FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 22974
0.85ratio
FMR$1,480
Market$1,750
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 22974
0.89ratio
FMR$1,660
Market$1,860
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 22974
0.96ratio
FMR$2,050
Market$2,130
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 22974
0.99ratio
FMR$2,480
Market$2,510
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
--
Troy, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Troy, VA is $1,660 a month. That is down 8.8% from $1,820 in FY 2026. Troy is in the Charlottesville, VA MSA. 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 $1,642. The median county two-bedroom FMR in Virginia is $1,262, so Troy is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Troy, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,300
−9.7%
$1,170–$1,430
1BR
$1,600
$1,480
−7.5%
$1,332–$1,628
2BR
$1,820
$1,660
−8.8%
$1,494–$1,826
3BR
$2,270
$2,050
−9.7%
$1,845–$2,255
4BR
$2,750
$2,480
−9.8%
$2,232–$2,728
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Troy, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,480
$1,660
$2,050
$2,480
FY 2026
$1,440
$1,600
$1,820
$2,270
$2,750
FY 2025
$1,380
$1,460
$1,690
$2,140
$2,570
FY 2024
$1,350
$1,370
$1,620
$2,050
$2,530
FY 2023
$1,240
$1,250
$1,490
$1,850
$2,300
Questions about Troy, VA rents
How much will Section 8 pay for a two-bedroom in Troy, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,642, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,478 to $1,806 a month; under the ZIP-level Small Area FMR of $1,660 it would be $1,494 to $1,826. 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 Troy, VA in?
Troy, VA is in the Charlottesville, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,642.
How much did fair market rent change in Troy, VA for FY 2027?
The two-bedroom FMR fell 8.8%, from $1,820 in FY 2026 to $1,660 in FY 2027. Since FY 2023 it has risen 11.4%.
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