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Southampton County/Ivor/23866

23866

ZIPSAFMR
Southampton County, VA
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,170
1 BR$1,200$1,200
2 BR$1,370$1,370
3 BR$1,850$1,850
4 BR$2,270$2,270
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$141,665

Cost breakdown

+Likely effective rent$1,370
HUD FMRUsed$1,370
Market rentN/A
Est. payment standardN/A
-Principal and interest-$716
Loan amount$113,332
Down payment$28,333
Rate6.50%
Term30 years
-Operating costs-$454
Property taxes-$142
Insurance-$175
Utilities$0
HOA$0
Management-$137
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,153(78.2% ROI)
Projected value
$152,558
Return breakdown
Property appreciation+$10,893
Loan principal paid down+$4,060
Rental cash flow+$7,200
5-year hold
+$37,857(133.6% ROI)
Projected value
$160,281
Return breakdown
Property appreciation+$18,616
Loan principal paid down+$7,241
Rental cash flow+$12,000
10-year hold
+$80,932(285.6% ROI)
Projected value
$181,343
Return breakdown
Property appreciation+$39,678
Loan principal paid down+$17,254
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
--
Tax rate
--
Mortgage rate
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ZIP 23866 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23866 (Ivor, VA) is $1,370 a month. That is up 7.9% from $1,270 in FY 2026. Ivor 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, 23866 has the highest two-bedroom rent (county range $940–$1,370). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23866 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23866
BedroomsFY 2027Change90–110% range
Studio$1,170+13.6%$1,053–$1,287
1BR$1,200+16.5%$1,080–$1,320
2BR$1,370+7.9%$1,233–$1,507
3BR$1,850+10.1%$1,665–$2,035
4BR$2,270+7.1%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23866
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,200$1,370$1,850$2,270
FY 2026$1,030$1,030$1,270$1,680$2,120
FY 2025$990$990$1,250$1,640$2,100
FY 2024$920$920$1,070$1,390$1,820
FY 2023$790$800$940$1,320$1,620

Two-bedroom rent in nearby Southampton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23866
23828$1,030−24.8%
23829$940−31.4%
23837$1,070−21.9%
23844$990−27.7%
23847$1,000−27.0%
23851$1,110−19.0%
23866Current$1,370—
23867$1,050−23.4%
23874$1,030−24.8%
23878$1,170−14.6%
23888$1,150−16.1%
23898$1,060−22.6%

Questions about ZIP 23866 rents

How much will Section 8 pay for a two-bedroom in ZIP 23866?

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 $1,370 it would be $1,233 to $1,507. 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 23866 in?

ZIP 23866 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 23866 for FY 2027?

The two-bedroom FMR rose 7.9%, from $1,270 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 45.7%.

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