23439

ZIPSAFMR

Suffolk City, VA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,520	$1,500	4.3%
1 BR	$1,530	$1,410	4.3%
2 BR	$1,720	$1,760	3.1%
3 BR	$2,370	$2,170	2.7%
4 BR	$2,800	$2,710	1.7%
5 BR	$3,220	Not available	1.7%
6 BR	$3,703	Not available	1.7%
7 BR	$4,258	Not available	1.7%
8 BR	$4,897	Not available	1.7%

Purchase Price Calculator

Maximum purchase price

$199,619

Cost breakdown

+Likely effective rent$1,760

HUD FMR$1,720

Market rent$1,780

Est. payment standard (102%)Used$1,760

-Principal and interest-$1,009

Loan amount$159,695

Down payment$39,924

Rate6.50%

Term30 years

-Operating costs-$551

Property taxes-$200

Insurance-$175

Utilities$0

HOA$0

Management-$176

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$28,270(70.8% ROI)

Projected value

$214,968

Return breakdown

Property appreciation+$15,349

Loan principal paid down+$5,721

Rental cash flow+$7,200

5-year hold

+$48,434(121.3% ROI)

Projected value

$225,850

Return breakdown

Property appreciation+$26,232

Loan principal paid down+$10,203

Rental cash flow+$12,000

10-year hold

+$104,222(261.1% ROI)

Projected value

$255,529

Return breakdown

Property appreciation+$55,910

Loan principal paid down+$24,312

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.01ratio

FMR$1,520

Market$1,500

vs market+$20

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

1.01

1 BR

1.09ratio

FMR$1,530

Market$1,410

vs market+$120

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

1.09

2 BR

0.97ratio

FMR$1,720

Market$1,780

vs market-$60

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

0.97

3 BR

1.09ratio

FMR$2,370

Market$2,170

vs market+$200

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

1.09

4 BR

1.03ratio

FMR$2,800

Market$2,710

vs market+$90

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

1.03

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 23439 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23439 (Suffolk, VA) is $1,720 a month. That is down 2.8% from $1,770 in FY 2026. Suffolk is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 11 ZIP codes in Suffolk City, 23439 has the 5th-highest two-bedroom rent (county range $1,290–$2,050). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23439 is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23439
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,540	$1,520	−1.3%	$1,368–$1,672
1BR	$1,560	$1,530	−1.9%	$1,377–$1,683
2BR	$1,770	$1,720	−2.8%	$1,548–$1,892
3BR	$2,450	$2,370	−3.3%	$2,133–$2,607
4BR	$2,890	$2,800	−3.1%	$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23439
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,520	$1,530	$1,720	$2,370	$2,800
FY 2026	$1,540	$1,560	$1,770	$2,450	$2,890
FY 2025	$1,540	$1,550	$1,770	$2,460	$2,930
FY 2024	$1,340	$1,350	$1,570	$2,190	$2,660
FY 2023	$1,160	$1,180	$1,380	$1,930	$2,350

Two-bedroom rent in nearby Suffolk City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 23439
23321	$1,700	−1.2%
23430	$1,420	−17.4%
23432	$1,660	−3.5%
23433	$1,980	+15.1%
23434	$1,540	−10.5%
23435	$2,050	+19.2%
23436	$2,020	+17.4%
23437	$1,290	−25.0%
23438	$1,800	+4.7%
23439Current	$1,720	—
23487	$1,430	−16.9%

Questions about ZIP 23439 rents

How much will Section 8 pay for a two-bedroom in ZIP 23439?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 a month. 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 23439 in?

ZIP 23439 is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 23439 for FY 2027?

The two-bedroom FMR fell 2.8%, from $1,770 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 24.6%.

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 rent Suffolk, VA fair market rent VA statewide rents What is SAFMR?Data sources