FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR- 24077
1.11ratio
FMR$1,680
Market$1,510
vs market+$170
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR- 24077
1.20ratio
FMR$2,320
Market$1,930
vs market+$390
FMR is above market; underwrite to market rent.
1.20
4 BR
4 BR- 24077
1.12ratio
FMR$2,810
Market$2,500
vs market+$310
FMR is above market; underwrite to market rent.
1.12
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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Cloverdale, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cloverdale, VA is $1,680 a month. That is up 16.7% from $1,440 in FY 2026. Cloverdale is in the Roanoke, VA HUD Metro 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 metro-wide two-bedroom FMR of $1,464. The median county two-bedroom FMR in Virginia is $1,262, so Cloverdale is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cloverdale, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,360
+18.3%
$1,224–$1,496
1BR
$1,210
$1,440
+19.0%
$1,296–$1,584
2BR
$1,440
$1,680
+16.7%
$1,512–$1,848
3BR
$2,010
$2,320
+15.4%
$2,088–$2,552
4BR
$2,420
$2,810
+16.1%
$2,529–$3,091
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cloverdale, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,440
$1,680
$2,320
$2,810
FY 2026
$1,150
$1,210
$1,440
$2,010
$2,420
FY 2025
$1,030
$1,090
$1,310
$1,840
$2,160
FY 2024
$900
$1,000
$1,210
$1,680
$1,960
FY 2023
$750
$830
$1,020
$1,400
$1,580
Questions about Cloverdale, VA rents
How much will Section 8 pay for a two-bedroom in Cloverdale, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,464, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,318 to $1,610 a month; under the ZIP-level Small Area FMR of $1,680 it would be $1,512 to $1,848. 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 Cloverdale, VA in?
Cloverdale, VA is in the Roanoke, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,464.
How much did fair market rent change in Cloverdale, VA for FY 2027?
The two-bedroom FMR rose 16.7%, from $1,440 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 64.7%.
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