FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 20197
1.33ratio
FMR$3,800
Market$2,850
vs market+$950
FMR is above market; underwrite to market rent.
1.33
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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Waterford, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waterford, VA is $2,530 a month. That is up 10.0% from $2,300 in FY 2026. Waterford is in the Washington-Arlington-Alexandria, DC-VA-MD 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 Waterford is 100% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waterford, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,000
$2,190
+9.5%
$1,971–$2,409
1BR
$2,070
$2,290
+10.6%
$2,061–$2,519
2BR
$2,300
$2,530
+10.0%
$2,277–$2,783
3BR
$2,910
$3,230
+11.0%
$2,907–$3,553
4BR
$3,420
$3,800
+11.1%
$3,420–$4,180
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waterford, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,190
$2,290
$2,530
$3,230
$3,800
FY 2026
$2,000
$2,070
$2,300
$2,910
$3,420
FY 2025
$2,040
$2,080
$2,340
$2,930
$3,460
FY 2024
$1,740
$1,770
$2,010
$2,510
$2,970
FY 2023
$1,550
$1,570
$1,790
$2,230
$2,670
Questions about Waterford, VA rents
How much will Section 8 pay for a two-bedroom in Waterford, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,530, that basic range is $2,277 to $2,783 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 Waterford, VA in?
Waterford, VA is in the Washington-Arlington-Alexandria, DC-VA-MD 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 Waterford, VA for FY 2027?
The two-bedroom FMR rose 10.0%, from $2,300 in FY 2026 to $2,530 in FY 2027. Since FY 2023 it has risen 41.3%.
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