HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Madison County, Virginia (FY 2027)
$1,133 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Madison County, and it's the baseline every voucher in Madison is measured against.
Two-bedroom FMR
$1,133
+6.3% from FY 2026
Payment standard
$1,020–$1,246
90% to 110% of the FMR, two-bedroom
Income to afford
$45,320
a year, with rent at 30% of income
Rank in Virginia
78th 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 | $960 | $864–$1,056 | $38,400 | $18.46/hr | +4.0% |
| 1 bedroom | $1,041 | $937–$1,145 | $41,640 | $20.02/hr | +7.2% |
| 2 bedroom | $1,133 | $1,020–$1,246 | $45,320 | $21.79/hr | +6.3% |
| 3 bedroom | $1,515 | $1,364–$1,667 | $60,600 | $29.13/hr | +2.2% |
| 4 bedroom | $1,754 | $1,579–$1,929 | $70,160 | $33.73/hr | +5.2% |
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 | $2,017 | $1,815–$2,219 |
| 6 bedroom Estimate | $2,280 | $2,052–$2,508 |
| 7 bedroom Estimate | $2,543 | $2,289–$2,797 |
| 8 bedroom Estimate | $2,806 | $2,525–$3,087 |
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 Madison actually rent for?
Search any address in Madison 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 Madison somewhere between $1,020 and $1,246. 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.
$1,133 a month is affordable, by HUD's 30% rule, on an income of roughly $45,320 a year. Put another way, $22 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%$1,020 | Voucher pays at 100%$1,133 | Voucher pays at 110%$1,246 |
|---|---|---|---|---|
| $2,500 | $750 | $270 | $383 | $496 |
| $4,000 | $1,200 | $0 | $0 | $46 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($1,066) to FY 2027 ($1,133). Since FY 2020 it's up 18% in total, about 2.4% 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 | $647 | $728 | $959 | $1,195 | $1,441 | — |
| FY 2021 | $621 | $700 | $922 | $1,147 | $1,361 | -3.9% |
| FY 2022 | $723 | $727 | $957 | $1,183 | $1,450 | +3.8% |
| FY 2023 | $743 | $748 | $984 | $1,225 | $1,462 | +2.8% |
| FY 2024 | $786 | $792 | $1,040 | $1,285 | $1,526 | +5.7% |
| FY 2025 | $907 | $913 | $1,096 | $1,361 | $1,609 | +5.4% |
| FY 2026 | $923 | $971 | $1,066 | $1,483 | $1,667 | -2.7% |
| FY 2027In effect | $960 | $1,041 | $1,133 | $1,515 | $1,754 | +6.3% |
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 Madison, that runs from $960 for a studio up to $1,754 for four bedrooms, all five rates in the table above.
Because Madison sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Aroda included.
Among Virginia's 133 counties, Madison ranks 78th for two-bedroom FMR. That's about 10% below the state median of $1,262 and about 7% above the national median county at $1,063. About 14,044 people live here, 102nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,060 in 22743 (Syria) and $1,370 in 22738 (Rochelle), 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 |
|---|---|---|---|
| 22709 | Aroda | $1,130 | -0.3% |
| 22711 | Banco | $1,070 | -5.6% |
| 22715 | Brightwood | $1,130 | -0.3% |
| 22719 | Etlan | $1,130 | -0.3% |
| 22722 | Haywood | $1,070 | -5.6% |
| 22723 | Hood | $1,160 | +2.4% |
| 22725 | Leon | $1,130 | -0.3% |
| 22727 | Madison | $1,070 | -5.6% |
| 22730 | Oakpark | $1,130 | -0.3% |
| 22731 | Pratts | $1,130 | -0.3% |
| 22732 | Radiant | $1,160 | +2.4% |
| 22738 | Rochelle | $1,370 | +20.9% |
| 22743 | Syria | $1,060 | -6.4% |
| 22748 | Wolftown | $1,133County rate | — |
| 22948 | Locust Dale | $1,360 | +20.0% |
| 22989 | Woodberry Forest | $1,190 | +5.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Madison.
Greene County
14 mi · 21,155 people
$1,642
+45%
Orange County
14 mi · 37,822 people
$1,262
+11%
Culpeper County
17 mi · 54,397 people
$1,596
+41%
Page County
21 mi · 23,727 people
$953
-16%
Rappahannock County
23 mi · 7,427 people
$1,555
+37%
Charlottesville city
27 mi · 45,437 people
$1,642
+45%
Albemarle County
32 mi · 114,919 people
$1,642
+45%
Louisa County
32 mi · 39,980 people
$1,291
+14%
Questions people ask
$1,133 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $960 for a studio, $1,041 for one bedroom, $1,515 for three and $1,754 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 Madison actually go for?
HUD's number is one input. Search any address in Madison for a rent estimate built from nearby comps. Free to start, no card.
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