FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 25419
0.75ratio
FMR$920
Market$1,230
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 25419
0.67ratio
FMR$1,180
Market$1,760
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.67
3 BR
3 BR- 25419
0.81ratio
FMR$1,630
Market$2,010
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 25419
0.81ratio
FMR$1,860
Market$2,290
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.81
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
--
Falling Waters, WV fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Falling Waters, WV is $1,180 a month. That is unchanged from FY 2026. Falling Waters is in the Martinsburg, WV 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 $1,215. The median county two-bedroom FMR in West Virginia is $955, so Falling Waters is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Falling Waters, WV
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$860
+6.2%
$774–$946
1BR
$930
$920
−1.1%
$828–$1,012
2BR
$1,180
$1,180
0.0%
$1,062–$1,298
3BR
$1,630
$1,630
0.0%
$1,467–$1,793
4BR
$1,860
$1,860
0.0%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Falling Waters, WV
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$920
$1,180
$1,630
$1,860
FY 2026
$810
$930
$1,180
$1,630
$1,860
FY 2025
$820
$920
$1,160
$1,610
$1,950
FY 2024
$890
$890
$1,120
$1,530
$1,900
FY 2023
$870
$870
$1,090
$1,470
$1,860
Questions about Falling Waters, WV rents
How much will Section 8 pay for a two-bedroom in Falling Waters, WV?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,215, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,094 to $1,337 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 Falling Waters, WV in?
Falling Waters, WV is in the Martinsburg, WV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,215.
How much did fair market rent change in Falling Waters, WV for FY 2027?
The two-bedroom FMR was unchanged at $1,180 in FY 2027. Since FY 2023 it has risen 8.3%.
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