FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 24129
1.05ratio
FMR$960
Market$910
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 24129
0.98ratio
FMR$1,180
Market$1,210
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 24129
1.03ratio
FMR$1,570
Market$1,520
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 24129
1.20ratio
FMR$1,920
Market$1,600
vs market+$320
FMR is above market; underwrite to market rent.
1.20
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 River, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New River, VA is $1,180 a month. That is up 6.3% from $1,110 in FY 2026. New River is in the Blacksburg-Christiansburg-Radford, 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 $1,340. The median county two-bedroom FMR in Virginia is $1,262, so New River is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New River, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$920
+9.5%
$828–$1,012
1BR
$890
$960
+7.9%
$864–$1,056
2BR
$1,110
$1,180
+6.3%
$1,062–$1,298
3BR
$1,490
$1,570
+5.4%
$1,413–$1,727
4BR
$1,870
$1,920
+2.7%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New River, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$960
$1,180
$1,570
$1,920
FY 2026
$840
$890
$1,110
$1,490
$1,870
FY 2025
$900
$900
$1,140
$1,550
$1,930
FY 2024
$750
$810
$950
$1,330
$1,620
FY 2023
$720
$750
$920
$1,290
$1,570
Questions about New River, VA rents
How much will Section 8 pay for a two-bedroom in New River, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,340, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,206 to $1,474 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 River, VA in?
New River, VA is in the Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,340.
How much did fair market rent change in New River, VA for FY 2027?
The two-bedroom FMR rose 6.3%, from $1,110 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 28.3%.
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