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VA/Henrico County/Richmond

Richmond, VA

CitySAFMR
Henrico County
Found 28 ZIPs
Zillow

City Median Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300 – $1,800$1,150 – $1,830
1 BR$1,360 – $1,870$1,230 – $1,880
2 BR$1,490 – $2,040$1,400 – $2,070
3 BR$1,870 – $2,520$1,870 – $2,530
4 BR$2,300 – $3,090$2,090 – $2,970
5 BR$2,806Not available
6 BR$3,227Not available
7 BR$3,711Not available
8 BR$4,268Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
9
0.84-1.28
1 BR
7
0.87-1.28
2 BR
11
0.81-1.09
3 BR
10
0.82-1.23
4 BR
9
0.92-1.27
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Richmond, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 28 ZIP codes in Richmond, VA ranges from $1,490 to $2,040 a month, with a median of $1,610. That is down 2.1% from $1,645 in FY 2026. Richmond 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 Richmond is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Richmond, VA
BedroomsFY 2027Change90–110% range
Studio$1,420−1.0%$1,278–$1,562
1BR$1,480−1.0%$1,332–$1,628
2BR$1,610−2.1%$1,449–$1,771
3BR$1,985−3.6%$1,787–$2,184
4BR$2,440−3.9%$2,196–$2,684

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Richmond, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,480$1,610$1,985$2,440
FY 2026$1,435$1,495$1,645$2,060$2,540
FY 2025$1,475$1,530$1,695$2,150$2,655
FY 2024$1,270$1,300$1,460$1,870$2,280
FY 2023$1,090$1,120$1,260$1,630$1,980

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
23226$2,040+26.7%
23236$2,020+25.5%
23220$1,980+23.0%
23221$1,930+19.9%
23235$1,900+18.0%
23284$1,850+14.9%
23230$1,840+14.3%
23297$1,810+12.4%
23173$1,790+11.2%
23219$1,750+8.7%
23298$1,750+8.7%
23250$1,730+7.5%
23225$1,630+1.2%
23218$1,590−1.2%
23232$1,590−1.2%
23241$1,590−1.2%
23260$1,590−1.2%
23261$1,590−1.2%
23286$1,590−1.2%
23293$1,590−1.2%
23223$1,550−3.7%
23237$1,550−3.7%
23227$1,540−4.3%
23234$1,520−5.6%

Showing the 24 highest of 26 ZIP codes.

Questions about Richmond, VA rents

How much will Section 8 pay for a two-bedroom in Richmond, 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 $1,610 it would be $1,449 to $1,771. 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 Richmond, VA in?

Richmond, 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 Richmond, VA for FY 2027?

The two-bedroom FMR fell 2.1%, from $1,645 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 27.8%.

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