Virginia · FIPS 51147 · HUD FY 2027
Prince Edward County, Virginia Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Prince Edward County is $1,126 a month (rent plus utilities), 37% below the Virginia average of $1,792 and 36% below the U.S. average of $1,761. That is up $32 (2.9%) from FY 2026. At 30% of income, a household needs about $45,040 a year to afford it.
- $1,1262-bedroom FMR+$32 (+2.9%) vs FY 2026
- $9491-bedroom FMRVirginia: $1,596 · U.S.: $1,478
- $45,040Income for a 2-bedroom$22/hour full-time
- 79 of 1332BR rank in Virginia1 = highest rent
| Unit | Prince Edward County FY 2027 | FY 2026 | Change | Virginia avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $943 | $916 | +$27 (+2.9%) | $1,536 | $1,379 | $37,720 |
| 1 bedroom | $949 | $922 | +$27 (+2.9%) | $1,596 | $1,478 | $37,960 |
| 2 bedrooms | $1,126 | $1,094 | +$32 (+2.9%) | $1,792 | $1,761 | $45,040 |
| 3 bedrooms | $1,342 | $1,312 | +$30 (+2.3%) | $2,326 | $2,266 | $53,680 |
| 4 bedrooms | $1,480 | $1,448 | +$32 (+2.2%) | $2,752 | $2,607 | $59,200 |
How Prince Edward County compares
- Prince Edward County 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: $943, $949, $1,126, $1,342, $1,480. 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 Prince Edward County (by land area), the 2-bedroom figure ranges from $990 to $1,490.
Small Area FMRs by ZIP code in Prince Edward County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 23909 | $960 | $970 | $1,150 | $1,390 | $1,600 | +$20 (+1.8%) | 2% above |
| 23934 | $920 | $930 | $1,130 | $1,420 | $1,700 | +$20 (+1.8%) | about the same as |
| 23942 | $830 | $830 | $990 | $1,190 | $1,310 | +$80 (+8.8%) | 12% below |
| 23943 | $960 | $970 | $1,150 | $1,390 | $1,600 | +$20 (+1.8%) | 2% above |
| 23954 | $830 | $830 | $990 | $1,190 | $1,310 | +$70 (+7.6%) | 12% below |
| 23960 | $930 | $930 | $1,070 | $1,480 | $1,580 | −$10 (−0.9%) | 5% below |
| 23966 | $1,300 | $1,360 | $1,490 | $1,870 | $2,300 | −$50 (−3.2%) | 32% above |
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.