23702
ZIPSAFMR
Chesapeake County, VA
BRFMR
Eff. Rent
0 BR$1,290$1,170
1 BR$1,310$1,310
2 BR$1,480$1,470
3 BR$2,050$1,950
4 BR$2,420$2,420
5 BR$2,783
6 BR$3,200
7 BR$3,681
8 BR$4,233

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.10ratio
FMR$1,290
Market$1,170
vs market+$120

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.10
1 BR
1 BR
0.98ratio
FMR$1,310
Market$1,340
vs market-$30

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.98
2 BR
2 BR
1.01ratio
FMR$1,480
Market$1,470
vs market+$10

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.01
3 BR
3 BR
1.05ratio
FMR$2,050
Market$1,950
vs market+$100

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.05
4 BR
4 BR
0.92ratio
FMR$2,420
Market$2,630
vs market-$210

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.92
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$158,011
Rent
$1,480
Down payment
$31,602
Loan
$126,409
Mortgage
$799
Expenses
$481
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 23702 (VA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.