23018
ZIPSAFMR
Gloucester County, VA
BRFMR
Eff. Rent
0 BR$1,220$1,340
1 BR$1,240$1,360
2 BR$1,400$1,540
3 BR$1,940$2,090
4 BR$2,290$2,410
5 BR$2,634
6 BR$3,029
7 BR$3,483
8 BR$4,005

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,400
Market rent$2,100
Est. payment standard (110%)Used$1,540
Estimated payment standard is $1,540 (110% of FMR).
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Current value$166,927
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Current value$166,927
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Current value$166,927
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
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
0.60ratio
FMR$1,220
Market$2,020
vs market-$800

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

90% standard$1,098 / 0.54 ratio110% standard$1,342 / 0.66 ratio
0.60
1 BR
1 BR
0.60ratio
FMR$1,240
Market$2,050
vs market-$810

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

90% standard$1,116 / 0.54 ratio110% standard$1,364 / 0.67 ratio
0.60
2 BR
2 BR
0.67ratio
FMR$1,400
Market$2,100
vs market-$700

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

90% standard$1,260 / 0.60 ratio110% standard$1,540 / 0.73 ratio
0.67
3 BR
3 BR
0.89ratio
FMR$1,940
Market$2,170
vs market-$230

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

90% standard$1,746 / 0.80 ratio110% standard$2,134 / 0.98 ratio
0.89
4 BR
4 BR
0.93ratio
FMR$2,290
Market$2,470
vs market-$180

FMR is near market; voucher and private rents are aligned.

90% standard$2,061 / 0.83 ratio110% standard$2,519 / 1.02 ratio
0.93
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

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 23018 (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.

23018 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 23018 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,400 and the 4 bedroom fair market rent is $2,290.

Use this page for searches like 23018 FMR, 23018 fair market rent, and 23018 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 23018
Bedroom sizeHUD FMR
Studio$1,220
1 bedroom$1,240
2 bedroom$1,400
3 bedroom$1,940
4 bedroom$2,290