FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
1.04ratio
FMR$2,250
Market$2,160
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR
0.91ratio
FMR$2,490
Market$2,730
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR
0.93ratio
FMR$3,170
Market$3,400
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR
0.93ratio
FMR$3,740
Market$4,030
vs market-$290
FMR is near market; voucher and private rents are aligned.
0.93
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 22332 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22332 (Alexandria, VA) is $2,490 a month. That is up 8.3% from $2,300 in FY 2026. Alexandria 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 13 ZIP codes in Alexandria City, 22332 is tied for the 7th-highest two-bedroom rent (county range $2,310–$3,480). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22332 is 97% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22332
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,000
$2,160
+8.0%
$1,944–$2,376
1BR
$2,060
$2,250
+9.2%
$2,025–$2,475
2BR
$2,300
$2,490
+8.3%
$2,241–$2,739
3BR
$2,900
$3,170
+9.3%
$2,853–$3,487
4BR
$3,410
$3,740
+9.7%
$3,366–$4,114
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22332
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,160
$2,250
$2,490
$3,170
$3,740
FY 2026
$2,000
$2,060
$2,300
$2,900
$3,410
FY 2025
$2,060
$2,110
$2,370
$2,960
$3,500
FY 2024
$1,810
$1,840
$2,090
$2,600
$3,080
FY 2023
$1,620
$1,650
$1,880
$2,350
$2,800
Two-bedroom rent in nearby Alexandria City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22332?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,490, that basic range is $2,241 to $2,739 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 22332 in?
ZIP 22332 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 22332 for FY 2027?
The two-bedroom FMR rose 8.3%, from $2,300 in FY 2026 to $2,490 in FY 2027. Since FY 2023 it has risen 32.4%.
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