FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.82ratio
FMR$860
Market$1,050
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.79ratio
FMR$1,110
Market$1,400
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
0.80ratio
FMR$1,400
Market$1,740
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR
0.71ratio
FMR$1,490
Market$2,110
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.71
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 24201 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24201 (Bristol, VA) is $1,110 a month. That is up 2.8% from $1,080 in FY 2026. Bristol is in the Kingsport-Bristol, TN-VA MSA. 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 $1,091. Among 14 ZIP codes in Washington County, 24201 has the 4th-highest two-bedroom rent (county range $1,000–$1,240). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24201 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 24201
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$770
+4.1%
$693–$847
1BR
$850
$860
+1.2%
$774–$946
2BR
$1,080
$1,110
+2.8%
$999–$1,221
3BR
$1,380
$1,400
+1.4%
$1,260–$1,540
4BR
$1,510
$1,490
−1.3%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 24201
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$860
$1,110
$1,400
$1,490
FY 2026
$740
$850
$1,080
$1,380
$1,510
FY 2025
$780
$870
$1,100
$1,420
$1,620
FY 2024
$720
$760
$960
$1,250
$1,420
FY 2023
$620
$670
$850
$1,120
$1,250
Two-bedroom rent in nearby Washington County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 24201?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 24201 in?
ZIP 24201 is in the Kingsport-Bristol, TN-VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.
How much did fair market rent change in ZIP 24201 for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,080 in FY 2026 to $1,110 in FY 2027. Since FY 2023 it has risen 30.6%.
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