FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR- 24112
0.88ratio
FMR$800
Market$910
vs market-$110
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 24112
1.04ratio
FMR$980
Market$940
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 24112
0.98ratio
FMR$1,190
Market$1,220
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 24112
0.95ratio
FMR$1,430
Market$1,510
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Martinsville, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Martinsville, VA is $980 a month. That is up 3.2% from $950 in FY 2026. Martinsville is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area non-metropolitan 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 county-wide two-bedroom FMR of $943. The median county two-bedroom FMR in Virginia is $1,262, so Martinsville is 22% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Martinsville, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$800
+2.6%
$720–$880
1BR
$780
$800
+2.6%
$720–$880
2BR
$950
$980
+3.2%
$882–$1,078
3BR
$1,140
$1,190
+4.4%
$1,071–$1,309
4BR
$1,340
$1,430
+6.7%
$1,287–$1,573
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Martinsville, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$800
$980
$1,190
$1,430
FY 2026
$780
$780
$950
$1,140
$1,340
FY 2025
$700
$700
$880
$1,060
$1,260
FY 2024
$690
$770
$910
$1,170
$1,330
FY 2023
$610
$620
$810
$990
$1,110
Questions about Martinsville, VA rents
How much will Section 8 pay for a two-bedroom in Martinsville, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $943, which applies unless the housing authority uses Small Area FMRs, that basic range is $849 to $1,037 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 Martinsville, VA in?
Martinsville, VA is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $943.
How much did fair market rent change in Martinsville, VA for FY 2027?
The two-bedroom FMR rose 3.2%, from $950 in FY 2026 to $980 in FY 2027. Since FY 2023 it has risen 21.0%.
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 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