Hampton City/Hampton/23669

23669

ZIPSAFMR

Hampton City, VA

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ZIP Investment Score

140High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,370	$1,200	6.0%
1 BR	$1,380	$1,230	6.3%
2 BR	$1,550	$1,490	5.0%
3 BR	$2,140	$2,030	4.6%
4 BR	$2,520	$2,420	3.5%
5 BR	$2,898	Not available	3.5%
6 BR	$3,333	Not available	3.5%
7 BR	$3,833	Not available	3.6%
8 BR	$4,407	Not available	3.5%

Purchase Price Calculator

Maximum purchase price

$159,497

Cost breakdown

+Likely effective rent$1,490

HUD FMR$1,550

Market rentUsed$1,490

Est. payment standard (97%)$1,510

-Principal and interest-$807

Loan amount$127,598

Down payment$31,899

Rate6.50%

Term30 years

-Operating costs-$483

Property taxes-$159

Insurance-$175

Utilities$0

HOA$0

Management-$149

=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

+$24,035(75.3% ROI)

Projected value

$171,761

Return breakdown

Property appreciation+$12,264

Loan principal paid down+$4,572

Rental cash flow+$7,200

5-year hold

+$41,111(128.9% ROI)

Projected value

$180,456

Return breakdown

Property appreciation+$20,959

Loan principal paid down+$8,152

Rental cash flow+$12,000

10-year hold

+$88,098(276.2% ROI)

Projected value

$204,170

Return breakdown

Property appreciation+$44,673

Loan principal paid down+$19,425

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.14ratio

FMR$1,370

Market$1,200

vs market+$170

FMR is above market; underwrite to market rent.

1.14

1 BR

1.12ratio

FMR$1,380

Market$1,230

vs market+$150

FMR is above market; underwrite to market rent.

1.12

2 BR

1.04ratio

FMR$1,550

Market$1,490

vs market+$60

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

1.04

3 BR

1.05ratio

FMR$2,140

Market$2,030

vs market+$110

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

1.05

4 BR

1.04ratio

FMR$2,520

Market$2,420

vs market+$100

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

1.04

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 23669 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23669 (Hampton, VA) is $1,550 a month. That is down 1.9% from $1,580 in FY 2026. Hampton 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 14 ZIP codes in Hampton City, 23669 is tied for the 7th-highest two-bedroom rent (county range $1,380–$2,230). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23669 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23669
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,380	$1,370	−0.7%	$1,233–$1,507
1BR	$1,390	$1,380	−0.7%	$1,242–$1,518
2BR	$1,580	$1,550	−1.9%	$1,395–$1,705
3BR	$2,190	$2,140	−2.3%	$1,926–$2,354
4BR	$2,580	$2,520	−2.3%	$2,268–$2,772

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23669
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,370	$1,380	$1,550	$2,140	$2,520
FY 2026	$1,380	$1,390	$1,580	$2,190	$2,580
FY 2025	$1,320	$1,330	$1,520	$2,120	$2,520
FY 2024	$1,150	$1,150	$1,340	$1,870	$2,270
FY 2023	$1,030	$1,050	$1,230	$1,720	$2,100

Two-bedroom rent in nearby Hampton City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 23669
23607	$1,390	−10.3%
23651	$2,140	+38.1%
23661	$1,420	−8.4%
23663	$1,500	−3.2%
23664	$1,520	−1.9%
23665	$2,230	+43.9%
23666	$1,840	+18.7%
23667	$1,570	+1.3%
23668	$1,550	0.0%
23669Current	$1,550	—
23670	$1,570	+1.3%
23681	$1,570	+1.3%

Questions about ZIP 23669 rents

How much will Section 8 pay for a two-bedroom in ZIP 23669?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 23669 in?

ZIP 23669 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 23669 for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,580 in FY 2026 to $1,550 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 rent Hampton, VA fair market rent VA statewide rents What is SAFMR?Data sources