FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR- 23310
0.54ratio
FMR$760
Market$1,400
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.54
2 BR
2 BR- 23310
0.50ratio
FMR$990
Market$1,990
vs market-$1,000
FMR is below market; voucher rent may lag private rents.
0.50
3 BR
3 BR- 23310
0.64ratio
FMR$1,350
Market$2,100
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.64
4 BR
4 BR- 23310
0.76ratio
FMR$1,650
Market$2,180
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.76
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
--
Cape Charles, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cape Charles, VA is $990 a month. That is up 3.1% from $960 in FY 2026. Cape Charles is in the Northampton 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 $992. The median county two-bedroom FMR in Virginia is $1,262, so Cape Charles is 22% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cape Charles, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$730
$750
+2.7%
$675–$825
1BR
$730
$760
+4.1%
$684–$836
2BR
$960
$990
+3.1%
$891–$1,089
3BR
$1,340
$1,350
+0.7%
$1,215–$1,485
4BR
$1,610
$1,650
+2.5%
$1,485–$1,815
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cape Charles, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$760
$990
$1,350
$1,650
FY 2026
$730
$730
$960
$1,340
$1,610
FY 2025
$720
$720
$950
$1,320
$1,600
FY 2024area FMR
$709
$714
$938
$1,321
$1,592
FY 2023area FMR
$636
$660
$857
$1,178
$1,365
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Cape Charles, VA rents
How much will Section 8 pay for a two-bedroom in Cape Charles, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $992, which applies unless the housing authority uses Small Area FMRs, that basic range is $893 to $1,091 a month; under the ZIP-level Small Area FMR of $990 it would be $891 to $1,089. 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 Cape Charles, VA in?
Cape Charles, VA is in the Northampton County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $992.
How much did fair market rent change in Cape Charles, VA for FY 2027?
The two-bedroom FMR rose 3.1%, from $960 in FY 2026 to $990 in FY 2027. Since FY 2025 it has risen 4.2%.
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