FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
0.95ratio
FMR$1,070
Market$1,130
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.96ratio
FMR$1,290
Market$1,350
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
0.97ratio
FMR$1,760
Market$1,820
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
1.03ratio
FMR$2,080
Market$2,010
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
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 22803 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22803 (Harrisonburg, VA) is $1,290 a month. That is down 3.7% from $1,340 in FY 2026. Harrisonburg is in the Harrisonburg, VA 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 $1,264. Among 4 ZIP codes in Harrisonburg City, 22803 has the 3rd-highest two-bedroom rent (county range $1,230–$1,460). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22803 is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22803
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,060
$1,060
0.0%
$954–$1,166
1BR
$1,070
$1,070
0.0%
$963–$1,177
2BR
$1,340
$1,290
−3.7%
$1,161–$1,419
3BR
$1,830
$1,760
−3.8%
$1,584–$1,936
4BR
$2,150
$2,080
−3.3%
$1,872–$2,288
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22803
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,070
$1,290
$1,760
$2,080
FY 2026
$1,060
$1,070
$1,340
$1,830
$2,150
FY 2025
$1,090
$1,100
$1,410
$1,910
$2,340
FY 2024
$930
$940
$1,220
$1,640
$2,070
FY 2023
$780
$790
$1,040
$1,380
$1,770
Two-bedroom rent in nearby Harrisonburg City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22803?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,264, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,138 to $1,390 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 22803 in?
ZIP 22803 is in the Harrisonburg, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,264.
How much did fair market rent change in ZIP 22803 for FY 2027?
The two-bedroom FMR fell 3.7%, from $1,340 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 24.0%.
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