FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 26566
0.89ratio
FMR$880
Market$990
vs market-$110
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 26566
0.89ratio
FMR$1,071
Market$1,200
vs market-$129
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 26566
1.02ratio
FMR$1,331
Market$1,310
vs market+$21
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 26566
1.30ratio
FMR$1,790
Market$1,380
vs market+$410
FMR is above market; underwrite to market rent.
1.30
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
--
Colfax, WV fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Colfax, WV is $1,071 a month. That is up 6.4% from $1,007 in FY 2026. Colfax is in the Marion County, WV non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in West Virginia is $955, so Colfax is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Colfax, WV
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$742
$782
+5.4%
$704–$860
1BR
$838
$880
+5.0%
$792–$968
2BR
$1,007
$1,071
+6.4%
$964–$1,178
3BR
$1,235
$1,331
+7.8%
$1,198–$1,464
4BR
$1,624
$1,790
+10.2%
$1,611–$1,969
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Colfax, WV
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$782
$880
$1,071
$1,331
$1,790
FY 2026
$742
$838
$1,007
$1,235
$1,624
FY 2025
$769
$819
$1,009
$1,223
$1,499
FY 2024
$807
$812
$1,001
$1,234
$1,437
FY 2023
$717
$721
$902
$1,119
$1,320
Questions about Colfax, WV rents
How much will Section 8 pay for a two-bedroom in Colfax, WV?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,071, that basic range is $964 to $1,178 a month. 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 Colfax, WV in?
Colfax, WV is in the Marion County, WV non-metropolitan FMR area.
How much did fair market rent change in Colfax, WV for FY 2027?
The two-bedroom FMR rose 6.4%, from $1,007 in FY 2026 to $1,071 in FY 2027. Since FY 2023 it has risen 18.7%.
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 Fair Market Rents. 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