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Botetourt County/Roanoke/24155

24155

ZIPFMR
Botetourt County, VA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,186$1,110
1 BR$1,250$1,190
2 BR$1,464$1,420
3 BR$2,022$1,920
4 BR$2,447$2,050
5 BR$2,814Not available
6 BR$3,236Not available
7 BR$3,722Not available
8 BR$4,280Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMR$1,464
Market rentUsed$1,420
Est. payment standard (98%)$1,440
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.05
2 BR
1.03
3 BR
1.05
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 24155 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 24155 (Roanoke, VA) is $1,464 a month. That is up 16.7% from $1,254 in FY 2026. Roanoke is in the Roanoke, VA HUD Metro FMR Area. The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24155 is 16% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24155
BedroomsFY 2027Change90–110% range
Studio$1,186+18.1%$1,067–$1,305
1BR$1,250+18.7%$1,125–$1,375
2BR$1,464+16.7%$1,318–$1,610
3BR$2,022+16.0%$1,820–$2,224
4BR$2,447+16.3%$2,202–$2,692

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24155
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,186$1,250$1,464$2,022$2,447
FY 2026$1,004$1,053$1,254$1,743$2,104
FY 2025$892$948$1,141$1,597$1,885
FY 2024$811$894$1,088$1,513$1,760
FY 2023$723$803$990$1,358$1,533

Questions about ZIP 24155 rents

How much will Section 8 pay for a two-bedroom in ZIP 24155?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,464, that basic range is $1,318 to $1,610 a month. 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 24155 in?

ZIP 24155 is in the Roanoke, VA HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 24155 for FY 2027?

The two-bedroom FMR rose 16.7%, from $1,254 in FY 2026 to $1,464 in FY 2027. Since FY 2023 it has risen 47.9%.

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 Fair Market Rents. 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 rentRoanoke, VA fair market rentVA statewide rentsWhat is SAFMR?Data sources