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Staunton City/Verona/24482

24482

ZIPSAFMR
Staunton City, VA
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,210
1 BR$1,130$1,240
2 BR$1,290$1,380
3 BR$1,760$1,600
4 BR$1,930$1,740
5 BR$2,220Not available
6 BR$2,552Not available
7 BR$2,935Not available
8 BR$3,376Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMR$1,290
Market rent$1,430
Est. payment standard (107%)Used$1,380
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.84
2 BR
0.90
3 BR
1.10
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 24482 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24482 (Verona, VA) is $1,290 a month. That is up 0.8% from $1,280 in FY 2026. Verona is in the Staunton-Stuarts Draft, VA MSA. 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 $1,199. Among 3 ZIP codes in Staunton City, 24482 has the highest two-bedroom rent (county range $1,160–$1,290). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24482 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24482
BedroomsFY 2027Change90–110% range
Studio$1,120+1.8%$1,008–$1,232
1BR$1,130+1.8%$1,017–$1,243
2BR$1,290+0.8%$1,161–$1,419
3BR$1,7600.0%$1,584–$1,936
4BR$1,930−2.0%$1,737–$2,123

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24482
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,130$1,290$1,760$1,930
FY 2026$1,100$1,110$1,280$1,760$1,970
FY 2025$1,110$1,120$1,290$1,810$2,100
FY 2024$950$950$1,110$1,560$1,860
FY 2023$780$790$940$1,310$1,600

Two-bedroom rent in nearby Staunton City ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 24482
24401$1,220−5.4%
24402$1,160−10.1%
24482Current$1,290—

Questions about ZIP 24482 rents

How much will Section 8 pay for a two-bedroom in ZIP 24482?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,199, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,079 to $1,319 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 24482 in?

ZIP 24482 is in the Staunton-Stuarts Draft, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,199.

How much did fair market rent change in ZIP 24482 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,280 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 37.2%.

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