FMR is below market; voucher rent may lag private rents.
0.54
1 BR
1 BR- 22538
0.62ratio
FMR$1,250
Market$2,030
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR- 22538
0.66ratio
FMR$1,470
Market$2,220
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR- 22538
0.84ratio
FMR$2,010
Market$2,400
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 22538
0.95ratio
FMR$2,410
Market$2,530
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Rappahannock Academy, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rappahannock Academy, VA is $1,470 a month. That is up 4.3% from $1,410 in FY 2026. Rappahannock Academy is in the Caroline County, VA non-metropolitan 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 county-wide two-bedroom FMR of $1,244. The median county two-bedroom FMR in Virginia is $1,262, so Rappahannock Academy is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rappahannock Academy, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,140
+4.6%
$1,026–$1,254
1BR
$1,180
$1,250
+5.9%
$1,125–$1,375
2BR
$1,410
$1,470
+4.3%
$1,323–$1,617
3BR
$1,920
$2,010
+4.7%
$1,809–$2,211
4BR
$2,300
$2,410
+4.8%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rappahannock Academy, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,250
$1,470
$2,010
$2,410
FY 2026
$1,090
$1,180
$1,410
$1,920
$2,300
FY 2025
$1,050
$1,060
$1,290
$1,760
$2,090
FY 2024area FMR
$946
$952
$1,181
$1,664
$1,946
FY 2023area FMR
$805
$847
$1,056
$1,501
$1,664
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Rappahannock Academy, VA rents
How much will Section 8 pay for a two-bedroom in Rappahannock Academy, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,244, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,120 to $1,368 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 Rappahannock Academy, VA in?
Rappahannock Academy, VA is in the Caroline County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,244.
How much did fair market rent change in Rappahannock Academy, VA for FY 2027?
The two-bedroom FMR rose 4.3%, from $1,410 in FY 2026 to $1,470 in FY 2027. Since FY 2025 it has risen 14.0%.
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