Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Sparta, VA fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Sparta, VA is $1,244 a month. That is down 0.2% from $1,246 in FY 2026. Sparta is in the Caroline County, VA non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Virginia is $1,262, so Sparta is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sparta, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$859
$866
+0.8%
$779–$953
1BR
$1,021
$1,028
+0.7%
$925–$1,131
2BR
$1,246
$1,244
−0.2%
$1,120–$1,368
3BR
$1,733
$1,723
−0.6%
$1,551–$1,895
4BR
$2,090
$2,079
−0.5%
$1,871–$2,287
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sparta, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$866
$1,028
$1,244
$1,723
$2,079
FY 2026
$859
$1,021
$1,246
$1,733
$2,090
FY 2025
$901
$906
$1,119
$1,568
$1,859
FY 2024
$946
$952
$1,181
$1,664
$1,946
FY 2023
$805
$847
$1,056
$1,501
$1,664
Questions about Sparta, VA rents
How much will Section 8 pay for a two-bedroom in Sparta, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,244, that basic range is $1,120 to $1,368 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 Sparta, VA in?
Sparta, VA is in the Caroline County, VA non-metropolitan FMR area.
How much did fair market rent change in Sparta, VA for FY 2027?
The two-bedroom FMR fell 0.2%, from $1,246 in FY 2026 to $1,244 in FY 2027. Since FY 2023 it has risen 17.8%.
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 Fair Market Rents. 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