For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Paeonian Springs, VA is $2,760 a month. That is up 9.1% from $2,530 in FY 2026. Paeonian Springs is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Virginia is $1,262, so Paeonian Springs is 119% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Paeonian Springs, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,200
$2,390
+8.6%
$2,151–$2,629
1BR
$2,270
$2,500
+10.1%
$2,250–$2,750
2BR
$2,530
$2,760
+9.1%
$2,484–$3,036
3BR
$3,190
$3,520
+10.3%
$3,168–$3,872
4BR
$3,750
$4,140
+10.4%
$3,726–$4,554
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Paeonian Springs, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,390
$2,500
$2,760
$3,520
$4,140
FY 2026
$2,200
$2,270
$2,530
$3,190
$3,750
FY 2025
$2,230
$2,270
$2,560
$3,200
$3,780
FY 2024
$1,940
$1,970
$2,240
$2,790
$3,300
FY 2023
$1,570
$1,600
$1,820
$2,270
$2,710
Questions about Paeonian Springs, VA rents
How much will Section 8 pay for a two-bedroom in Paeonian Springs, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,760, that basic range is $2,484 to $3,036 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 Paeonian Springs, VA in?
Paeonian Springs, VA is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Paeonian Springs, VA for FY 2027?
The two-bedroom FMR rose 9.1%, from $2,530 in FY 2026 to $2,760 in FY 2027. Since FY 2023 it has risen 51.6%.
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