FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 23860
0.98ratio
FMR$1,870
Market$1,900
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 23860
1.00ratio
FMR$2,300
Market$2,290
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
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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Hopewell City, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hopewell City, VA is $1,490 a month. That is down 3.2% from $1,540 in FY 2026. Hopewell City is in the Richmond, VA HUD Metro 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 metro-wide two-bedroom FMR of $1,651. The median county two-bedroom FMR in Virginia is $1,262, so Hopewell City is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hopewell City, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,340
$1,300
−3.0%
$1,170–$1,430
1BR
$1,400
$1,360
−2.9%
$1,224–$1,496
2BR
$1,540
$1,490
−3.2%
$1,341–$1,639
3BR
$1,950
$1,870
−4.1%
$1,683–$2,057
4BR
$2,410
$2,300
−4.6%
$2,070–$2,530
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hopewell City, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,360
$1,490
$1,870
$2,300
FY 2026
$1,340
$1,400
$1,540
$1,950
$2,410
FY 2025
$1,240
$1,290
$1,430
$1,810
$2,240
FY 2024
$1,110
$1,140
$1,280
$1,640
$2,000
FY 2023
$970
$990
$1,120
$1,450
$1,760
Questions about Hopewell City, VA rents
How much will Section 8 pay for a two-bedroom in Hopewell City, VA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,651, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,486 to $1,816 a month; under the ZIP-level Small Area FMR of $1,490 it would be $1,341 to $1,639. 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 Hopewell City, VA in?
Hopewell City, VA is in the Richmond, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,651.
How much did fair market rent change in Hopewell City, VA for FY 2027?
The two-bedroom FMR fell 3.2%, from $1,540 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 33.0%.
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