HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Prince Edward County, Virginia (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Prince Edward County is $1,094 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,094
FY 2026, utilities included
Payment standard range
$985 to $1,203
90% to 110% of FMR
Income to afford 2BR
$43,760
per year, at 30% of income
Rank in Virginia
83rd of 133
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Prince Edward moves to $1,126. That's up 3%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Prince Edward actually rent for?
Search any address in Prince Edward 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 | $916 | $824 to $1,008 | $36,640 | $17.62/hr | +10.8% |
| 1 bedroom | $922 | $830 to $1,014 | $36,880 | $17.73/hr | +10.8% |
| 2 bedroom | $1,094 | $985 to $1,203 | $43,760 | $21.04/hr | +10.3% |
| 3 bedroom | $1,312 | $1,181 to $1,443 | $52,480 | $25.23/hr | +9.8% |
| 4 bedroom | $1,448 | $1,303 to $1,593 | $57,920 | $27.85/hr | +10.1% |
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 | $1,665 | $1,499 to $1,832 |
| 6 bedroom Estimate | $1,882 | $1,694 to $2,070 |
| 7 bedroom Estimate | $2,100 | $1,890 to $2,310 |
| 8 bedroom Estimate | $2,317 | $2,085 to $2,549 |
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 Prince Edward, that runs from $916 for a studio up to $1,448 for four bedrooms, all five rates in the table above.
Because Prince Edward 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, Farmville included.
Among Virginia's 133 counties, Prince Edward ranks 83rd for two-bedroom FMR. That's about 13% below the state median of $1,254 and about 7% above the national median county at $1,018. About 21,922 people live here, 78th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $910 in 23942 (Green Bay) and $1,540 in 23966 (Rice), with the 7 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.
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 Prince Edward somewhere between $985 and $1,203. 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.
$1,094 a month is affordable, by HUD's 30% rule, on an income of roughly $43,760 a year. Put another way, $21 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% ($985) | HAP at 100% ($1,094) | HAP at 110% ($1,203) |
|---|---|---|---|---|
| $2,500 | $750 | $235 | $344 | $453 |
| $4,000 | $1,200 | $0 | $0 | $3 |
Rate history
The two-bedroom rate went up 10% from FY 2025 ($992) to FY 2026 ($1,094). Since FY 2020 it's up 21% in total, about 3.2% 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 | $611 | $688 | $906 | $1,129 | $1,227 | — |
| FY 2021 | $593 | $668 | $881 | $1,096 | $1,301 | -2.8% |
| FY 2022 | $598 | $665 | $875 | $1,082 | $1,294 | -0.7% |
| FY 2023 | $700 | $760 | $944 | $1,149 | $1,421 | +7.9% |
| FY 2024 | $856 | $880 | $1,048 | $1,267 | $1,396 | +11.0% |
| FY 2025 | $827 | $832 | $992 | $1,195 | $1,315 | -5.3% |
| FY 2026 | $916 | $922 | $1,094 | $1,312 | $1,448 | +10.3% |
| FY 2027 | $943 | $949 | $1,126 | $1,342 | $1,480 | +2.9% |
Nearby counties
Nottoway County
$97518 mi · pop 15,638
Charlotte County
$91421 mi · pop 11,563
Amelia County
$1,65522 mi · pop 13,309
Appomattox County
$1,18722 mi · pop 16,253
Lunenburg County
$91423 mi · pop 11,988
Buckingham County
$95924 mi · pop 16,869
Cumberland County
$99726 mi · pop 9,697
Powhatan County
$1,65534 mi · pop 30,503
Questions people ask
$1,094 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $916 for a studio, $922 for one bedroom, $1,312 for three and $1,448 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 Prince Edward actually go for?
HUD's number is one input. Search any address in Prince Edward for a rent estimate built from nearby comps. 3 free searches, no card.
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