FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 24055
0.90ratio
FMR$940
Market$1,050
vs market-$110
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR- 24055
1.07ratio
FMR$1,190
Market$1,110
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 24055
1.22ratio
FMR$1,430
Market$1,170
vs market+$260
FMR is above market; underwrite to market rent.
1.22
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
--
Bassett, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bassett, VA is $940 a month. That is up 3.3% from $910 in FY 2026. Bassett is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area 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. The median county two-bedroom FMR in Virginia is $1,262, so Bassett is 26% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bassett, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$770
+2.7%
$693–$847
1BR
$760
$780
+2.6%
$702–$858
2BR
$910
$940
+3.3%
$846–$1,034
3BR
$1,110
$1,190
+7.2%
$1,071–$1,309
4BR
$1,320
$1,430
+8.3%
$1,287–$1,573
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bassett, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$780
$940
$1,190
$1,430
FY 2026
$750
$760
$910
$1,110
$1,320
FY 2025
$680
$700
$850
$1,060
$1,250
FY 2024
$690
$770
$910
$1,170
$1,330
FY 2023
$590
$600
$790
$970
$1,080
Questions about Bassett, VA rents
How much will Section 8 pay for a two-bedroom in Bassett, VA?
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 $940 it would be $846 to $1,034. 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 Bassett, VA in?
Bassett, VA is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area 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 Bassett, VA for FY 2027?
The two-bedroom FMR rose 3.3%, from $910 in FY 2026 to $940 in FY 2027. Since FY 2023 it has risen 19.0%.
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