24129

ZIPSAFMR

Radford City, VA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$920	$1,010	7.0%
1 BR	$960	$910	5.8%
2 BR	$1,180	$1,200	7.5%
3 BR	$1,570	$1,520	5.7%
4 BR	$1,920	$1,600	5.8%
5 BR	$2,208	Not available	5.8%
6 BR	$2,539	Not available	5.8%
7 BR	$2,920	Not available	5.8%
8 BR	$3,358	Not available	5.8%

Purchase Price Calculator

Maximum purchase price

$116,403

Cost breakdown

+Likely effective rent$1,200

HUD FMR$1,180

Market rent$1,210

Est. payment standard (102%)Used$1,200

-Principal and interest-$589

Loan amount$93,122

Down payment$23,281

Rate6.50%

Term30 years

-Operating costs-$411

Property taxes-$116

Insurance-$175

Utilities$0

HOA$0

Management-$120

=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

+$19,487(83.7% ROI)

Projected value

$125,353

Return breakdown

Property appreciation+$8,950

Loan principal paid down+$3,336

Rental cash flow+$7,200

5-year hold

+$33,246(142.8% ROI)

Projected value

$131,699

Return breakdown

Property appreciation+$15,296

Loan principal paid down+$5,950

Rental cash flow+$12,000

10-year hold

+$70,780(304.0% ROI)

Projected value

$149,006

Return breakdown

Property appreciation+$32,603

Loan principal paid down+$14,177

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.83ratio

FMR$920

Market$1,110

vs market-$190

FMR is below market; voucher rent may lag private rents.

0.83

1 BR

1.05ratio

FMR$960

Market$910

vs market+$50

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

1.05

2 BR

0.98ratio

FMR$1,180

Market$1,210

vs market-$30

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

0.98

3 BR

1.03ratio

FMR$1,570

Market$1,520

vs market+$50

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

1.03

4 BR

1.20ratio

FMR$1,920

Market$1,600

vs market+$320

FMR is above market; underwrite to market rent.

1.20

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 24129 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24129 (New River, VA) is $1,180 a month. That is up 6.3% from $1,110 in FY 2026. New River is in the Blacksburg-Christiansburg-Radford, 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 $1,340. Among 4 ZIP codes in Radford City, 24129 is tied for the 2nd-highest two-bedroom rent (county range $1,180–$1,310). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24129 is 6% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24129
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$840	$920	+9.5%	$828–$1,012
1BR	$890	$960	+7.9%	$864–$1,056
2BR	$1,110	$1,180	+6.3%	$1,062–$1,298
3BR	$1,490	$1,570	+5.4%	$1,413–$1,727
4BR	$1,870	$1,920	+2.7%	$1,728–$2,112

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24129
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$920	$960	$1,180	$1,570	$1,920
FY 2026	$840	$890	$1,110	$1,490	$1,870
FY 2025	$900	$900	$1,140	$1,550	$1,930
FY 2024	$750	$810	$950	$1,330	$1,620
FY 2023	$720	$750	$920	$1,290	$1,570

Two-bedroom rent in nearby Radford City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 24129
24073	$1,310	+11.0%
24129Current	$1,180	—
24141	$1,180	0.0%
24142	$1,180	0.0%

Questions about ZIP 24129 rents

How much will Section 8 pay for a two-bedroom in ZIP 24129?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,340, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,206 to $1,474 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 24129 in?

ZIP 24129 is in the Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,340.

How much did fair market rent change in ZIP 24129 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,110 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 28.3%.

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 New River, VA fair market rent VA statewide rents What is SAFMR?Data sources