FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
1.05ratio
FMR$1,460
Market$1,390
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR
1.09ratio
FMR$2,000
Market$1,840
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR
1.18ratio
FMR$2,350
Market$2,000
vs market+$350
FMR is above market; underwrite to market rent.
1.18
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 22807 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22807 (Harrisonburg, VA) is $1,460 a month. That is down 7.6% from $1,580 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, 22807 is tied for the highest two-bedroom rent (county range $1,230–$1,460). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22807 is 16% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22807
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,200
−4.0%
$1,080–$1,320
1BR
$1,260
$1,210
−4.0%
$1,089–$1,331
2BR
$1,580
$1,460
−7.6%
$1,314–$1,606
3BR
$2,150
$2,000
−7.0%
$1,800–$2,200
4BR
$2,540
$2,350
−7.5%
$2,115–$2,585
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22807
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,200
$1,210
$1,460
$2,000
$2,350
FY 2026
$1,250
$1,260
$1,580
$2,150
$2,540
FY 2025
$1,220
$1,230
$1,570
$2,120
$2,610
FY 2024
$1,030
$1,030
$1,340
$1,800
$2,270
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 22807?
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 $1,460 it would be $1,314 to $1,606. 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 22807 in?
ZIP 22807 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 22807 for FY 2027?
The two-bedroom FMR fell 7.6%, from $1,580 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 40.4%.
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