FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 24471
0.79ratio
FMR$1,020
Market$1,290
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 24471
0.82ratio
FMR$1,220
Market$1,480
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 24471
0.93ratio
FMR$1,670
Market$1,790
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 24471
0.97ratio
FMR$1,950
Market$2,020
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.97
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
--
Port Republic, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Port Republic, VA is $1,220 a month. That is down 9.0% from $1,340 in FY 2026. Port Republic 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 Port Republic is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Port Republic, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,010
−5.6%
$909–$1,111
1BR
$1,080
$1,020
−5.6%
$918–$1,122
2BR
$1,340
$1,220
−9.0%
$1,098–$1,342
3BR
$1,820
$1,670
−8.2%
$1,503–$1,837
4BR
$2,130
$1,950
−8.5%
$1,755–$2,145
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Port Republic, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,020
$1,220
$1,670
$1,950
FY 2026
$1,070
$1,080
$1,340
$1,820
$2,130
FY 2025
$1,100
$1,110
$1,400
$1,900
$2,310
FY 2024
$720
$720
$940
$1,260
$1,600
FY 2023
$650
$660
$860
$1,140
$1,470
Questions about Port Republic, VA rents
How much will Section 8 pay for a two-bedroom in Port Republic, 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 $1,220 it would be $1,098 to $1,342. 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 Port Republic, VA in?
Port Republic, 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 Port Republic, VA for FY 2027?
The two-bedroom FMR fell 9.0%, from $1,340 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 41.9%.
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