HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Craig County, Virginia (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Craig County is $1,254 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,254
FY 2026, utilities included
Payment standard range
$1,129 to $1,379
90% to 110% of FMR
Income to afford 2BR
$50,160
per year, at 30% of income
Rank in Virginia
66th of 133
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Craig moves to $1,464. That's up 17%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Craig actually rent for?
Search any address in Craig for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,004 | $904 to $1,104 | $40,160 | $19.31/hr | +12.6% |
| 1 bedroom | $1,053 | $948 to $1,158 | $42,120 | $20.25/hr | +11.1% |
| 2 bedroom | $1,254 | $1,129 to $1,379 | $50,160 | $24.12/hr | +9.9% |
| 3 bedroom | $1,743 | $1,569 to $1,917 | $69,720 | $33.52/hr | +9.1% |
| 4 bedroom | $2,104 | $1,894 to $2,314 | $84,160 | $40.46/hr | +11.6% |
5 to 8 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 | $2,420 | $2,178 to $2,662 |
| 6 bedroom Estimate | $2,735 | $2,462 to $3,009 |
| 7 bedroom Estimate | $3,051 | $2,746 to $3,356 |
| 8 bedroom Estimate | $3,366 | $3,029 to $3,703 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Craig, that runs from $1,004 for a studio up to $2,104 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 Craig in with 4 other counties in the Roanoke metro, Roanoke city, Roanoke County, Botetourt County among them, and every one of them gets $1,254 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, Craig ranks 66th for two-bedroom FMR. That's within a couple percent of the state median of $1,254 and about 23% above the national median county at $1,018. About 4,898 people live here, 130th in the state.
Counties sharing the Roanoke metro rate
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Craig, the two-bedroom rate is $1,030 across the board, so there's no ZIP-level story here.
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 Craig somewhere between $1,129 and $1,379. 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.
$1,254 a month is affordable, by HUD's 30% rule, on an income of roughly $50,160 a year. Put another way, $24 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,129) | HAP at 100% ($1,254) | HAP at 110% ($1,379) |
|---|---|---|---|---|
| $2,500 | $750 | $379 | $504 | $629 |
| $4,000 | $1,200 | $0 | $54 | $179 |
Rate history
The two-bedroom rate went up 10% from FY 2025 ($1,141) to FY 2026 ($1,254). Since FY 2020 it's up 49% in total, about 6.8% a year. The Virginia median moved up 5% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $555 | $668 | $844 | $1,146 | $1,261 | — |
| FY 2021 | $641 | $743 | $941 | $1,268 | $1,387 | +11.5% |
| FY 2022 | $617 | $700 | $879 | $1,187 | $1,316 | -6.6% |
| FY 2023 | $723 | $803 | $990 | $1,358 | $1,533 | +12.6% |
| FY 2024 | $811 | $894 | $1,088 | $1,513 | $1,760 | +9.9% |
| FY 2025 | $892 | $948 | $1,141 | $1,597 | $1,885 | +4.9% |
| FY 2026 | $1,004 | $1,053 | $1,254 | $1,743 | $2,104 | +9.9% |
| FY 2027 | $1,186 | $1,250 | $1,464 | $2,022 | $2,447 | +16.7% |
Nearby counties
Questions people ask
$1,254 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,004 for a studio, $1,053 for one bedroom, $1,743 for three and $2,104 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Craig actually go for?
HUD's number is one input. Search any address in Craig for a rent estimate built from nearby comps. 3 free searches, no card.
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