FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 24416
0.91ratio
FMR$1,030
Market$1,130
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 24416
0.99ratio
FMR$1,120
Market$1,130
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR- 24416
1.27ratio
FMR$1,550
Market$1,220
vs market+$330
FMR is above market; underwrite to market rent.
1.27
4 BR
4 BR- 24416
1.38ratio
FMR$1,870
Market$1,360
vs market+$510
FMR is above market; underwrite to market rent.
1.38
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
--
Buena Vista City, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Buena Vista City, VA is $1,120 a month. That is up 7.7% from $1,040 in FY 2026. Buena Vista City is its own non-metropolitan 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 county-wide two-bedroom FMR of $1,057. The median county two-bedroom FMR in Virginia is $1,262, so Buena Vista City is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Buena Vista City, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$950
+5.6%
$855–$1,045
1BR
$950
$1,030
+8.4%
$927–$1,133
2BR
$1,040
$1,120
+7.7%
$1,008–$1,232
3BR
$1,450
$1,550
+6.9%
$1,395–$1,705
4BR
$1,740
$1,870
+7.5%
$1,683–$2,057
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Buena Vista City, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,030
$1,120
$1,550
$1,870
FY 2026
$900
$950
$1,040
$1,450
$1,740
FY 2025
$790
$820
$910
$1,280
$1,530
FY 2024area FMR
$772
$842
$945
$1,332
$1,466
FY 2023area FMR
$615
$735
$830
$1,172
$1,197
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Buena Vista City, VA rents
How much will Section 8 pay for a two-bedroom in Buena Vista City, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,057, which applies unless the housing authority uses Small Area FMRs, that basic range is $951 to $1,163 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 Buena Vista City, VA in?
Buena Vista City, VA is its own non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,057.
How much did fair market rent change in Buena Vista City, VA for FY 2027?
The two-bedroom FMR rose 7.7%, from $1,040 in FY 2026 to $1,120 in FY 2027. Since FY 2025 it has risen 23.1%.
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