FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR
0.96ratio
FMR$960
Market$1,000
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.08ratio
FMR$1,180
Market$1,090
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR
1.18ratio
FMR$1,370
Market$1,160
vs market+$210
FMR is above market; underwrite to market rent.
1.18
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 24168 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24168 (Stanleytown, VA) is $960 a month. That is up 5.5% from $910 in FY 2026. Stanleytown is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area 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 $943. Among 11 ZIP codes in Henry County, 24168 has the 6th-highest two-bedroom rent (county range $940–$1,210). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24168 is 24% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 24168
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$780
+4.0%
$702–$858
1BR
$760
$780
+2.6%
$702–$858
2BR
$910
$960
+5.5%
$864–$1,056
3BR
$1,110
$1,180
+6.3%
$1,062–$1,298
4BR
$1,310
$1,370
+4.6%
$1,233–$1,507
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 24168
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$780
$960
$1,180
$1,370
FY 2026
$750
$760
$910
$1,110
$1,310
FY 2025
$680
$690
$850
$1,040
$1,240
FY 2024area FMR
$697
$701
$905
$1,100
$1,311
FY 2023area FMR
$598
$602
$793
$984
$1,146
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 24168?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $943, which applies unless the housing authority uses Small Area FMRs, that basic range is $849 to $1,037 a month; under the ZIP-level Small Area FMR of $960 it would be $864 to $1,056. 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 24168 in?
ZIP 24168 is in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $943.
How much did fair market rent change in ZIP 24168 for FY 2027?
The two-bedroom FMR rose 5.5%, from $910 in FY 2026 to $960 in FY 2027. Since FY 2025 it has risen 12.9%.
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