Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 23031 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 23031 (Christchurch, VA) is $1,259 a month. That is down 2.5% from $1,291 in FY 2026. Christchurch is in the Middlesex County, VA non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 23031
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,052
$1,034
−1.7%
$931–$1,137
1BR
$1,058
$1,041
−1.6%
$937–$1,145
2BR
$1,291
$1,259
−2.5%
$1,133–$1,385
3BR
$1,548
$1,500
−3.1%
$1,350–$1,650
4BR
$2,018
$1,949
−3.4%
$1,754–$2,144
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 23031
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,034
$1,041
$1,259
$1,500
$1,949
FY 2026
$1,052
$1,058
$1,291
$1,548
$2,018
FY 2025
$959
$965
$1,192
$1,436
$1,864
FY 2024
$909
$915
$1,202
$1,453
$1,844
FY 2023
$777
$796
$1,048
$1,275
$1,577
Questions about ZIP 23031 rents
How much will Section 8 pay for a two-bedroom in ZIP 23031?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,259, that basic range is $1,133 to $1,385 a month. 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 23031 in?
ZIP 23031 is in the Middlesex County, VA non-metropolitan FMR area.
How much did fair market rent change in ZIP 23031 for FY 2027?
The two-bedroom FMR fell 2.5%, from $1,291 in FY 2026 to $1,259 in FY 2027. Since FY 2023 it has risen 20.1%.
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 Fair Market Rents. 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