FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 24450
0.79ratio
FMR$980
Market$1,240
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 24450
0.85ratio
FMR$1,130
Market$1,330
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 24450
0.91ratio
FMR$1,570
Market$1,730
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 24450
0.89ratio
FMR$1,900
Market$2,140
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.89
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
--
Lexington City, VA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lexington City, VA is $1,130 a month. That is up 8.7% from $1,040 in FY 2026. Lexington 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 Lexington City is 10% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lexington City, VA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$910
+1.1%
$819–$1,001
1BR
$950
$980
+3.2%
$882–$1,078
2BR
$1,040
$1,130
+8.7%
$1,017–$1,243
3BR
$1,450
$1,570
+8.3%
$1,413–$1,727
4BR
$1,740
$1,900
+9.2%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lexington City, VA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$980
$1,130
$1,570
$1,900
FY 2026
$900
$950
$1,040
$1,450
$1,740
FY 2025
$830
$870
$980
$1,370
$1,610
FY 2024
$790
$870
$1,060
$1,470
$1,710
FY 2023
$720
$800
$990
$1,360
$1,530
Questions about Lexington City, VA rents
How much will Section 8 pay for a two-bedroom in Lexington 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 $1,130 it would be $1,017 to $1,243. 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 Lexington City, VA in?
Lexington 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 Lexington City, VA for FY 2027?
The two-bedroom FMR rose 8.7%, from $1,040 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 14.1%.
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