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Pulaski County/Draper/24324

24324

ZIPSAFMR
Pulaski County, VA
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$790$870
1 BR$880$970
2 BR$970$1,070
3 BR$1,310$1,340
4 BR$1,570$1,370
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$970
Market rent$1,200
Est. payment standard (110%)Used$1,070
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.79
2 BR
0.81
3 BR
0.97
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 24324 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24324 (Draper, VA) is $970 a month. That is up 4.3% from $930 in FY 2026. Draper is in the Pulaski 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 $952. Among 9 ZIP codes in Pulaski County, 24324 has the 6th-highest two-bedroom rent (county range $950–$1,240). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24324 is 23% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24324
BedroomsFY 2027Change90–110% range
Studio$790+8.2%$711–$869
1BR$880+7.3%$792–$968
2BR$970+4.3%$873–$1,067
3BR$1,310+4.8%$1,179–$1,441
4BR$1,570+0.6%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24324
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$880$970$1,310$1,570
FY 2026$730$820$930$1,250$1,560
FY 2025$700$760$890$1,190$1,500
FY 2024$760$830$930$1,280$1,580
FY 2023$690$730$820$1,140$1,400

Two-bedroom rent in nearby Pulaski County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 24324
24058$1,240+27.8%
24084$960−1.0%
24126$950−2.1%
24132$1,120+15.5%
24141$1,180+21.6%
24301$950−2.1%
24313$980+1.0%
24324Current$970—
24347$1,150+18.6%

Questions about ZIP 24324 rents

How much will Section 8 pay for a two-bedroom in ZIP 24324?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $952, which applies unless the housing authority uses Small Area FMRs, that basic range is $857 to $1,047 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 24324 in?

ZIP 24324 is in the Pulaski County, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $952.

How much did fair market rent change in ZIP 24324 for FY 2027?

The two-bedroom FMR rose 4.3%, from $930 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 18.3%.

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