HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Storey County, Nevada (FY 2027)
A two-bedroom in Storey County carries a FY 2027 Fair Market Rent of $1,837 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Storey keys off that figure.
Two-bedroom FMR
$1,837
-1.8% from FY 2026
Payment standard
$1,653–$2,021
90% to 110% of the FMR, two-bedroom
Income to afford
$73,480
a year, with rent at 30% of income
Rank in Nevada
1st of 17
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,279 | $1,151–$1,407 | $51,160 | $24.60/hr | -0.8% |
| 1 bedroom | $1,460 | $1,314–$1,606 | $58,400 | $28.08/hr | -1.9% |
| 2 bedroom | $1,837 | $1,653–$2,021 | $73,480 | $35.33/hr | -1.8% |
| 3 bedroom | $2,452 | $2,207–$2,697 | $98,080 | $47.15/hr | -3.4% |
| 4 bedroom | $2,842 | $2,558–$3,126 | $113,680 | $54.65/hr | -3.6% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,268 | $2,941–$3,595 |
| 6 bedroom Estimate | $3,695 | $3,326–$4,065 |
| 7 bedroom Estimate | $4,121 | $3,709–$4,533 |
| 8 bedroom Estimate | $4,547 | $4,092–$5,002 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Storey actually rent for?
Search any address in Storey for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Storey somewhere between $1,653 and $2,021. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,837 a month is affordable, by HUD's 30% rule, on an income of roughly $73,480 a year. Put another way, $35 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,653 | Voucher pays at 100%$1,837 | Voucher pays at 110%$2,021 |
|---|---|---|---|---|
| $2,500 | $750 | $903 | $1,087 | $1,271 |
| $4,000 | $1,200 | $453 | $637 | $821 |
Rate history
The two-bedroom rate went down 2% from FY 2026 ($1,870) to FY 2027 ($1,837). Since FY 2020 it's up 72% in total, about 8.0% a year. The Nevada median moved down 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $698 | $846 | $1,071 | $1,545 | $1,880 | — |
| FY 2021 | $803 | $964 | $1,217 | $1,742 | $2,107 | +13.6% |
| FY 2022 | $926 | $1,108 | $1,394 | $1,980 | $2,386 | +14.5% |
| FY 2023 | $1,060 | $1,256 | $1,585 | $2,253 | $2,700 | +13.7% |
| FY 2024 | $1,072 | $1,257 | $1,582 | $2,229 | $2,669 | -0.2% |
| FY 2025 | $1,181 | $1,370 | $1,722 | $2,384 | $2,788 | +8.8% |
| FY 2026 | $1,289 | $1,489 | $1,870 | $2,539 | $2,949 | +8.6% |
| FY 2027In effect | $1,279 | $1,460 | $1,837 | $2,452 | $2,842 | -1.8% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Storey, that runs from $1,279 for a studio up to $2,842 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Storey in with one other county in the Reno metro, Washoe County among them, and every one of them gets $1,837 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Nevada's 17 counties, Storey ranks 1st for two-bedroom FMR. That's about 38% above the state median of $1,327 and about 73% above the national median county at $1,063. About 4,140 people live here, 15th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the one ZIP code it covers in Storey, the two-bedroom rate is $2,200 across the board, so there's no ZIP-level story here.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 89440 | Virginia City | $2,200 | +19.8% |
Counties sharing the Reno metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,837 two-bedroom figure as Storey.
Nearby counties
Two-bedroom FMR, with how each compares to Storey.
Carson City
11 mi · 58,384 people
$1,453
-21%
Lyon County
19 mi · 61,680 people
$1,279
-30%
Washoe County
20 mi · 497,200 people
$1,837
same rate
Douglas County
23 mi · 49,623 people
$1,594
-13%
Churchill County
48 mi · 25,805 people
$1,369
-25%
Mineral County
82 mi · 4,542 people
$1,254
-32%
Pershing County
105 mi · 6,487 people
$1,014
-45%
Lander County
150 mi · 5,770 people
$1,168
-36%
Questions people ask
$1,837 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,279 for a studio, $1,460 for one bedroom, $2,452 for three and $2,842 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Storey actually go for?
HUD's number is one input. Search any address in Storey for a rent estimate built from nearby comps. Free to start, no card.
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