Skip to main content
Loading page
Virginia Beach City/Virginia Beach/23452

23452

ZIPSAFMR
Virginia Beach City, VA
Zillow

ZIP Investment Score

125Above average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,510
1 BR$1,730$1,600
2 BR$1,940$1,910
3 BR$2,670$2,340
4 BR$3,150$2,780
5 BR$3,622Not available
6 BR$4,166Not available
7 BR$4,791Not available
8 BR$5,509Not available

Purchase Price Calculator

Maximum purchase price
$221,909

Cost breakdown

+Likely effective rent$1,910
HUD FMR$1,940
Market rentUsed$1,910
Est. payment standard (99%)$1,920
-Principal and interest-$1,122
Loan amount$177,527
Down payment$44,382
Rate6.50%
Term30 years
-Operating costs-$588
Property taxes-$222
Insurance-$175
Utilities$0
HOA$0
Management-$191
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,623(69.0% ROI)
Projected value
$238,971
Return breakdown
Property appreciation+$17,063
Loan principal paid down+$6,360
Rental cash flow+$7,200
5-year hold
+$52,503(118.3% ROI)
Projected value
$251,069
Return breakdown
Property appreciation+$29,161
Loan principal paid down+$11,342
Rental cash flow+$12,000
10-year hold
+$113,180(255.0% ROI)
Projected value
$284,062
Return breakdown
Property appreciation+$62,153
Loan principal paid down+$27,026
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.13
1 BR
1.08
2 BR
1.02
3 BR
1.14
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 23452 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23452 (Virginia Beach, VA) is $1,940 a month. That is down 4.0% from $2,020 in FY 2026. Virginia Beach 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 22 ZIP codes in Virginia Beach City, 23452 has the 9th-highest two-bedroom rent (county range $1,550–$2,280). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23452 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23452
BedroomsFY 2027Change90–110% range
Studio$1,710−2.8%$1,539–$1,881
1BR$1,730−2.8%$1,557–$1,903
2BR$1,940−4.0%$1,746–$2,134
3BR$2,670−4.6%$2,403–$2,937
4BR$3,150−4.5%$2,835–$3,465

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23452
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,730$1,940$2,670$3,150
FY 2026$1,760$1,780$2,020$2,800$3,300
FY 2025$1,700$1,710$1,960$2,730$3,250
FY 2024$1,470$1,480$1,720$2,400$2,920
FY 2023$1,290$1,320$1,540$2,150$2,620

Two-bedroom rent in nearby Virginia Beach City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23452
23450$1,900−2.1%
23451$2,030+4.6%
23452Current$1,940—
23453$1,970+1.5%
23454$1,910−1.5%
23455$1,950+0.5%
23456$2,280+17.5%
23457$1,710−11.9%
23459$1,840−5.2%
23460$1,920−1.0%
23461$2,010+3.6%
23462$2,010+3.6%

Questions about ZIP 23452 rents

How much will Section 8 pay for a two-bedroom in ZIP 23452?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 23452 in?

ZIP 23452 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 23452 for FY 2027?

The two-bedroom FMR fell 4.0%, from $2,020 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 26.0%.

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