FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 25860
0.69ratio
FMR$760
Market$1,100
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 25860
0.88ratio
FMR$972
Market$1,110
vs market-$138
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 25860
1.04ratio
FMR$1,346
Market$1,300
vs market+$46
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 25860
0.82ratio
FMR$1,408
Market$1,720
vs market-$312
FMR is below market; voucher rent may lag private rents.
0.82
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
--
Lanark, WV fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Lanark, WV is $972 a month. That is up 3.0% from $944 in FY 2026. Lanark is in the Raleigh County, WV HUD Metro FMR Area. The median county two-bedroom FMR in West Virginia is $955, so Lanark is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lanark, WV
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$715
$755
+5.6%
$680–$831
1BR
$719
$760
+5.7%
$684–$836
2BR
$944
$972
+3.0%
$875–$1,069
3BR
$1,313
$1,346
+2.5%
$1,211–$1,481
4BR
$1,377
$1,408
+2.3%
$1,267–$1,549
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lanark, WV
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$755
$760
$972
$1,346
$1,408
FY 2026
$715
$719
$944
$1,313
$1,377
FY 2025
$709
$713
$936
$1,286
$1,394
FY 2024
$707
$711
$925
$1,304
$1,421
FY 2023
$663
$667
$824
$1,171
$1,344
Questions about Lanark, WV rents
How much will Section 8 pay for a two-bedroom in Lanark, WV?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $972, that basic range is $875 to $1,069 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 Lanark, WV in?
Lanark, WV is in the Raleigh County, WV HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in Lanark, WV for FY 2027?
The two-bedroom FMR rose 3.0%, from $944 in FY 2026 to $972 in FY 2027. Since FY 2023 it has risen 18.0%.
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 Fair Market Rents. 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