Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 24657 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 24657 (Whitewood, VA) is $1,400 a month. That is up 7.7% from $1,300 in FY 2026. Whitewood is in the Buchanan 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 $943. Among 17 ZIP codes in Buchanan County, 24657 has the highest two-bedroom rent (county range $940–$1,400). The median county two-bedroom FMR in Virginia is $1,262, so ZIP 24657 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 24657
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,190
+5.3%
$1,071–$1,309
1BR
$1,190
$1,290
+8.4%
$1,161–$1,419
2BR
$1,300
$1,400
+7.7%
$1,260–$1,540
3BR
$1,810
$1,940
+7.2%
$1,746–$2,134
4BR
$2,120
$2,240
+5.7%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 24657
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,290
$1,400
$1,940
$2,240
FY 2026
$1,130
$1,190
$1,300
$1,810
$2,120
FY 2025
$930
$930
$1,180
$1,570
$1,980
FY 2024area FMR
$725
$730
$905
$1,176
$1,324
FY 2023area FMR
$687
$702
$793
$997
$1,065
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Buchanan County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 24657?
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 $1,400 it would be $1,260 to $1,540. 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 24657 in?
ZIP 24657 is in the Buchanan County, VA 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 24657 for FY 2027?
The two-bedroom FMR rose 7.7%, from $1,300 in FY 2026 to $1,400 in FY 2027. Since FY 2025 it has risen 18.6%.
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