FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 22435
1.20ratio
FMR$1,500
Market$1,250
vs market+$250
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR- 22435
1.41ratio
FMR$1,850
Market$1,310
vs market+$540
FMR is above market; underwrite to market rent.
1.41
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
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Callao, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Callao, VA is $1,180 a month. That is down 5.6% from $1,250 in FY 2026. Callao is in the Northumberland 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 $1,382. The median county two-bedroom FMR in Virginia is $1,262, so Callao is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Callao, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$960
−5.0%
$864–$1,056
1BR
$1,020
$970
−4.9%
$873–$1,067
2BR
$1,250
$1,180
−5.6%
$1,062–$1,298
3BR
$1,500
$1,500
0.0%
$1,350–$1,650
4BR
$1,950
$1,850
−5.1%
$1,665–$2,035
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Callao, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$970
$1,180
$1,500
$1,850
FY 2026
$1,010
$1,020
$1,250
$1,500
$1,950
FY 2025
$890
$900
$1,120
$1,420
$1,760
FY 2024area FMR
$929
$935
$1,160
$1,403
$1,779
FY 2023area FMR
$753
$814
$1,015
$1,291
$1,528
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Callao, VA rents
How much will Section 8 pay for a two-bedroom in Callao, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,382, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,244 to $1,520 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 Callao, VA in?
Callao, VA is in the Northumberland County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,382.
How much did fair market rent change in Callao, VA for FY 2027?
The two-bedroom FMR fell 5.6%, from $1,250 in FY 2026 to $1,180 in FY 2027. Since FY 2025 it has risen 5.4%.
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