FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 22815
0.73ratio
FMR$960
Market$1,310
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 22815
0.73ratio
FMR$1,190
Market$1,620
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR- 22815
0.91ratio
FMR$1,630
Market$1,800
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 22815
0.97ratio
FMR$1,920
Market$1,970
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
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
--
Broadway, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Broadway, VA is $1,190 a month. That is down 5.6% from $1,260 in FY 2026. Broadway is in the Harrisonburg, 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 $1,264. The median county two-bedroom FMR in Virginia is $1,262, so Broadway is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Broadway, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$950
−3.1%
$855–$1,045
1BR
$980
$960
−2.0%
$864–$1,056
2BR
$1,260
$1,190
−5.6%
$1,071–$1,309
3BR
$1,700
$1,630
−4.1%
$1,467–$1,793
4BR
$2,090
$1,920
−8.1%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Broadway, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$960
$1,190
$1,630
$1,920
FY 2026
$980
$980
$1,260
$1,700
$2,090
FY 2025
$900
$910
$1,160
$1,570
$1,920
FY 2024
$790
$790
$1,030
$1,390
$1,750
FY 2023
$690
$690
$910
$1,210
$1,550
Questions about Broadway, VA rents
How much will Section 8 pay for a two-bedroom in Broadway, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,264, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,138 to $1,390 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 Broadway, VA in?
Broadway, VA is in the Harrisonburg, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,264.
How much did fair market rent change in Broadway, VA for FY 2027?
The two-bedroom FMR fell 5.6%, from $1,260 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 30.8%.
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