FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR
0.88ratio
FMR$2,680
Market$3,060
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.96ratio
FMR$3,420
Market$3,560
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
0.91ratio
FMR$4,020
Market$4,420
vs market-$400
FMR is near market; voucher and private rents are aligned.
0.91
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 22040 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22040 (Falls Church, VA) is $2,680 a month. That is up 5.9% from $2,530 in FY 2026. Falls Church 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 7 ZIP codes in Falls Church City, 22040 has the 3rd-highest two-bedroom rent (county range $2,250–$2,820). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22040 is 112% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22040
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,200
$2,320
+5.5%
$2,088–$2,552
1BR
$2,270
$2,420
+6.6%
$2,178–$2,662
2BR
$2,530
$2,680
+5.9%
$2,412–$2,948
3BR
$3,190
$3,420
+7.2%
$3,078–$3,762
4BR
$3,750
$4,020
+7.2%
$3,618–$4,422
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22040
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,320
$2,420
$2,680
$3,420
$4,020
FY 2026
$2,200
$2,270
$2,530
$3,190
$3,750
FY 2025
$2,300
$2,350
$2,640
$3,300
$3,890
FY 2024
$2,010
$2,050
$2,320
$2,890
$3,420
FY 2023
$1,770
$1,800
$2,050
$2,560
$3,060
Two-bedroom rent in nearby Falls Church City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22040?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,680, that basic range is $2,412 to $2,948 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 22040 in?
ZIP 22040 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 22040 for FY 2027?
The two-bedroom FMR rose 5.9%, from $2,530 in FY 2026 to $2,680 in FY 2027. Since FY 2023 it has risen 30.7%.
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