FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.83ratio
FMR$1,450
Market$1,740
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.73ratio
FMR$1,650
Market$2,270
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.74ratio
FMR$2,000
Market$2,720
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR
0.71ratio
FMR$2,460
Market$3,470
vs market-$1,010
FMR is below market; voucher rent may lag private rents.
0.71
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 22908 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 22908 (Charlottesville, VA) is $1,650 a month. That is down 5.2% from $1,740 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, 22908 is tied for the 14th-highest two-bedroom rent (county range $1,650–$1,940). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 22908 is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 22908
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,360
$1,280
−5.9%
$1,152–$1,408
1BR
$1,530
$1,450
−5.2%
$1,305–$1,595
2BR
$1,740
$1,650
−5.2%
$1,485–$1,815
3BR
$2,120
$2,000
−5.7%
$1,800–$2,200
4BR
$2,600
$2,460
−5.4%
$2,214–$2,706
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 22908
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,280
$1,450
$1,650
$2,000
$2,460
FY 2026
$1,360
$1,530
$1,740
$2,120
$2,600
FY 2025area FMR
$1,404
$1,487
$1,729
$2,155
$2,621
FY 2024area FMR
$1,392
$1,415
$1,678
$2,114
$2,608
FY 2023area FMR
$1,165
$1,172
$1,401
$1,742
$2,159
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Albemarle County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 22908?
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 $1,650 it would be $1,485 to $1,815. 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 22908 in?
ZIP 22908 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 22908 for FY 2027?
The two-bedroom FMR fell 5.2%, from $1,740 in FY 2026 to $1,650 in FY 2027.
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