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VA/Henrico County/Henrico

Henrico, VA

CitySAFMR
Henrico County
Found 10 ZIPs
Zillow

City Median Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310 – $1,810$1,250 – $1,820
1 BR$1,360 – $1,880$1,300 – $1,730
2 BR$1,490 – $2,050$1,560 – $1,970
3 BR$1,870 – $2,530$1,970 – $2,350
4 BR$2,300 – $3,100$2,310 – $2,850
5 BR$3,013Not available
6 BR$3,465Not available
7 BR$3,985Not available
8 BR$4,582Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
2
0.60-1.22
1 BR
2
2
0.62-1.22
2 BR
3
0.68-1.08
3 BR
2
2
0.78-1.12
4 BR
2
2
0.88-1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Henrico, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 10 ZIP codes in Henrico, VA ranges from $1,490 to $2,050 a month, with a median of $1,730. That is up 0.6% from $1,720 in FY 2026. Henrico is in the Richmond, VA 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 $1,651. The median county two-bedroom FMR in Virginia is $1,262, so Henrico is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Henrico, VA
BedroomsFY 2027Change90–110% range
Studio$1,530+2.0%$1,377–$1,683
1BR$1,590+1.3%$1,431–$1,749
2BR$1,730+0.6%$1,557–$1,903
3BR$2,140−0.5%$1,926–$2,354
4BR$2,620−1.1%$2,358–$2,882

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Henrico, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,530$1,590$1,730$2,140$2,620
FY 2026$1,500$1,570$1,720$2,150$2,650
FY 2025$1,540$1,600$1,770$2,240$2,770
FY 2024$1,370$1,410$1,580$2,020$2,470
FY 2023$1,200$1,220$1,380$1,780$2,170

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
23233$2,050+18.5%
23294$1,970+13.9%
23238$1,930+11.6%
23228$1,810+4.6%
23242$1,7300.0%
23255$1,7300.0%
23229$1,650−4.6%
23231$1,520−12.1%
23075$1,490−13.9%

Questions about Henrico, VA rents

How much will Section 8 pay for a two-bedroom in Henrico, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,651, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,486 to $1,816 a month; under the ZIP-level Small Area FMR of $1,730 it would be $1,557 to $1,903. 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 Henrico, VA in?

Henrico, VA is in the Richmond, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,651.

How much did fair market rent change in Henrico, VA for FY 2027?

The two-bedroom FMR rose 0.6%, from $1,720 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 25.4%.

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

County fair market rentVA statewide rentsWhat is SAFMR?Data sources