23323
ZIPSAFMR
Portsmouth County, VA
BRFMR
Eff. Rent
0 BR$1,740$1,830
1 BR$1,770$1,780
2 BR$2,000$2,050
3 BR$2,770$2,420
4 BR$3,270$2,880
5 BR$3,760
6 BR$4,325
7 BR$4,973
8 BR$5,719

Purchase Price Calculator

Maximum purchase price
$242,713

Cost breakdown

+Likely effective rent$2,050
HUD FMR$2,000
Market rent$2,080
Est. payment standard (103%)Used$2,050
Estimated payment standard is $2,050 (103% of FMR).
-Principal and interest-$1,227
Loan amount$194,170
Down payment$48,543
Rate6.50%
Term30 years
-Operating costs-$623
Property taxes-$243
Insurance-$175
Utilities$0
HOA$0
Management-$205
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,819(67.6% ROI)
Projected value
$261,375
Current value$242,713
Return breakdown
Property appreciation+$18,662
Loan principal paid down+$6,957
Rental cash flow+$7,200
5-year hold
+$56,300(116.0% ROI)
Projected value
$274,607
Current value$242,713
Return breakdown
Property appreciation+$31,894
Loan principal paid down+$12,406
Rental cash flow+$12,000
10-year hold
+$121,540(250.4% ROI)
Projected value
$310,693
Current value$242,713
Return breakdown
Property appreciation+$67,980
Loan principal paid down+$29,560
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
0.93ratio
FMR$1,740
Market$1,880
vs market-$140

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

90% standard$1,566 / 0.83 ratio110% standard$1,914 / 1.02 ratio
0.93
1 BR
1 BR
0.99ratio
FMR$1,770
Market$1,790
vs market-$20

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

90% standard$1,593 / 0.89 ratio110% standard$1,947 / 1.09 ratio
0.99
2 BR
2 BR
0.96ratio
FMR$2,000
Market$2,080
vs market-$80

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

90% standard$1,800 / 0.87 ratio110% standard$2,200 / 1.06 ratio
0.96
3 BR
3 BR
1.14ratio
FMR$2,770
Market$2,420
vs market+$350

FMR is above market; underwrite to market rent.

90% standard$2,493 / 1.03 ratio110% standard$3,047 / 1.26 ratio
1.14
4 BR
4 BR
1.14ratio
FMR$3,270
Market$2,880
vs market+$390

FMR is above market; underwrite to market rent.

90% standard$2,943 / 1.02 ratio110% standard$3,597 / 1.25 ratio
1.14
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 23323 (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.

23323 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 23323 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,000 and the 4 bedroom fair market rent is $3,270.

Use this page for searches like 23323 FMR, 23323 fair market rent, and 23323 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 23323
Bedroom sizeHUD FMR
Studio$1,740
1 bedroom$1,770
2 bedroom$2,000
3 bedroom$2,770
4 bedroom$3,270