FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 25443
0.87ratio
FMR$990
Market$1,140
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 25443
0.90ratio
FMR$1,290
Market$1,440
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR- 25443
0.95ratio
FMR$1,770
Market$1,860
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 25443
0.97ratio
FMR$2,160
Market$2,230
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
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Shepherdstown, WV fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Shepherdstown, WV is $1,290 a month. That is up 4.0% from $1,240 in FY 2026. Shepherdstown is in the Martinsburg, WV 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 $1,215. The median county two-bedroom FMR in West Virginia is $955, so Shepherdstown is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Shepherdstown, WV
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$980
+5.4%
$882–$1,078
1BR
$940
$990
+5.3%
$891–$1,089
2BR
$1,240
$1,290
+4.0%
$1,161–$1,419
3BR
$1,720
$1,770
+2.9%
$1,593–$1,947
4BR
$2,070
$2,160
+4.3%
$1,944–$2,376
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Shepherdstown, WV
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$990
$1,290
$1,770
$2,160
FY 2026
$930
$940
$1,240
$1,720
$2,070
FY 2025
$960
$970
$1,270
$1,770
$2,130
FY 2024
$880
$890
$1,160
$1,640
$1,970
FY 2023
$850
$860
$1,050
$1,500
$1,800
Questions about Shepherdstown, WV rents
How much will Section 8 pay for a two-bedroom in Shepherdstown, WV?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,215, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,094 to $1,337 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 Shepherdstown, WV in?
Shepherdstown, WV is in the Martinsburg, WV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,215.
How much did fair market rent change in Shepherdstown, WV for FY 2027?
The two-bedroom FMR rose 4.0%, from $1,240 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 22.9%.
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