Skip to main content
Loading page
Home/VA/Isle of Wight County

Isle of Wight County, VA

CountySAFMR
Found 12 ZIPs
Zillow

County Median Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$880 – $1,760$880 – $1,750
1 BR$890 – $1,780$890 – $1,710
2 BR$1,060 – $2,000$1,060 – $1,970
3 BR$1,420 – $2,760$1,420 – $2,250
4 BR$1,760 – $3,250$1,760 – $2,830
5 BR$2,662Not available
6 BR$3,062Not available
7 BR$3,521Not available
8 BR$4,049Not available

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
2
0.65-1.01
1 BR
1
1
1
1
0.81-1.04
2 BR
1
1
1
1
0.79-1.02
3 BR
1
1
1
1
0.88-1.27
4 BR
1
1
1
1
0.88-1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Isle of Wight County, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 12 ZIP codes in Isle of Wight County, VA ranges from $1,060 to $2,000 a month, with a median of $1,425. That is down 1.4% from $1,445 in FY 2026. Isle of Wight County 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 Isle of Wight County is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Isle of Wight County, VA
BedroomsFY 2027Change90–110% range
Studio$1,255−0.4%$1,130–$1,381
1BR$1,2750.0%$1,148–$1,403
2BR$1,425−1.4%$1,283–$1,568
3BR$1,965−1.8%$1,769–$2,162
4BR$2,315−1.9%$2,084–$2,547

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Isle of Wight County, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,255$1,275$1,425$1,965$2,315
FY 2026$1,260$1,275$1,445$2,000$2,360
FY 2025$1,270$1,275$1,460$2,030$2,420
FY 2024$1,100$1,115$1,295$1,810$2,200
FY 2023$1,030$1,050$1,225$1,695$2,090

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
23314$2,000+40.4%
23432$1,660+16.5%
23304$1,620+13.7%
23431$1,590+11.6%
23487$1,430+0.4%
23430$1,420−0.4%
23866$1,370−3.9%
23315$1,360−4.6%
23851$1,110−22.1%
23898$1,060−25.6%

Questions about Isle of Wight County, VA rents

How much will Section 8 pay for a two-bedroom in Isle of Wight County, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,425, that basic range is $1,283 to $1,568 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 Isle of Wight County, VA in?

Isle of Wight County, 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 Isle of Wight County, VA for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,445 in FY 2026 to $1,425 in FY 2027. Since FY 2023 it has risen 16.3%.

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

VA statewide rentsWhat is SAFMR?Data sources