FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR
1.02ratio
FMR$1,310
Market$1,290
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR
1.08ratio
FMR$1,670
Market$1,550
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR
1.09ratio
FMR$2,100
Market$1,930
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR
1.19ratio
FMR$2,790
Market$2,350
vs market+$440
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
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ZIP 22601 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22601 (Winchester, VA) is $1,670 a month. That is down 3.5% from $1,730 in FY 2026. Winchester is in the Winchester, VA-WV MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,505. Among 12 ZIP codes in Frederick County, 22601 has the 3rd-highest two-bedroom rent (county range $1,420–$2,260). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22601 is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22601
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,180
−5.6%
$1,062–$1,298
1BR
$1,380
$1,310
−5.1%
$1,179–$1,441
2BR
$1,730
$1,670
−3.5%
$1,503–$1,837
3BR
$2,160
$2,100
−2.8%
$1,890–$2,310
4BR
$2,900
$2,790
−3.8%
$2,511–$3,069
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22601
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,180
$1,310
$1,670
$2,100
$2,790
FY 2026
$1,250
$1,380
$1,730
$2,160
$2,900
FY 2025
$1,150
$1,320
$1,650
$2,050
$2,770
FY 2024
$1,020
$1,150
$1,450
$1,810
$2,450
FY 2023
$900
$980
$1,250
$1,580
$2,080
Two-bedroom rent in nearby Frederick County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22601?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,505, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,355 to $1,656 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 22601 in?
ZIP 22601 is in the Winchester, VA-WV MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,505.
How much did fair market rent change in ZIP 22601 for FY 2027?
The two-bedroom FMR fell 3.5%, from $1,730 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 33.6%.
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