HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Albemarle County, Virginia (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Albemarle County is $1,642 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,642
-10.0% from FY 2026
Payment standard
$1,478–$1,806
90% to 110% of the FMR, two-bedroom
Income to afford
$65,680
a year, with rent at 30% of income
Rank in Virginia
45th of 133
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 | -10.0% |
| 1 bedroom | $1,442 | $1,298–$1,586 | $57,680 | $27.73/hr | -10.0% |
| 2 bedroom | $1,642 | $1,478–$1,806 | $65,680 | $31.58/hr | -10.0% |
| 3 bedroom | $1,997 | $1,797–$2,197 | $79,880 | $38.40/hr | -10.0% |
| 4 bedroom | $2,458 | $2,212–$2,704 | $98,320 | $47.27/hr | -10.0% |
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 | $2,827 | $2,544–$3,110 |
| 6 bedroom Estimate | $3,195 | $2,876–$3,515 |
| 7 bedroom Estimate | $3,564 | $3,208–$3,920 |
| 8 bedroom Estimate | $3,933 | $3,540–$4,326 |
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 Albemarle actually rent for?
Search any address in Albemarle 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 Albemarle somewhere between $1,478 and $1,806. 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.
$1,642 a month is affordable, by HUD's 30% rule, on an income of roughly $65,680 a year. Put another way, $32 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%$1,478 | Voucher pays at 100%$1,642 | Voucher pays at 110%$1,806 |
|---|---|---|---|---|
| $2,500 | $750 | $728 | $892 | $1,056 |
| $4,000 | $1,200 | $278 | $442 | $606 |
Rate history
The two-bedroom rate went down 10% from FY 2026 ($1,824) to FY 2027 ($1,642). Since FY 2020 it's up 30% in total, about 3.8% a year. The Virginia median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $854 | $1,082 | $1,262 | $1,573 | $1,942 | — |
| FY 2021 | $949 | $1,077 | $1,266 | $1,575 | $1,965 | +0.3% |
| FY 2022 | $1,024 | $1,063 | $1,264 | $1,562 | $1,959 | -0.2% |
| FY 2023 | $1,165 | $1,172 | $1,401 | $1,742 | $2,159 | +10.8% |
| FY 2024 | $1,392 | $1,415 | $1,678 | $2,114 | $2,608 | +19.8% |
| FY 2025 | $1,404 | $1,487 | $1,729 | $2,155 | $2,621 | +3.0% |
| FY 2026 | $1,421 | $1,602 | $1,824 | $2,218 | $2,731 | +5.5% |
| FY 2027In effect | $1,279 | $1,442 | $1,642 | $1,997 | $2,458 | -10.0% |
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 Albemarle, that runs from $1,279 for a studio up to $2,458 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 Albemarle in with 4 other counties in the Charlottesville metro, Charlottesville city, Fluvanna County, Greene County among them, and every one of them gets $1,642 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 Virginia's 133 counties, Albemarle ranks 45th for two-bedroom FMR. That's about 30% above the state median of $1,262 and about 54% above the national median county at $1,063. About 114,919 people live here, 16th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,650 in 22931 (Covesville) and $1,940 in 22932 (Crozet), with the 15 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 22901 | Charlottesville | $1,750 | +6.6% |
| 22909 | Charlottesville | $1,642County rate | — |
| 22911 | Charlottesville | $1,910 | +16.3% |
| 22924 | Batesville | $1,740 | +6.0% |
| 22931 | Covesville | $1,650 | +0.5% |
| 22932 | Crozet | $1,940 | +18.1% |
| 22936 | Earlysville | $1,780 | +8.4% |
| 22937 | Esmont | $1,650 | +0.5% |
| 22940 | Free Union | $1,790 | +9.0% |
| 22943 | Greenwood | $1,650 | +0.5% |
| 22945 | Ivy | $1,740 | +6.0% |
| 22946 | Keene | $1,650 | +0.5% |
| 22947 | Keswick | $1,800 | +9.6% |
| 22959 | North Garden | $1,650 | +0.5% |
| 22987 | White Hall | $1,642County rate | — |
| 24562 | Howardsville | $1,650 | +0.5% |
| 24590 | Scottsville | $1,650 | +0.5% |
Counties sharing the Charlottesville metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,642 two-bedroom figure as Albemarle.
Nearby counties
Two-bedroom FMR, with how each compares to Albemarle.
Charlottesville city
6 mi · 45,437 people
$1,642
same rate
Waynesboro city
18 mi · 22,841 people
$1,199
-27%
Fluvanna County
21 mi · 28,092 people
$1,642
same rate
Greene County
21 mi · 21,155 people
$1,642
same rate
Nelson County
23 mi · 14,732 people
$1,642
same rate
Staunton city
28 mi · 25,948 people
$1,199
-27%
Augusta County
30 mi · 78,033 people
$1,199
-27%
Buckingham County
30 mi · 16,976 people
$943
-43%
Questions people ask
$1,642 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,279 for a studio, $1,442 for one bedroom, $1,997 for three and $2,458 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 Albemarle actually go for?
HUD's number is one input. Search any address in Albemarle for a rent estimate built from nearby comps. Free to start, no card.
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