FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 23124
0.63ratio
FMR$1,570
Market$2,490
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.63
2 BR
2 BR- 23124
0.72ratio
FMR$1,720
Market$2,400
vs market-$680
FMR is below market; voucher rent may lag private rents.
0.72
3 BR
3 BR- 23124
0.87ratio
FMR$2,130
Market$2,450
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 23124
0.96ratio
FMR$2,610
Market$2,720
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.96
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
--
New Kent, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Kent, VA is $1,720 a month. That is up 1.8% from $1,690 in FY 2026. New Kent 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 New Kent is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Kent, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,480
$1,510
+2.0%
$1,359–$1,661
1BR
$1,540
$1,570
+1.9%
$1,413–$1,727
2BR
$1,690
$1,720
+1.8%
$1,548–$1,892
3BR
$2,130
$2,130
0.0%
$1,917–$2,343
4BR
$2,620
$2,610
−0.4%
$2,349–$2,871
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Kent, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,570
$1,720
$2,130
$2,610
FY 2026
$1,480
$1,540
$1,690
$2,130
$2,620
FY 2025
$1,470
$1,530
$1,690
$2,150
$2,650
FY 2024
$1,260
$1,290
$1,450
$1,860
$2,280
FY 2023
$1,100
$1,120
$1,270
$1,650
$2,010
Questions about New Kent, VA rents
How much will Section 8 pay for a two-bedroom in New Kent, 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 $1,720 it would be $1,548 to $1,892. 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 New Kent, VA in?
New Kent, 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 New Kent, VA for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,690 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 35.4%.
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