Virginia · FIPS 51045 · HUD FY 2027
Craig County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Craig County is $1,464 a month (rent plus utilities), 18% below the Virginia average of $1,792 and 17% below the U.S. average of $1,761. That is up $210 (16.7%) from FY 2026. At 30% of income, a household needs about $58,560 a year to afford it.
- $1,4642-bedroom FMR+$210 (+16.7%) vs FY 2026
- $1,2501-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $58,560Income for a 2-bedroom$28/hour full-time
- 55 of 1332BR rank in Virginia1 = highest rent
| Unit | Craig County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,186 | $1,004 | +$182 (+18.1%) | $1,536 | $1,379 | $47,440 |
| 1 bedroom | $1,250 | $1,053 | +$197 (+18.7%) | $1,596 | $1,478 | $50,000 |
| 2 bedrooms | $1,464 | $1,254 | +$210 (+16.7%) | $1,792 | $1,761 | $58,560 |
| 3 bedrooms | $2,022 | $1,743 | +$279 (+16.0%) | $2,326 | $2,266 | $80,880 |
| 4 bedrooms | $2,447 | $2,104 | +$343 (+16.3%) | $2,752 | $2,607 | $97,880 |
How Craig County compares
- HUD sets this rent for the Roanoke, VA metro FMR area, which covers 259,856 residents in 5 counties.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $1,186, $1,250, $1,464, $2,022, $2,447. 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 2 ZIP codes mostly in Craig County (by land area), the 2-bedroom figure ranges from $1,130 to $1,130.
Small Area FMRs by ZIP code in Craig County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 24127 | $910 | $950 | $1,130 | $1,570 | $1,900 | +$100 (+9.7%) | 23% below |
| 24131 | $910 | $950 | $1,130 | $1,570 | $1,900 | +$100 (+9.7%) | 23% 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.