Virginia · FIPS 51067 · HUD FY 2027
Franklin County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Franklin County is $1,080 a month (rent plus utilities), 40% below the Virginia average of $1,792 and 39% below the U.S. average of $1,761. That is up $136 (14.4%) from FY 2026. At 30% of income, a household needs about $43,200 a year to afford it.
- $1,0802-bedroom FMR+$136 (+14.4%) vs FY 2026
- $9871-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $43,200Income for a 2-bedroom$21/hour full-time
- 91 of 1332BR rank in Virginia1 = highest rent
| Unit | Franklin County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $949 | $771 | +$178 (+23.1%) | $1,536 | $1,379 | $37,960 |
| 1 bedroom | $987 | $861 | +$126 (+14.6%) | $1,596 | $1,478 | $39,480 |
| 2 bedrooms | $1,080 | $944 | +$136 (+14.4%) | $1,792 | $1,761 | $43,200 |
| 3 bedrooms | $1,495 | $1,313 | +$182 (+13.9%) | $2,326 | $2,266 | $59,800 |
| 4 bedrooms | $1,805 | $1,584 | +$221 (+14.0%) | $2,752 | $2,607 | $72,200 |
How Franklin County compares
- HUD sets this rent for the Franklin County, VA metro FMR area, which covers 55,130 residents in 1 county.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $949, $987, $1,080, $1,495, $1,805. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 10 ZIP codes mostly in Franklin County (by land area), the 2-bedroom figure ranges from $940 to $1,280.
Small Area FMRs by ZIP code in Franklin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 24065 | $1,010 | $1,050 | $1,160 | $1,610 | $1,940 | +$130 (+12.6%) | 7% above |
| 24067 | $830 | $860 | $940 | $1,310 | $1,590 | +$30 (+3.3%) | 13% below |
| 24088 | $830 | $860 | $940 | $1,300 | $1,580 | +$30 (+3.3%) | 13% below |
| 24092 | $830 | $870 | $950 | $1,320 | $1,590 | −$100 (−9.5%) | 12% below |
| 24101 | $1,090 | $1,130 | $1,240 | $1,720 | $2,060 | +$140 (+12.7%) | 15% above |
| 24102 | $820 | $840 | $950 | $1,260 | $1,510 | +$40 (+4.4%) | 12% below |
| 24137 | $1,050 | $1,100 | $1,210 | $1,680 | $2,010 | +$120 (+11.0%) | 12% above |
| 24151 | $940 | $980 | $1,070 | $1,480 | $1,790 | +$120 (+12.6%) | 1% below |
| 24176 | $1,050 | $1,170 | $1,280 | $1,780 | $2,150 | −$140 (−9.9%) | 19% above |
| 24184 | $830 | $860 | $940 | $1,310 | $1,590 | +$30 (+3.3%) | 13% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.