Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Greenwood, DE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Greenwood, DE is $1,580 a month. That is up 7.5% from $1,470 in FY 2026. Greenwood is in the Dover, DE 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 $1,629. The median county two-bedroom FMR in Delaware is $1,629, so Greenwood is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Greenwood, DE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,210
+7.1%
$1,089–$1,331
1BR
$1,140
$1,220
+7.0%
$1,098–$1,342
2BR
$1,470
$1,580
+7.5%
$1,422–$1,738
3BR
$1,900
$2,000
+5.3%
$1,800–$2,200
4BR
$2,290
$2,380
+3.9%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Greenwood, DE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,210
$1,220
$1,580
$2,000
$2,380
FY 2026
$1,130
$1,140
$1,470
$1,900
$2,290
FY 2025
$1,100
$1,130
$1,470
$1,900
$2,300
FY 2024
$960
$1,020
$1,320
$1,730
$2,080
FY 2023
$790
$860
$1,110
$1,480
$1,770
Questions about Greenwood, DE rents
How much will Section 8 pay for a two-bedroom in Greenwood, DE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,629, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,466 to $1,792 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 Greenwood, DE in?
Greenwood, DE is in the Dover, DE MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,629.
How much did fair market rent change in Greenwood, DE for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,470 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 42.3%.
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