FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
1.02ratio
FMR$1,720
Market$1,690
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR
0.90ratio
FMR$1,900
Market$2,120
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR
0.87ratio
FMR$2,420
Market$2,780
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.87ratio
FMR$2,850
Market$3,290
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.87
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
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ZIP 20188 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 20188 (Warrenton, VA) is $1,900 a month. That is up 8.6% from $1,750 in FY 2026. Warrenton 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 26 ZIP codes in Fauquier County, 20188 is tied for the 12th-highest two-bedroom rent (county range $1,310–$3,310). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 20188 is 51% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 20188
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,520
$1,650
+8.6%
$1,485–$1,815
1BR
$1,570
$1,720
+9.6%
$1,548–$1,892
2BR
$1,750
$1,900
+8.6%
$1,710–$2,090
3BR
$2,210
$2,420
+9.5%
$2,178–$2,662
4BR
$2,600
$2,850
+9.6%
$2,565–$3,135
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 20188
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,650
$1,720
$1,900
$2,420
$2,850
FY 2026
$1,520
$1,570
$1,750
$2,210
$2,600
FY 2025
$1,570
$1,600
$1,800
$2,250
$2,650
FY 2024
$1,380
$1,400
$1,590
$1,980
$2,340
FY 2023
$1,210
$1,230
$1,400
$1,750
$2,090
Two-bedroom rent in nearby Fauquier County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 20188?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,900, that basic range is $1,710 to $2,090 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 20188 in?
ZIP 20188 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 20188 for FY 2027?
The two-bedroom FMR rose 8.6%, from $1,750 in FY 2026 to $1,900 in FY 2027. Since FY 2023 it has risen 35.7%.
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