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Middlesex County/Hardyville/23070

23070

ZIPSAFMR
Middlesex County, VA
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,090
1 BR$1,100$1,100
2 BR$1,330$1,330
3 BR$1,580$1,580
4 BR$2,060$2,060
5 BR$2,369Not available
6 BR$2,724Not available
7 BR$3,133Not available
8 BR$3,603Not available

Purchase Price Calculator

Maximum purchase price
$135,721

Cost breakdown

+Likely effective rent$1,330
HUD FMRUsed$1,330
Market rentN/A
Est. payment standardN/A
-Principal and interest-$686
Loan amount$108,577
Down payment$27,144
Rate6.50%
Term30 years
-Operating costs-$444
Property taxes-$136
Insurance-$175
Utilities$0
HOA$0
Management-$133
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,526(79.3% ROI)
Projected value
$146,157
Return breakdown
Property appreciation+$10,436
Loan principal paid down+$3,890
Rental cash flow+$7,200
5-year hold
+$36,772(135.5% ROI)
Projected value
$153,556
Return breakdown
Property appreciation+$17,835
Loan principal paid down+$6,937
Rental cash flow+$12,000
10-year hold
+$78,543(289.4% ROI)
Projected value
$173,734
Return breakdown
Property appreciation+$38,013
Loan principal paid down+$16,530
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 23070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23070 (Hardyville, VA) is $1,330 a month. That is unchanged from FY 2026. Hardyville is in the Middlesex 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 $1,259. Among 12 ZIP codes in Middlesex County, 23070 has the 6th-highest two-bedroom rent (county range $1,170–$1,490). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23070 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23070
BedroomsFY 2027Change90–110% range
Studio$1,0900.0%$981–$1,199
1BR$1,100+0.9%$990–$1,210
2BR$1,3300.0%$1,197–$1,463
3BR$1,580−1.2%$1,422–$1,738
4BR$2,060−1.0%$1,854–$2,266

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,100$1,330$1,580$2,060
FY 2026$1,090$1,090$1,330$1,600$2,080
FY 2025$1,000$1,010$1,250$1,500$1,950
FY 2024area FMR$909$915$1,202$1,453$1,844
FY 2023area FMR$777$796$1,048$1,275$1,577

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

Two-bedroom rent in nearby Middlesex County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23070
22504$1,200−9.8%
23032$1,260−5.3%
23043$1,290−3.0%
23070Current$1,330—
23071$1,400+5.3%
23079$1,260−5.3%
23092$1,410+6.0%
23149$1,490+12.0%
23169$1,400+5.3%
23175$1,300−2.3%
23176$1,340+0.8%
23180$1,170−12.0%

Questions about ZIP 23070 rents

How much will Section 8 pay for a two-bedroom in ZIP 23070?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,259, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,133 to $1,385 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 23070 in?

ZIP 23070 is in the Middlesex County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,259.

How much did fair market rent change in ZIP 23070 for FY 2027?

The two-bedroom FMR was unchanged at $1,330 in FY 2027. Since FY 2025 it has risen 6.4%.

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