FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR
1.23ratio
FMR$3,520
Market$2,870
vs market+$650
FMR is above market; underwrite to market rent.
1.23
4 BR
4 BR
1.19ratio
FMR$4,140
Market$3,470
vs market+$670
FMR is above market; underwrite to market rent.
1.19
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
--
ZIP 20159 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20159 (Hamilton, VA) is $2,760 a month. That is up 9.1% from $2,530 in FY 2026. Hamilton is in the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 34 ZIP codes in Loudoun County, 20159 is tied for the 7th-highest two-bedroom rent (county range $1,610–$3,360). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20159 is 119% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20159
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,200
$2,390
+8.6%
$2,151–$2,629
1BR
$2,270
$2,500
+10.1%
$2,250–$2,750
2BR
$2,530
$2,760
+9.1%
$2,484–$3,036
3BR
$3,190
$3,520
+10.3%
$3,168–$3,872
4BR
$3,750
$4,140
+10.4%
$3,726–$4,554
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20159
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,390
$2,500
$2,760
$3,520
$4,140
FY 2026
$2,200
$2,270
$2,530
$3,190
$3,750
FY 2025
$2,230
$2,270
$2,560
$3,200
$3,780
FY 2024
$1,940
$1,970
$2,240
$2,790
$3,300
FY 2023
$1,720
$1,750
$1,990
$2,490
$2,970
Two-bedroom rent in nearby Loudoun County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20159?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,760, that basic range is $2,484 to $3,036 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 ZIP 20159 in?
ZIP 20159 is in the Washington-Arlington-Alexandria, DC-VA-MD 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 ZIP 20159 for FY 2027?
The two-bedroom FMR rose 9.1%, from $2,530 in FY 2026 to $2,760 in FY 2027. Since FY 2023 it has risen 38.7%.
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