Virginia · FIPS 51678 · HUD FY 2027
Lexington city, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lexington city is $1,057 a month (rent plus utilities), 41% below the Virginia average of $1,792 and 40% below the U.S. average of $1,761. That is up $52 (5.2%) from FY 2026. At 30% of income, a household needs about $42,280 a year to afford it.
- $1,0572-bedroom FMR+$52 (+5.2%) vs FY 2026
- $9711-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $42,280Income for a 2-bedroom$20/hour full-time
- 93 of 1332BR rank in Virginia1 = highest rent
| Unit | Lexington city FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $896 | $870 | +$26 (+3.0%) | $1,536 | $1,379 | $35,840 |
| 1 bedroom | $971 | $917 | +$54 (+5.9%) | $1,596 | $1,478 | $38,840 |
| 2 bedrooms | $1,057 | $1,005 | +$52 (+5.2%) | $1,792 | $1,761 | $42,280 |
| 3 bedrooms | $1,464 | $1,398 | +$66 (+4.7%) | $2,326 | $2,266 | $58,560 |
| 4 bedrooms | $1,767 | $1,686 | +$81 (+4.8%) | $2,752 | $2,607 | $70,680 |
How Lexington city compares
- Lexington city is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
- Studio to 4-bedroom: $896, $971, $1,057, $1,464, $1,767. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
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).
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.