Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Big Stone Gap, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Big Stone Gap, VA is $1,000 a month. That is up 6.4% from $940 in FY 2026. Big Stone Gap is in the Wise County-Norton 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 Big Stone Gap is 21% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Big Stone Gap, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$760
+8.6%
$684–$836
1BR
$750
$760
+1.3%
$684–$836
2BR
$940
$1,000
+6.4%
$900–$1,100
3BR
$1,220
$1,330
+9.0%
$1,197–$1,463
4BR
$1,450
$1,530
+5.5%
$1,377–$1,683
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Big Stone Gap, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$760
$1,000
$1,330
$1,530
FY 2026
$700
$750
$940
$1,220
$1,450
FY 2025
$690
$700
$900
$1,190
$1,500
FY 2024
$680
$720
$910
$1,190
$1,340
FY 2023area FMR
$588
$655
$793
$1,091
$1,144
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Big Stone Gap, VA rents
How much will Section 8 pay for a two-bedroom in Big Stone Gap, 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 $1,000 it would be $900 to $1,100. 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 Big Stone Gap, VA in?
Big Stone Gap, VA is in the Wise County-Norton 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 Big Stone Gap, VA for FY 2027?
The two-bedroom FMR rose 6.4%, from $940 in FY 2026 to $1,000 in FY 2027. Since FY 2024 it has risen 9.9%.
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 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