For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23801 (Fort Lee, VA) is $2,140 a month. That is down 3.6% from $2,220 in FY 2026. Fort Lee is in the Richmond, VA HUD Metro FMR Area. 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 $1,651. Among 8 ZIP codes in Prince George County, 23801 has the highest two-bedroom rent (county range $1,490–$2,140). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23801 is 70% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 23801
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,930
$1,890
−2.1%
$1,701–$2,079
1BR
$2,020
$1,970
−2.5%
$1,773–$2,167
2BR
$2,220
$2,140
−3.6%
$1,926–$2,354
3BR
$2,780
$2,640
−5.0%
$2,376–$2,904
4BR
$3,430
$3,240
−5.5%
$2,916–$3,564
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 23801
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$1,970
$2,140
$2,640
$3,240
FY 2026
$1,930
$2,020
$2,220
$2,780
$3,430
FY 2025
$2,080
$2,160
$2,390
$3,030
$3,740
FY 2024
$1,920
$1,970
$2,210
$2,830
$3,450
FY 2023
$1,710
$1,750
$1,980
$2,560
$3,110
Two-bedroom rent in nearby Prince George County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 23801?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,651, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,486 to $1,816 a month; under the ZIP-level Small Area FMR of $2,140 it would be $1,926 to $2,354. 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 23801 in?
ZIP 23801 is in the Richmond, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,651.
How much did fair market rent change in ZIP 23801 for FY 2027?
The two-bedroom FMR fell 3.6%, from $2,220 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 8.1%.
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 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