FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR- 22945
0.99ratio
FMR$1,540
Market$1,560
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 22945
0.86ratio
FMR$1,740
Market$2,020
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 22945
0.92ratio
FMR$2,120
Market$2,300
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 22945
0.71ratio
FMR$2,610
Market$3,660
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
0.71
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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Ivy, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ivy, VA is $1,740 a month. That is down 9.8% from $1,930 in FY 2026. Ivy is in the Charlottesville, 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 $1,642. The median county two-bedroom FMR in Virginia is $1,262, so Ivy is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ivy, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,350
−10.0%
$1,215–$1,485
1BR
$1,690
$1,540
−8.9%
$1,386–$1,694
2BR
$1,930
$1,740
−9.8%
$1,566–$1,914
3BR
$2,350
$2,120
−9.8%
$1,908–$2,332
4BR
$2,890
$2,610
−9.7%
$2,349–$2,871
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ivy, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,540
$1,740
$2,120
$2,610
FY 2026
$1,500
$1,690
$1,930
$2,350
$2,890
FY 2025
$1,490
$1,580
$1,840
$2,290
$2,790
FY 2024
$1,480
$1,500
$1,780
$2,240
$2,770
FY 2023
$1,230
$1,240
$1,480
$1,840
$2,280
Questions about Ivy, VA rents
How much will Section 8 pay for a two-bedroom in Ivy, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,642, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,478 to $1,806 a month; under the ZIP-level Small Area FMR of $1,740 it would be $1,566 to $1,914. 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 Ivy, VA in?
Ivy, VA is in the Charlottesville, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,642.
How much did fair market rent change in Ivy, VA for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,930 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 17.6%.
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