FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 22840
0.80ratio
FMR$1,410
Market$1,770
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 22840
0.90ratio
FMR$1,710
Market$1,890
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 22840
1.14ratio
FMR$2,340
Market$2,050
vs market+$290
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 22840
1.18ratio
FMR$2,750
Market$2,340
vs market+$410
FMR is above market; underwrite to market rent.
1.18
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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Mc Gaheysville, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mc Gaheysville, VA is $1,710 a month. That is down 10.0% from $1,900 in FY 2026. Mc Gaheysville 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 Mc Gaheysville is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mc Gaheysville, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,510
$1,400
−7.3%
$1,260–$1,540
1BR
$1,520
$1,410
−7.2%
$1,269–$1,551
2BR
$1,900
$1,710
−10.0%
$1,539–$1,881
3BR
$2,590
$2,340
−9.7%
$2,106–$2,574
4BR
$3,050
$2,750
−9.8%
$2,475–$3,025
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mc Gaheysville, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,400
$1,410
$1,710
$2,340
$2,750
FY 2026
$1,510
$1,520
$1,900
$2,590
$3,050
FY 2025
$1,540
$1,550
$1,980
$2,680
$3,290
FY 2024
$1,280
$1,290
$1,670
$2,250
$2,830
FY 2023
$1,060
$1,070
$1,410
$1,880
$2,400
Questions about Mc Gaheysville, VA rents
How much will Section 8 pay for a two-bedroom in Mc Gaheysville, 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 $1,710 it would be $1,539 to $1,881. 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 Mc Gaheysville, VA in?
Mc Gaheysville, 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 Mc Gaheysville, VA for FY 2027?
The two-bedroom FMR fell 10.0%, from $1,900 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 21.3%.
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