FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR
0.94ratio
FMR$1,600
Market$1,700
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR
0.93ratio
FMR$1,790
Market$1,930
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR
1.08ratio
FMR$2,470
Market$2,280
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR
1.08ratio
FMR$2,910
Market$2,700
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.08
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 23326 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23326 (Chesapeake, VA) is $1,790 a month. That is down 2.7% from $1,840 in FY 2026. Chesapeake is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 13 ZIP codes in Chesapeake City, 23326 is tied for the 6th-highest two-bedroom rent (county range $1,420–$2,120). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23326 is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 23326
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,600
$1,580
−1.2%
$1,422–$1,738
1BR
$1,620
$1,600
−1.2%
$1,440–$1,760
2BR
$1,840
$1,790
−2.7%
$1,611–$1,969
3BR
$2,550
$2,470
−3.1%
$2,223–$2,717
4BR
$3,000
$2,910
−3.0%
$2,619–$3,201
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 23326
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,580
$1,600
$1,790
$2,470
$2,910
FY 2026
$1,600
$1,620
$1,840
$2,550
$3,000
FY 2025
$1,590
$1,600
$1,830
$2,550
$3,030
FY 2024
$1,390
$1,400
$1,620
$2,260
$2,750
FY 2023
$1,200
$1,220
$1,430
$2,000
$2,440
Two-bedroom rent in nearby Chesapeake City ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 23326?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,790, that basic range is $1,611 to $1,969 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 23326 in?
ZIP 23326 is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 23326 for FY 2027?
The two-bedroom FMR fell 2.7%, from $1,840 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 25.2%.
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