FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 24064
0.67ratio
FMR$1,270
Market$1,900
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR- 24064
0.78ratio
FMR$1,480
Market$1,890
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 24064
0.98ratio
FMR$2,050
Market$2,100
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 24064
1.05ratio
FMR$2,410
Market$2,290
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Blue Ridge, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Blue Ridge, VA is $1,480 a month. That is up 5.7% from $1,400 in FY 2026. Blue Ridge is in the Lynchburg, 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 $1,117. The median county two-bedroom FMR in Virginia is $1,262, so Blue Ridge is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Blue Ridge, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,220
+6.1%
$1,098–$1,342
1BR
$1,190
$1,270
+6.7%
$1,143–$1,397
2BR
$1,400
$1,480
+5.7%
$1,332–$1,628
3BR
$1,940
$2,050
+5.7%
$1,845–$2,255
4BR
$2,260
$2,410
+6.6%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Blue Ridge, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,220
$1,270
$1,480
$2,050
$2,410
FY 2026
$1,150
$1,190
$1,400
$1,940
$2,260
FY 2025
$970
$1,010
$1,190
$1,660
$1,910
FY 2024
$780
$840
$990
$1,380
$1,570
FY 2023
$690
$750
$900
$1,230
$1,380
Questions about Blue Ridge, VA rents
How much will Section 8 pay for a two-bedroom in Blue Ridge, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,117, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,005 to $1,229 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 Blue Ridge, VA in?
Blue Ridge, VA is in the Lynchburg, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,117.
How much did fair market rent change in Blue Ridge, VA for FY 2027?
The two-bedroom FMR rose 5.7%, from $1,400 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 64.4%.
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