FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR- 23140
0.68ratio
FMR$1,530
Market$2,250
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.68
2 BR
2 BR- 23140
0.75ratio
FMR$1,670
Market$2,230
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 23140
0.93ratio
FMR$2,090
Market$2,250
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 23140
1.00ratio
FMR$2,570
Market$2,570
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
--
Providence Forge, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Providence Forge, VA is $1,670 a month. That is down 9.7% from $1,850 in FY 2026. Providence Forge 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 Providence Forge is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Providence Forge, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,610
$1,470
−8.7%
$1,323–$1,617
1BR
$1,680
$1,530
−8.9%
$1,377–$1,683
2BR
$1,850
$1,670
−9.7%
$1,503–$1,837
3BR
$2,320
$2,090
−9.9%
$1,881–$2,299
4BR
$2,850
$2,570
−9.8%
$2,313–$2,827
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Providence Forge, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,470
$1,530
$1,670
$2,090
$2,570
FY 2026
$1,610
$1,680
$1,850
$2,320
$2,850
FY 2025
$1,650
$1,720
$1,900
$2,410
$2,970
FY 2024
$1,050
$1,080
$1,210
$1,560
$1,910
FY 2023
$920
$940
$1,080
$1,410
$1,680
Questions about Providence Forge, VA rents
How much will Section 8 pay for a two-bedroom in Providence Forge, 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 $1,670 it would be $1,503 to $1,837. 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 Providence Forge, VA in?
Providence Forge, 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 Providence Forge, VA for FY 2027?
The two-bedroom FMR fell 9.7%, from $1,850 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 54.6%.
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