FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR
0.76ratio
FMR$870
Market$1,140
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR
0.70ratio
FMR$950
Market$1,360
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR
0.84ratio
FMR$1,260
Market$1,500
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR
1.03ratio
FMR$1,590
Market$1,540
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
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
--
ZIP 24126 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24126 (Newbern, VA) is $950 a month. That is up 3.3% from $920 in FY 2026. Newbern is in the Pulaski County, 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 $952. Among 9 ZIP codes in Pulaski County, 24126 is tied for the 8th-highest two-bedroom rent (county range $950–$1,240). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24126 is 25% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 24126
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$740
+5.7%
$666–$814
1BR
$840
$870
+3.6%
$783–$957
2BR
$920
$950
+3.3%
$855–$1,045
3BR
$1,250
$1,260
+0.8%
$1,134–$1,386
4BR
$1,540
$1,590
+3.2%
$1,431–$1,749
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 24126
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$740
$870
$950
$1,260
$1,590
FY 2026
$700
$840
$920
$1,250
$1,540
FY 2025
$730
$830
$920
$1,260
$1,540
FY 2024
$750
$810
$910
$1,250
$1,540
FY 2023
$670
$700
$790
$1,100
$1,360
Two-bedroom rent in nearby Pulaski County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 24126?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $952, which applies unless the housing authority uses Small Area FMRs, that basic range is $857 to $1,047 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 24126 in?
ZIP 24126 is in the Pulaski County, VA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $952.
How much did fair market rent change in ZIP 24126 for FY 2027?
The two-bedroom FMR rose 3.3%, from $920 in FY 2026 to $950 in FY 2027. Since FY 2023 it has risen 20.3%.
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