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Virginia · FIPS 51710 · HUD FY 2027

Norfolk city, Virginia Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Norfolk city is $1,667 a month (rent plus utilities), 7% below the Virginia average of $1,792 and 5% below the U.S. average of $1,761. That is down $46 (2.7%) from FY 2026. At 30% of income, a household needs about $66,680 a year to afford it.

  • $1,6672-bedroom FMR−$46 (−2.7%) vs FY 2026
  • $1,4881-bedroom FMRVirginia: $1,596 · U.S.: $1,478
  • $66,680Income for a 2-bedroom$32/hour full-time
  • 15 of 1332BR rank in Virginia1 = highest rent

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Default: the income a 2-bedroom here needs at 30%.

Rent you can afford at 30% of income$1,667/month
2-bedroom Fair Market Rent and the income it needs
AreaFair Market RentIncome neededShare of your income
Norfolk city FMR$1,667$66,680–
Virginia average$1,792$71,689–
U.S. average$1,761$70,432–
Norfolk city Fair Market Rents, FY 2027 vs FY 2026, with state and U.S. averages
UnitNorfolk city FY 2027FY 2026ChangeVirginia avgU.S. avgIncome needed
Studio$1,470$1,492−$22 (−1.5%)$1,536$1,379$58,800
1 bedroom$1,488$1,512−$24 (−1.6%)$1,596$1,478$59,520
2 bedrooms$1,667$1,713−$46 (−2.7%)$1,792$1,761$66,680
3 bedrooms$2,298$2,376−$78 (−3.3%)$2,326$2,266$91,920
4 bedrooms$2,710$2,797−$87 (−3.1%)$2,752$2,607$108,400

How Norfolk city compares

  • HUD sets this rent for the Virginia Beach-Norfolk-Newport News, VA-NC metro FMR area, which covers 1,759,383 residents in 15 counties.
  • Across Virginia, 2-bedroom FMRs run from $943 (Wythe County) to $2,438 (Alexandria city).
  • Studio to 4-bedroom: $1,470, $1,488, $1,667, $2,298, $2,710. 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 14 ZIP codes mostly in Norfolk city (by land area), the 2-bedroom figure ranges from $1,400 to $2,360.

Small Area FMRs by ZIP code in Norfolk city

FY 2027 Small Area Fair Market Rents, ZIP codes in Norfolk city
ZIPStudio1BR2BR3BR4BR2BR vs FY 20262BR vs area FMR
23502$1,370$1,380$1,550$2,140$2,520−$30 (−1.9%)7% below
23503$1,350$1,370$1,530$2,110$2,490−$70 (−4.4%)8% below
23504$1,240$1,260$1,410$1,940$2,290−$40 (−2.8%)15% below
23505$1,410$1,430$1,600$2,210$2,600−$50 (−3.0%)4% below
23507$1,460$1,480$1,660$2,290$2,700−$70 (−4.0%)about the same as
23508$1,450$1,460$1,640$2,260$2,670−$40 (−2.4%)2% below
23509$1,380$1,390$1,560$2,150$2,540−$50 (−3.1%)6% below
23510$1,650$1,670$1,870$2,580$3,040−$120 (−6.0%)12% above
23511$2,080$2,110$2,360$3,250$3,840−$80 (−3.3%)42% above
23513$1,350$1,370$1,530$2,110$2,490−$60 (−3.8%)8% below
23517$1,430$1,450$1,620$2,230$2,630−$40 (−2.4%)3% below
23518$1,440$1,450$1,630$2,250$2,650−$30 (−1.8%)2% below
23523$1,230$1,250$1,400$1,930$2,280−$10 (−0.7%)16% below
23551$1,610$1,630$1,830$2,520$2,970−$60 (−3.2%)10% above

Sources

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.

All Virginia counties · How HUD sets these rents