FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
1.02ratio
FMR$2,460
Market$2,410
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.96ratio
FMR$2,900
Market$3,020
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.96
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 22402 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22402 (Fredericksburg, VA) is $1,930 a month. That is up 10.9% from $1,740 in FY 2026. Fredericksburg 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 5 ZIP codes in Fredericksburg City, 22402 is tied for the 4th-highest two-bedroom rent (county range $1,930–$2,230). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22402 is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22402
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,510
$1,670
+10.6%
$1,503–$1,837
1BR
$1,560
$1,740
+11.5%
$1,566–$1,914
2BR
$1,740
$1,930
+10.9%
$1,737–$2,123
3BR
$2,200
$2,460
+11.8%
$2,214–$2,706
4BR
$2,580
$2,900
+12.4%
$2,610–$3,190
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22402
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,670
$1,740
$1,930
$2,460
$2,900
FY 2026
$1,510
$1,560
$1,740
$2,200
$2,580
FY 2025
$1,530
$1,560
$1,760
$2,200
$2,600
FY 2024
$1,330
$1,350
$1,530
$1,900
$2,260
FY 2023
$1,170
$1,190
$1,350
$1,690
$2,010
Two-bedroom rent in nearby Fredericksburg City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22402?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 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 22402 in?
ZIP 22402 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 22402 for FY 2027?
The two-bedroom FMR rose 10.9%, from $1,740 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 43.0%.
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