FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 23062
0.88ratio
FMR$1,040
Market$1,180
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 23062
0.67ratio
FMR$1,170
Market$1,740
vs market-$570
FMR is below market; voucher rent may lag private rents.
0.67
3 BR
3 BR- 23062
0.70ratio
FMR$1,610
Market$2,300
vs market-$690
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 23062
0.67ratio
FMR$1,900
Market$2,820
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.67
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
--
Gloucester Point, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gloucester Point, VA is $1,170 a month. That is down 7.1% from $1,260 in FY 2026. Gloucester Point is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Virginia is $1,262, so Gloucester Point is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gloucester Point, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,030
−6.4%
$927–$1,133
1BR
$1,110
$1,040
−6.3%
$936–$1,144
2BR
$1,260
$1,170
−7.1%
$1,053–$1,287
3BR
$1,750
$1,610
−8.0%
$1,449–$1,771
4BR
$2,060
$1,900
−7.8%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gloucester Point, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,040
$1,170
$1,610
$1,900
FY 2026
$1,100
$1,110
$1,260
$1,750
$2,060
FY 2025
$1,160
$1,160
$1,350
$1,880
$2,280
FY 2024
$1,030
$1,030
$1,200
$1,680
$2,040
FY 2023
$960
$980
$1,140
$1,590
$1,940
Questions about Gloucester Point, VA rents
How much will Section 8 pay for a two-bedroom in Gloucester Point, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 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 Gloucester Point, VA in?
Gloucester Point, VA is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Gloucester Point, VA for FY 2027?
The two-bedroom FMR fell 7.1%, from $1,260 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 2.6%.
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