FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.90ratio
FMR$1,500
Market$1,670
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR
0.90ratio
FMR$1,710
Market$1,900
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR
0.81ratio
FMR$2,070
Market$2,560
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR
0.85ratio
FMR$2,550
Market$3,010
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.85
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 22904 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22904 (Charlottesville, VA) is $1,710 a month. That is down 9.5% from $1,890 in FY 2026. Charlottesville is in the Charlottesville, 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 $1,642. Among 27 ZIP codes in Albemarle County, 22904 is tied for the 11th-highest two-bedroom rent (county range $1,650–$1,940). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22904 is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22904
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,470
$1,330
−9.5%
$1,197–$1,463
1BR
$1,660
$1,500
−9.6%
$1,350–$1,650
2BR
$1,890
$1,710
−9.5%
$1,539–$1,881
3BR
$2,300
$2,070
−10.0%
$1,863–$2,277
4BR
$2,830
$2,550
−9.9%
$2,295–$2,805
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22904
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,500
$1,710
$2,070
$2,550
FY 2026
$1,470
$1,660
$1,890
$2,300
$2,830
FY 2025
$1,400
$1,480
$1,720
$2,140
$2,610
FY 2024
$1,420
$1,440
$1,710
$2,150
$2,660
FY 2023
$1,220
$1,230
$1,470
$1,830
$2,270
Two-bedroom rent in nearby Albemarle County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22904?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,642, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,478 to $1,806 a month; under the ZIP-level Small Area FMR of $1,710 it would be $1,539 to $1,881. 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 22904 in?
ZIP 22904 is in the Charlottesville, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,642.
How much did fair market rent change in ZIP 22904 for FY 2027?
The two-bedroom FMR fell 9.5%, from $1,890 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 16.3%.
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