Virginia · FIPS 51063 · HUD FY 2027
Floyd County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Floyd County is $1,090 a month (rent plus utilities), 39% below the Virginia average of $1,792 and 38% below the U.S. average of $1,761. That is down $4 (0.4%) from FY 2026. At 30% of income, a household needs about $43,600 a year to afford it.
- $1,0902-bedroom FMR−$4 (−0.4%) vs FY 2026
- $8331-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $43,600Income for a 2-bedroom$21/hour full-time
- 90 of 1332BR rank in Virginia1 = highest rent
| Unit | Floyd County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $828 | $830 | −$2 (−0.2%) | $1,536 | $1,379 | $33,120 |
| 1 bedroom | $833 | $834 | −$1 (−0.1%) | $1,596 | $1,478 | $33,320 |
| 2 bedrooms | $1,090 | $1,094 | −$4 (−0.4%) | $1,792 | $1,761 | $43,600 |
| 3 bedrooms | $1,299 | $1,312 | −$13 (−1.0%) | $2,326 | $2,266 | $51,960 |
| 4 bedrooms | $1,440 | $1,448 | −$8 (−0.6%) | $2,752 | $2,607 | $57,600 |
How Floyd County compares
- HUD sets this rent for the Floyd County, VA metro FMR area, which covers 15,593 residents in 1 county.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $828, $833, $1,090, $1,299, $1,440. 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 5 ZIP codes mostly in Floyd County (by land area), the 2-bedroom figure ranges from $990 to $1,130.
Small Area FMRs by ZIP code in Floyd County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 24072 | $840 | $840 | $1,090 | $1,350 | $1,520 | +$10 (+0.9%) | same |
| 24079 | $910 | $950 | $1,130 | $1,570 | $1,900 | no change | 4% above |
| 24091 | $840 | $850 | $1,110 | $1,320 | $1,470 | +$10 (+0.9%) | 2% above |
| 24105 | $750 | $760 | $990 | $1,190 | $1,350 | +$40 (+4.2%) | 9% below |
| 24380 | $750 | $760 | $990 | $1,190 | $1,340 | +$20 (+2.1%) | 9% 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.