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Virginia Beach City/Virginia Beach/23453

23453

ZIPSAFMR
Virginia Beach City, VA
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$1,740$1,620
1 BR$1,760$1,580
2 BR$1,970$2,030
3 BR$2,720$2,220
4 BR$3,200$2,710
5 BR$3,680Not available
6 BR$4,232Not available
7 BR$4,867Not available
8 BR$5,597Not available

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMR$1,970
Market rent$2,060
Est. payment standard (103%)Used$2,030
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.11
2 BR
0.96
3 BR
1.23
4 BR
1.18
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 23453 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23453 (Virginia Beach, VA) is $1,970 a month. That is down 1.0% from $1,990 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, 23453 has the 7th-highest two-bedroom rent (county range $1,550–$2,280). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23453 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23453
BedroomsFY 2027Change90–110% range
Studio$1,740+0.6%$1,566–$1,914
1BR$1,7600.0%$1,584–$1,936
2BR$1,970−1.0%$1,773–$2,167
3BR$2,720−1.4%$2,448–$2,992
4BR$3,200−1.5%$2,880–$3,520

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23453
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,740$1,760$1,970$2,720$3,200
FY 2026$1,730$1,760$1,990$2,760$3,250
FY 2025$1,700$1,710$1,950$2,710$3,230
FY 2024$1,470$1,480$1,720$2,400$2,920
FY 2023$1,270$1,290$1,510$2,110$2,570

Two-bedroom rent in nearby Virginia Beach City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23453
23450$1,900−3.6%
23451$2,030+3.0%
23452$1,940−1.5%
23453Current$1,970—
23454$1,910−3.0%
23455$1,950−1.0%
23456$2,280+15.7%
23457$1,710−13.2%
23459$1,840−6.6%
23460$1,920−2.5%
23461$2,010+2.0%
23462$2,010+2.0%

Questions about ZIP 23453 rents

How much will Section 8 pay for a two-bedroom in ZIP 23453?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 23453 in?

ZIP 23453 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 23453 for FY 2027?

The two-bedroom FMR fell 1.0%, from $1,990 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 30.5%.

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