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Hanover County/Rockville/23146

23146

ZIPSAFMR
Hanover County, VA
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,710
1 BR$1,790$1,790
2 BR$1,960$1,960
3 BR$2,450$2,450
4 BR$3,020$3,020
5 BR$3,473Not available
6 BR$3,994Not available
7 BR$4,593Not available
8 BR$5,282Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMRUsed$1,960
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
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 23146 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23146 (Rockville, VA) is $1,960 a month. That is down 9.7% from $2,170 in FY 2026. Rockville is in the Richmond, VA HUD Metro 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 metro-wide two-bedroom FMR of $1,651. Among 15 ZIP codes in Hanover County, 23146 has the 3rd-highest two-bedroom rent (county range $1,260–$2,280). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23146 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23146
BedroomsFY 2027Change90–110% range
Studio$1,710−9.5%$1,539–$1,881
1BR$1,790−9.6%$1,611–$1,969
2BR$1,960−9.7%$1,764–$2,156
3BR$2,450−9.9%$2,205–$2,695
4BR$3,020−9.9%$2,718–$3,322

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23146
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,790$1,960$2,450$3,020
FY 2026$1,890$1,980$2,170$2,720$3,350
FY 2025$1,850$1,920$2,130$2,700$3,330
FY 2024$1,550$1,590$1,790$2,290$2,800
FY 2023$1,220$1,250$1,410$1,820$2,220

Two-bedroom rent in nearby Hanover County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23146
23024$1,260−35.7%
23047$1,490−24.0%
23059$2,170+10.7%
23069$1,650−15.8%
23102$1,630−16.8%
23111$1,810−7.7%
23116$2,280+16.3%
23124$1,720−12.2%
23129$1,540−21.4%
23146Current$1,960—
23162$1,750−10.7%
23192$1,490−24.0%

Questions about ZIP 23146 rents

How much will Section 8 pay for a two-bedroom in ZIP 23146?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,651, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,486 to $1,816 a month; under the ZIP-level Small Area FMR of $1,960 it would be $1,764 to $2,156. 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 23146 in?

ZIP 23146 is in the Richmond, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,651.

How much did fair market rent change in ZIP 23146 for FY 2027?

The two-bedroom FMR fell 9.7%, from $2,170 in FY 2026 to $1,960 in FY 2027. Since FY 2023 it has risen 39.0%.

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