FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 23168
0.78ratio
FMR$1,520
Market$1,950
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 23168
0.86ratio
FMR$1,700
Market$1,980
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 23168
1.03ratio
FMR$2,340
Market$2,270
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 23168
0.99ratio
FMR$2,760
Market$2,790
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Toano, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Toano, VA is $1,700 a month. That is up 4.3% from $1,630 in FY 2026. Toano is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Virginia is $1,262, so Toano is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Toano, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,420
$1,500
+5.6%
$1,350–$1,650
1BR
$1,440
$1,520
+5.6%
$1,368–$1,672
2BR
$1,630
$1,700
+4.3%
$1,530–$1,870
3BR
$2,260
$2,340
+3.5%
$2,106–$2,574
4BR
$2,660
$2,760
+3.8%
$2,484–$3,036
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Toano, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,520
$1,700
$2,340
$2,760
FY 2026
$1,420
$1,440
$1,630
$2,260
$2,660
FY 2025
$1,340
$1,350
$1,540
$2,140
$2,550
FY 2024
$1,220
$1,220
$1,420
$1,980
$2,410
FY 2023
$1,260
$1,280
$1,500
$2,100
$2,560
Questions about Toano, VA rents
How much will Section 8 pay for a two-bedroom in Toano, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 Toano, VA in?
Toano, VA is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Toano, VA for FY 2027?
The two-bedroom FMR rose 4.3%, from $1,630 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 13.3%.
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