HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Radford city, Virginia (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Radford city is $1,340 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,340
+5.4% from FY 2026
Payment standard
$1,206–$1,474
90% to 110% of the FMR, two-bedroom
Income to afford
$53,600
a year, with rent at 30% of income
Rank in Virginia
63rd 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 | $1,043 | $939–$1,147 | $41,720 | $20.06/hr | +14.6% |
| 1 bedroom | $1,050 | $945–$1,155 | $42,000 | $20.19/hr | +5.7% |
| 2 bedroom | $1,340 | $1,206–$1,474 | $53,600 | $25.77/hr | +5.4% |
| 3 bedroom | $1,783 | $1,605–$1,961 | $71,320 | $34.29/hr | +4.5% |
| 4 bedroom | $2,048 | $1,843–$2,253 | $81,920 | $39.38/hr | -3.9% |
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 | $2,355 | $2,120–$2,591 |
| 6 bedroom Estimate | $2,662 | $2,396–$2,928 |
| 7 bedroom Estimate | $2,970 | $2,673–$3,267 |
| 8 bedroom Estimate | $3,277 | $2,949–$3,605 |
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 Radford actually rent for?
Search any address in Radford 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 FMR isn't the check you'd receive. Your local housing authority turns it into a payment standard, set between 90% and 110% of FMR, so a two-bedroom here lands between $1,206 and $1,474. Subtract about 30% of the tenant's income and that's the housing assistance payment. If you ask more than similar unassisted units rent for, the PHA's rent reasonableness check will push back.
At the standard 30% of income, a household needs about $53,600 a year to afford $1,340 a month. On a 40-hour week that's $26 an hour.
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%$1,206 | Voucher pays at 100%$1,340 | Voucher pays at 110%$1,474 |
|---|---|---|---|---|
| $2,500 | $750 | $456 | $590 | $724 |
| $4,000 | $1,200 | $6 | $140 | $274 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($1,271) to FY 2027 ($1,340). Since FY 2020 it's up 35% in total, about 4.4% 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 | $797 | $872 | $993 | $1,432 | $1,743 | — |
| FY 2021 | $795 | $858 | $978 | $1,400 | $1,693 | -1.5% |
| FY 2022 | $743 | $801 | $935 | $1,328 | $1,600 | -4.4% |
| FY 2023 | $827 | $860 | $1,051 | $1,469 | $1,790 | +12.4% |
| FY 2024 | $993 | $999 | $1,261 | $1,721 | $2,140 | +20.0% |
| FY 2025 | $925 | $968 | $1,231 | $1,647 | $2,067 | -2.4% |
| FY 2026 | $910 | $993 | $1,271 | $1,706 | $2,132 | +3.2% |
| FY 2027In effect | $1,043 | $1,050 | $1,340 | $1,783 | $2,048 | +5.4% |
About this rate
HUD sets Fair Market Rent once a year, based on what typical units in the area actually rent for, with utilities folded in. FY 2027 runs October 1, 2026 through September 30, 2027, and in Radford city the five published rates run from $1,043 to $2,048, studio through four bedrooms.
Radford doesn't get its own number. It sits inside the Blacksburg-Christiansburg-Radford metro and shares one rate with one other city, including Montgomery County. HUD sets metro FMRs from rents across the whole metro, which is why a rural corner of a big metro can carry a city-sized rate.
The state median two-bedroom FMR is $1,262. Radford comes in at $1,340, about 6% above that, and ranks 63rd of 133 in Virginia. Against the national median county ($1,063) it's about 26% above. Population is around 16,726.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Radford, the two-bedroom rate is $1,180 across the board, so there's no ZIP-level story here.
Counties sharing the Blacksburg-Christiansburg-Radford metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,340 two-bedroom figure as Radford.
Nearby counties
Two-bedroom FMR, with how each compares to Radford.
Pulaski County
8 mi · 33,687 people
$952
-29%
Montgomery County
12 mi · 99,101 people
$1,340
same rate
Floyd County
16 mi · 15,593 people
$1,090
-19%
Giles County
16 mi · 16,557 people
$999
-25%
Roanoke County
29 mi · 97,023 people
$1,464
+9%
Salem city
29 mi · 25,618 people
$1,464
+9%
Carroll County
30 mi · 29,157 people
$943
-30%
Wythe County
33 mi · 28,188 people
$943
-30%
Questions people ask
$1,340 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,043 for a studio, $1,050 for one bedroom, $1,783 for three and $2,048 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 Radford actually go for?
HUD's number is one input. Search any address in Radford for a rent estimate built from nearby comps. Free to start, no card.
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