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Home/VA/Salem City

Salem City, VA

CountySAFMR
Found 3 ZIPs
Zillow

County Median Investment Score

117Above average

095130300
BRFMR
Eff. Rent
0 BR$1,180 – $1,380$1,040 – $1,130
1 BR$1,250 – $1,450$1,170 – $1,220
2 BR$1,460 – $1,700$1,370 – $1,440
3 BR$2,020 – $2,350$1,580 – $1,980
4 BR$2,440 – $2,840$1,720 – $2,360
5 BR$2,921Not available
6 BR$3,359Not available
7 BR$3,863Not available
8 BR$4,442Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
1.04-1.33
1 BR
1
1
1
1.02-1.24
2 BR
2
1.07-1.18
3 BR
1
1
1
1.10-1.28
4 BR
2
1.20-1.42
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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Salem City, VA fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 3 ZIP codes in Salem City, VA ranges from $1,460 to $1,700 a month, with a median of $1,520. That is up 8.6% from $1,400 in FY 2026. Salem City is in the Roanoke, 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 $1,464. The median county two-bedroom FMR in Virginia is $1,262, so Salem City is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Salem City, VA
BedroomsFY 2027Change90–110% range
Studio$1,230+9.8%$1,107–$1,353
1BR$1,300+10.2%$1,170–$1,430
2BR$1,520+8.6%$1,368–$1,672
3BR$2,100+7.7%$1,890–$2,310
4BR$2,540+8.1%$2,286–$2,794

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Salem City, VA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,300$1,520$2,100$2,540
FY 2026$1,120$1,180$1,400$1,950$2,350
FY 2025$960$1,020$1,230$1,720$2,030
FY 2024$890$980$1,190$1,660$1,920
FY 2023$800$890$1,100$1,510$1,700

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
24018$1,700+11.8%
24153$1,5200.0%
24017$1,460−3.9%

Questions about Salem City, VA rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,464, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,318 to $1,610 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 Salem City, VA in?

Salem City, VA is in the Roanoke, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,464.

How much did fair market rent change in Salem City, VA for FY 2027?

The two-bedroom FMR rose 8.6%, from $1,400 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 38.2%.

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