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Southampton County/Branchville/23828

23828

ZIPSAFMR
Southampton County, VA
Zillow

ZIP Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$860$860
1 BR$880$880
2 BR$1,030$1,030
3 BR$1,400$1,400
4 BR$1,720$1,720
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMRUsed$1,030
Market rentN/A
Est. payment standardN/A
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 23828 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23828 (Branchville, VA) is $1,030 a month. That is up 2.0% from $1,010 in FY 2026. Branchville is in the Southampton County-Franklin city, VA HUD Nonmetro FMR Area non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,032. Among 13 ZIP codes in Southampton County, 23828 is tied for the 9th-highest two-bedroom rent (county range $940–$1,370). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23828 is 18% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23828
BedroomsFY 2027Change90–110% range
Studio$860+8.9%$774–$946
1BR$880+11.4%$792–$968
2BR$1,030+2.0%$927–$1,133
3BR$1,400+4.5%$1,260–$1,540
4BR$1,720+1.8%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23828
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$880$1,030$1,400$1,720
FY 2026$790$790$1,010$1,340$1,690
FY 2025$810$810$1,050$1,370$1,750
FY 2024$890$900$1,040$1,320$1,740
FY 2023$680$690$810$1,060$1,380

Two-bedroom rent in nearby Southampton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23828
23827$1,040+1.0%
23828Current$1,030—
23829$940−8.7%
23837$1,070+3.9%
23844$990−3.9%
23847$1,000−2.9%
23851$1,110+7.8%
23866$1,370+33.0%
23867$1,050+1.9%
23874$1,0300.0%
23878$1,170+13.6%
23888$1,150+11.7%

Questions about ZIP 23828 rents

How much will Section 8 pay for a two-bedroom in ZIP 23828?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,032, which applies unless the housing authority uses Small Area FMRs, that basic range is $929 to $1,135 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 23828 in?

ZIP 23828 is in the Southampton County-Franklin city, VA HUD Nonmetro FMR Area non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,032.

How much did fair market rent change in ZIP 23828 for FY 2027?

The two-bedroom FMR rose 2.0%, from $1,010 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 27.2%.

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