FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
0.93ratio
FMR$1,120
Market$1,200
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR
0.87ratio
FMR$1,280
Market$1,470
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
1.01ratio
FMR$1,740
Market$1,720
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR
0.93ratio
FMR$1,920
Market$2,060
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.93
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 24469 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24469 (New Hope, VA) is $1,280 a month. That is down 3.8% from $1,330 in FY 2026. New Hope is in the Staunton-Stuarts Draft, 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 $1,199. Among 30 ZIP codes in Augusta County, 24469 is tied for the 10th-highest two-bedroom rent (county range $1,140–$1,800). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24469 is 1% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 24469
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,110
−3.5%
$999–$1,221
1BR
$1,150
$1,120
−2.6%
$1,008–$1,232
2BR
$1,330
$1,280
−3.8%
$1,152–$1,408
3BR
$1,830
$1,740
−4.9%
$1,566–$1,914
4BR
$2,050
$1,920
−6.3%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 24469
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,120
$1,280
$1,740
$1,920
FY 2026
$1,150
$1,150
$1,330
$1,830
$2,050
FY 2025
$1,170
$1,180
$1,360
$1,910
$2,220
FY 2024
$1,030
$1,040
$1,210
$1,700
$2,020
FY 2023
$860
$860
$1,030
$1,440
$1,750
Two-bedroom rent in nearby Augusta County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 24469?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,199, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,079 to $1,319 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 24469 in?
ZIP 24469 is in the Staunton-Stuarts Draft, VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,199.
How much did fair market rent change in ZIP 24469 for FY 2027?
The two-bedroom FMR fell 3.8%, from $1,330 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 24.3%.
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