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VA/Portsmouth City/Portsmouth

Portsmouth, VA

CitySAFMR
Portsmouth City
Found 8 ZIPs
Zillow

City Median Investment Score

139High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,160 – $1,410$1,090 – $1,360
1 BR$1,180 – $1,420$1,100 – $1,410
2 BR$1,320 – $1,590$1,300 – $1,690
3 BR$1,820 – $2,200$1,890 – $2,030
4 BR$2,150 – $2,590$2,230 – $2,630
5 BR$2,846Not available
6 BR$3,273Not available
7 BR$3,764Not available
8 BR$4,329Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
3
0.89-1.21
1 BR
2
2
0.95-1.24
2 BR
3
0.90-1.17
3 BR
2
2
2
0.94-1.11
4 BR
2
0.88-1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Portsmouth, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 8 ZIP codes in Portsmouth, VA ranges from $1,320 to $1,590 a month, with a median of $1,520. That is down 4.1% from $1,585 in FY 2026. Portsmouth is in the Virginia Beach-Norfolk-Newport News, VA-NC 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 Portsmouth is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Portsmouth, VA
BedroomsFY 2027Change90–110% range
Studio$1,340−2.9%$1,206–$1,474
1BR$1,360−2.5%$1,224–$1,496
2BR$1,520−4.1%$1,368–$1,672
3BR$2,100−4.3%$1,890–$2,310
4BR$2,475−4.3%$2,228–$2,723

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Portsmouth, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,360$1,520$2,100$2,475
FY 2026$1,380$1,395$1,585$2,195$2,585
FY 2025$1,350$1,360$1,550$2,160$2,570
FY 2024$1,150$1,155$1,340$1,865$2,275
FY 2023$1,015$1,030$1,205$1,685$2,050

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
23703$1,590+4.6%
23708$1,590+4.6%
23704$1,560+2.6%
23701$1,5200.0%
23709$1,5200.0%
23705$1,500−1.3%
23702$1,430−5.9%
23707$1,320−13.2%

Questions about Portsmouth, VA rents

How much will Section 8 pay for a two-bedroom in Portsmouth, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,520, that basic range is $1,368 to $1,672 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 Portsmouth, VA in?

Portsmouth, VA is in the Virginia Beach-Norfolk-Newport News, VA-NC 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 Portsmouth, VA for FY 2027?

The two-bedroom FMR fell 4.1%, from $1,585 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 26.1%.

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

County fair market rentVA statewide rentsWhat is SAFMR?Data sources