FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.88ratio
FMR$970
Market$1,100
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR
0.88ratio
FMR$1,150
Market$1,300
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.97ratio
FMR$1,390
Market$1,430
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
0.95ratio
FMR$1,600
Market$1,690
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
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 23909 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 23909 (Farmville, VA) is $1,150 a month. That is up 1.8% from $1,130 in FY 2026. Farmville is in the Prince Edward County, VA non-metropolitan 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 county-wide two-bedroom FMR of $1,126. Among 12 ZIP codes in Prince Edward County, 23909 is tied for the 4th-highest two-bedroom rent (county range $990–$1,490). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 23909 is 9% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 23909
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$960
+2.1%
$864–$1,056
1BR
$950
$970
+2.1%
$873–$1,067
2BR
$1,130
$1,150
+1.8%
$1,035–$1,265
3BR
$1,360
$1,390
+2.2%
$1,251–$1,529
4BR
$1,600
$1,600
0.0%
$1,440–$1,760
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 23909
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$970
$1,150
$1,390
$1,600
FY 2026
$940
$950
$1,130
$1,360
$1,600
FY 2025
$850
$850
$1,020
$1,230
$1,450
FY 2024area FMR
$856
$880
$1,048
$1,267
$1,396
FY 2023area FMR
$700
$760
$944
$1,149
$1,421
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Prince Edward County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 23909?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,126, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,013 to $1,239 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 23909 in?
ZIP 23909 is in the Prince Edward County, VA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,126.
How much did fair market rent change in ZIP 23909 for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,130 in FY 2026 to $1,150 in FY 2027. Since FY 2025 it has risen 12.7%.
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