 / 0.75 ratio110% standard$1,716 / 0.92 ratio
0.84
4 BR
4 BR
1.13ratio
FMR$2,360
Market$2,080
vs market+$280

FMR is above market; underwrite to market rent.

90% standard$2,124 / 1.02 ratio110% standard$2,596 / 1.25 ratio
1.13
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 22973 (VA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

22973 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 22973 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,560 and the 4 bedroom fair market rent is $2,360.

Use this page for searches like 22973 FMR, 22973 fair market rent, and 22973 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 22973
Bedroom sizeHUD FMR
Studio$1,270
1 bedroom$1,340
2 bedroom$1,560
3 bedroom$1,940
4 bedroom$2,360