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Virginia Beach City/Virginia Beach/23454

23454

ZIPSAFMR
Virginia Beach City, VA
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$1,680$1,510
1 BR$1,700$1,500
2 BR$1,910$1,940
3 BR$2,630$2,410
4 BR$3,100$2,870
5 BR$3,565Not available
6 BR$4,100Not available
7 BR$4,715Not available
8 BR$5,422Not available

Purchase Price Calculator

Maximum purchase price
$226,367

Cost breakdown

+Likely effective rent$1,940
HUD FMR$1,910
Market rent$1,950
Est. payment standard (101%)Used$1,940
-Principal and interest-$1,145
Loan amount$181,093
Down payment$45,273
Rate6.50%
Term30 years
-Operating costs-$595
Property taxes-$226
Insurance-$175
Utilities$0
HOA$0
Management-$194
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,094(68.7% ROI)
Projected value
$243,772
Return breakdown
Property appreciation+$17,405
Loan principal paid down+$6,488
Rental cash flow+$7,200
5-year hold
+$53,317(117.8% ROI)
Projected value
$256,113
Return breakdown
Property appreciation+$29,746
Loan principal paid down+$11,570
Rental cash flow+$12,000
10-year hold
+$114,971(253.9% ROI)
Projected value
$289,769
Return breakdown
Property appreciation+$63,402
Loan principal paid down+$27,569
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.13
2 BR
0.98
3 BR
1.09
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 23454 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23454 (Virginia Beach, VA) is $1,910 a month. That is down 3.0% from $1,970 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, 23454 has the 12th-highest two-bedroom rent (county range $1,550–$2,280). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23454 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23454
BedroomsFY 2027Change90–110% range
Studio$1,680−2.3%$1,512–$1,848
1BR$1,700−2.3%$1,530–$1,870
2BR$1,910−3.0%$1,719–$2,101
3BR$2,630−3.7%$2,367–$2,893
4BR$3,100−3.7%$2,790–$3,410

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23454
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,680$1,700$1,910$2,630$3,100
FY 2026$1,720$1,740$1,970$2,730$3,220
FY 2025$1,650$1,660$1,900$2,640$3,150
FY 2024$1,400$1,410$1,640$2,280$2,780
FY 2023$1,230$1,260$1,470$2,050$2,500

Two-bedroom rent in nearby Virginia Beach City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23454
23450$1,900−0.5%
23451$2,030+6.3%
23452$1,940+1.6%
23453$1,970+3.1%
23454Current$1,910—
23455$1,950+2.1%
23456$2,280+19.4%
23457$1,710−10.5%
23459$1,840−3.7%
23460$1,920+0.5%
23461$2,010+5.2%
23462$2,010+5.2%

Questions about ZIP 23454 rents

How much will Section 8 pay for a two-bedroom in ZIP 23454?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 23454 in?

ZIP 23454 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 23454 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,970 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 29.9%.

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