Virginia · FIPS 51121 · HUD FY 2027
Montgomery County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Montgomery County is $1,340 a month (rent plus utilities), 25% below the Virginia average of $1,792 and 24% below the U.S. average of $1,761. That is up $69 (5.4%) from FY 2026. At 30% of income, a household needs about $53,600 a year to afford it.
- $1,3402-bedroom FMR+$69 (+5.4%) vs FY 2026
- $1,0501-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $53,600Income for a 2-bedroom$26/hour full-time
- 62 of 1332BR rank in Virginia1 = highest rent
| Unit | Montgomery County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,043 | $910 | +$133 (+14.6%) | $1,536 | $1,379 | $41,720 |
| 1 bedroom | $1,050 | $993 | +$57 (+5.7%) | $1,596 | $1,478 | $42,000 |
| 2 bedrooms | $1,340 | $1,271 | +$69 (+5.4%) | $1,792 | $1,761 | $53,600 |
| 3 bedrooms | $1,783 | $1,706 | +$77 (+4.5%) | $2,326 | $2,266 | $71,320 |
| 4 bedrooms | $2,048 | $2,132 | −$84 (−3.9%) | $2,752 | $2,607 | $81,920 |
How Montgomery County compares
- HUD sets this rent for the Blacksburg-Christiansburg-Radford, VA metro FMR area, which covers 115,827 residents in 2 counties.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $1,043, $1,050, $1,340, $1,783, $2,048. 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 7 ZIP codes mostly in Montgomery County (by land area), the 2-bedroom figure ranges from $1,150 to $1,470.
Small Area FMRs by ZIP code in Montgomery County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 24060 | $1,140 | $1,150 | $1,470 | $1,960 | $2,250 | +$80 (+5.8%) | 10% above |
| 24061 | $1,140 | $1,150 | $1,470 | $1,960 | $2,250 | +$80 (+5.8%) | 10% above |
| 24073 | $1,020 | $1,030 | $1,310 | $1,740 | $2,000 | +$80 (+6.5%) | 2% below |
| 24087 | $960 | $970 | $1,240 | $1,650 | $1,920 | +$120 (+10.7%) | 7% below |
| 24138 | $820 | $900 | $1,150 | $1,540 | $1,920 | +$40 (+3.6%) | 14% below |
| 24149 | $1,100 | $1,100 | $1,390 | $1,890 | $2,350 | −$150 (−9.7%) | 4% above |
| 24162 | $850 | $900 | $1,150 | $1,540 | $1,920 | +$40 (+3.6%) | 14% 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.