FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 24251
0.73ratio
FMR$770
Market$1,060
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 24251
0.83ratio
FMR$1,000
Market$1,210
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 24251
0.71ratio
FMR$1,250
Market$1,760
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.71
4 BR
4 BR- 24251
0.65ratio
FMR$1,340
Market$2,060
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.65
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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Gate City, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gate City, VA is $1,000 a month. That is up 6.4% from $940 in FY 2026. Gate City is in the Kingsport-Bristol, TN-VA MSA. 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 $1,091. The median county two-bedroom FMR in Virginia is $1,262, so Gate City is 21% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gate City, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$670
$690
+3.0%
$621–$759
1BR
$750
$770
+2.7%
$693–$847
2BR
$940
$1,000
+6.4%
$900–$1,100
3BR
$1,210
$1,250
+3.3%
$1,125–$1,375
4BR
$1,390
$1,340
−3.6%
$1,206–$1,474
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gate City, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$690
$770
$1,000
$1,250
$1,340
FY 2026
$670
$750
$940
$1,210
$1,390
FY 2025
$640
$710
$900
$1,160
$1,330
FY 2024
$680
$720
$910
$1,180
$1,330
FY 2023
$580
$630
$790
$1,040
$1,170
Questions about Gate City, VA rents
How much will Section 8 pay for a two-bedroom in Gate City, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 Gate City, VA in?
Gate City, VA is in the Kingsport-Bristol, TN-VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.
How much did fair market rent change in Gate City, VA for FY 2027?
The two-bedroom FMR rose 6.4%, from $940 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 26.6%.
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