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Tazewell County/Bluefield/24605

24605

ZIPSAFMR
Tazewell County, VA
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$880$720
1 BR$890$740
2 BR$1,050$810
3 BR$1,290$1,020
4 BR$1,410$1,100
5 BR$1,621Not available
6 BR$1,865Not available
7 BR$2,144Not available
8 BR$2,466Not available

Purchase Price Calculator

Maximum purchase price
$58,449

Cost breakdown

+Likely effective rent$810
HUD FMR$1,050
Market rentUsed$810
Est. payment standard (90%)$950
-Principal and interest-$296
Loan amount$46,759
Down payment$11,690
Rate6.50%
Term30 years
-Operating costs-$314
Property taxes-$58
Insurance-$175
Utilities$0
HOA$0
Management-$81
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,369(114.4% ROI)
Projected value
$62,943
Return breakdown
Property appreciation+$4,494
Loan principal paid down+$1,675
Rental cash flow+$7,200
5-year hold
+$22,668(193.9% ROI)
Projected value
$66,130
Return breakdown
Property appreciation+$7,681
Loan principal paid down+$2,987
Rental cash flow+$12,000
10-year hold
+$47,489(406.2% ROI)
Projected value
$74,820
Return breakdown
Property appreciation+$16,371
Loan principal paid down+$7,119
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.20
2 BR
1.30
3 BR
1.26
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 24605 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24605 (Bluefield, VA) is $1,050 a month. That is up 2.9% from $1,020 in FY 2026. Bluefield is in the Tazewell County, VA non-metropolitan 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 county-wide two-bedroom FMR of $943. Among 19 ZIP codes in Tazewell County, 24605 is tied for the 3rd-highest two-bedroom rent (county range $940–$1,130). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24605 is 17% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 24605
BedroomsFY 2027Change90–110% range
Studio$880+8.6%$792–$968
1BR$890+8.5%$801–$979
2BR$1,050+2.9%$945–$1,155
3BR$1,290+5.7%$1,161–$1,419
4BR$1,410+0.7%$1,269–$1,551

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 24605
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$890$1,050$1,290$1,410
FY 2026$810$820$1,020$1,220$1,400
FY 2025$720$720$940$1,130$1,380
FY 2024area FMR$684$689$905$1,094$1,346
FY 2023area FMR$590$604$795$968$1,155

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Tazewell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 24605
24601$940−10.5%
24602$940−10.5%
24604$940−10.5%
24605Current$1,050—
24606$1,0500.0%
24609$970−7.6%
24612$950−9.5%
24613$1,030−1.9%
24622$1,130+7.6%
24630$940−10.5%
24635$1,070+1.9%
24637$960−8.6%

Questions about ZIP 24605 rents

How much will Section 8 pay for a two-bedroom in ZIP 24605?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $943, which applies unless the housing authority uses Small Area FMRs, that basic range is $849 to $1,037 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 24605 in?

ZIP 24605 is in the Tazewell County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $943.

How much did fair market rent change in ZIP 24605 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,020 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 11.7%.

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