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James City, VA

CountySAFMR
Found 6 ZIPs
Zillow

County Median Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$1,490 – $1,560$1,290 – $1,650
1 BR$1,520 – $1,580$1,390 – $1,670
2 BR$1,690 – $1,770$1,690 – $1,870
3 BR$2,150 – $2,440$2,110 – $2,290
4 BR$2,610 – $2,880$2,610 – $2,820
5 BR$3,220Not available
6 BR$3,703Not available
7 BR$4,258Not available
8 BR$4,897Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
1
1
0.76-1.18
1 BR
2
0.78-1.12
2 BR
2
0.86-0.98
3 BR
3
1.03-1.14
4 BR
2
2
0.99-1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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James City, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in James City, VA ranges from $1,690 to $1,770 a month, with a median of $1,720. That is down 1.7% from $1,750 in FY 2026. James City 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 James City is 36% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for James City, VA
BedroomsFY 2027Change90–110% range
Studio$1,5200.0%$1,368–$1,672
1BR$1,535−1.0%$1,382–$1,689
2BR$1,720−1.7%$1,548–$1,892
3BR$2,370−2.5%$2,133–$2,607
4BR$2,800−2.1%$2,520–$3,080

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for James City, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,535$1,720$2,370$2,800
FY 2026$1,520$1,550$1,750$2,430$2,860
FY 2025$1,500$1,505$1,725$2,400$2,860
FY 2024$1,310$1,320$1,530$2,130$2,595
FY 2023$1,180$1,200$1,400$1,960$2,380

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
23188$1,770+2.9%
23185$1,740+1.2%
23081$1,7200.0%
23127$1,7200.0%
23168$1,700−1.2%
23089$1,690−1.7%

Questions about James City, VA rents

How much will Section 8 pay for a two-bedroom in James City, VA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 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 James City, VA in?

James City, 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 James City, VA for FY 2027?

The two-bedroom FMR fell 1.7%, from $1,750 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 22.9%.

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