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Mecklenburg County/Clarksville/23927

23927

ZIPSAFMR
Mecklenburg County, VA
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$720$790
1 BR$720$790
2 BR$940$1,030
3 BR$1,250$1,380
4 BR$1,380$1,520
5 BR$1,587Not available
6 BR$1,825Not available
7 BR$2,099Not available
8 BR$2,414Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$940
Market rent$1,810
Est. payment standard (110%)Used$1,030
-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

Studio
0.43
1 BR
0.41
2 BR
0.52
3 BR
0.66
4 BR
0.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 23927 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23927 (Clarksville, VA) is $940 a month. That is up 3.3% from $910 in FY 2026. Clarksville is in the Mecklenburg County, VA 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 $960. Among 15 ZIP codes in Mecklenburg County, 23927 is tied for the 10th-highest two-bedroom rent (county range $940–$1,390). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23927 is 26% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 23927
BedroomsFY 2027Change90–110% range
Studio$720+4.3%$648–$792
1BR$720+2.9%$648–$792
2BR$940+3.3%$846–$1,034
3BR$1,250+5.0%$1,125–$1,375
4BR$1,380+7.0%$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 23927
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$720$940$1,250$1,380
FY 2026$690$700$910$1,190$1,290
FY 2025$640$650$850$1,100$1,250
FY 2024area FMR$696$701$921$1,209$1,227
FY 2023area FMR$606$662$817$1,088$1,098

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Mecklenburg County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 23927
23845$970+3.2%
23915$1,390+47.9%
23917$1,000+6.4%
23919$9400.0%
23920$1,120+19.1%
23924$9400.0%
23927Current$940—
23941$960+2.1%
23950$9400.0%
23964$9400.0%
23968$950+1.1%
23970$1,130+20.2%

Questions about ZIP 23927 rents

How much will Section 8 pay for a two-bedroom in ZIP 23927?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $960, which applies unless the housing authority uses Small Area FMRs, that basic range is $864 to $1,056 a month; under the ZIP-level Small Area FMR of $940 it would be $846 to $1,034. 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 23927 in?

ZIP 23927 is in the Mecklenburg County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $960.

How much did fair market rent change in ZIP 23927 for FY 2027?

The two-bedroom FMR rose 3.3%, from $910 in FY 2026 to $940 in FY 2027. Since FY 2025 it has risen 10.6%.

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