FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 24441
0.74ratio
FMR$990
Market$1,330
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 24441
0.79ratio
FMR$1,190
Market$1,500
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 24441
0.98ratio
FMR$1,630
Market$1,670
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 24441
1.09ratio
FMR$1,920
Market$1,760
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.09
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
--
Grottoes, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grottoes, VA is $1,190 a month. That is down 6.3% from $1,270 in FY 2026. Grottoes is in the Harrisonburg, 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 $1,264. The median county two-bedroom FMR in Virginia is $1,262, so Grottoes is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grottoes, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$980
−5.8%
$882–$1,078
1BR
$1,050
$990
−5.7%
$891–$1,089
2BR
$1,270
$1,190
−6.3%
$1,071–$1,309
3BR
$1,730
$1,630
−5.8%
$1,467–$1,793
4BR
$2,090
$1,920
−8.1%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grottoes, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$990
$1,190
$1,630
$1,920
FY 2026
$1,040
$1,050
$1,270
$1,730
$2,090
FY 2025
$1,080
$1,080
$1,330
$1,820
$2,190
FY 2024
$950
$960
$1,190
$1,620
$2,000
FY 2023
$780
$780
$990
$1,340
$1,690
Questions about Grottoes, VA rents
How much will Section 8 pay for a two-bedroom in Grottoes, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,264, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,138 to $1,390 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 Grottoes, VA in?
Grottoes, VA is in the Harrisonburg, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,264.
How much did fair market rent change in Grottoes, VA for FY 2027?
The two-bedroom FMR fell 6.3%, from $1,270 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 20.2%.
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