24093

ZIPSAFMR

Giles County, VA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$770	$770	0.4%
1 BR	$900	$900	2.7%
2 BR	$1,020	$1,020	3.1%
3 BR	$1,270	$1,270	1.6%
4 BR	$1,540	$1,540	6.6%
5 BR	$1,771	Not available	6.6%
6 BR	$2,037	Not available	6.6%
7 BR	$2,342	Not available	6.6%
8 BR	$2,693	Not available	6.6%

Purchase Price Calculator

Maximum purchase price

$89,655

Cost breakdown

+Likely effective rent$1,020

HUD FMRUsed$1,020

Market rentN/A

Est. payment standardN/A

-Principal and interest-$453

Loan amount$71,724

Down payment$17,931

Rate6.50%

Term30 years

-Operating costs-$367

Property taxes-$90

Insurance-$175

Utilities$0

HOA$0

Management-$102

=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

+$16,663(92.9% ROI)

Projected value

$96,549

Return breakdown

Property appreciation+$6,894

Loan principal paid down+$2,570

Rental cash flow+$7,200

5-year hold

+$28,364(158.2% ROI)

Projected value

$101,437

Return breakdown

Property appreciation+$11,781

Loan principal paid down+$4,582

Rental cash flow+$12,000

10-year hold

+$60,030(334.8% ROI)

Projected value

$114,766

Return breakdown

Property appreciation+$25,111

Loan principal paid down+$10,919

Rental cash flow+$24,000

Public Housing Authority

Rolodex

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: --

ZIP 24093 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24093 (Glen Lyn, VA) is $1,020 a month. That is up 4.1% from $980 in FY 2026. Glen Lyn is in the Giles County, VA HUD Metro 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 metro-wide two-bedroom FMR of $999. Among 10 ZIP codes in Giles County, 24093 is tied for the 4th-highest two-bedroom rent (county range $940–$1,150). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24093 is 19% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24093
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$720	$770	+6.9%	$693–$847
1BR	$860	$900	+4.7%	$810–$990
2BR	$980	$1,020	+4.1%	$918–$1,122
3BR	$1,220	$1,270	+4.1%	$1,143–$1,397
4BR	$1,560	$1,540	−1.3%	$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24093
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$770	$900	$1,020	$1,270	$1,540
FY 2026	$720	$860	$980	$1,220	$1,560
FY 2025	$690	$790	$930	$1,210	$1,420
FY 2024	$760	$830	$930	$1,210	$1,270
FY 2023	$670	$700	$790	$1,070	$1,100

Two-bedroom rent in nearby Giles County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 24093
24086	$1,020	0.0%
24093Current	$1,020	—
24124	$1,020	0.0%
24128	$1,150	+12.7%
24134	$1,070	+4.9%
24136	$940	−7.8%
24147	$1,020	0.0%
24150	$960	−5.9%
24167	$1,070	+4.9%
24315	$940	−7.8%

Questions about ZIP 24093 rents

How much will Section 8 pay for a two-bedroom in ZIP 24093?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $999, which applies unless the housing authority uses Small Area FMRs, that basic range is $899 to $1,099 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 24093 in?

ZIP 24093 is in the Giles County, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $999.

How much did fair market rent change in ZIP 24093 for FY 2027?

The two-bedroom FMR rose 4.1%, from $980 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 29.1%.

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 Glen Lyn, VA fair market rent VA statewide rents What is SAFMR?Data sources