HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Tazewell County, Virginia (FY 2027)
$943 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Tazewell County, and it's the baseline every voucher in Tazewell is measured against.
Two-bedroom FMR
$943
+3.2% from FY 2026
Payment standard
$849–$1,037
90% to 110% of the FMR, two-bedroom
Income to afford
$37,720
a year, with rent at 30% of income
Rank in Virginia
126th 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 | $794 | $715–$873 | $31,760 | $15.27/hr | +9.2% |
| 1 bedroom | $798 | $718–$878 | $31,920 | $15.35/hr | +9.0% |
| 2 bedroom | $943 | $849–$1,037 | $37,720 | $18.13/hr | +3.2% |
| 3 bedroom | $1,154 | $1,039–$1,269 | $46,160 | $22.19/hr | +5.3% |
| 4 bedroom | $1,266 | $1,139–$1,393 | $50,640 | $24.35/hr | +1.1% |
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 | $1,456 | $1,310–$1,602 |
| 6 bedroom Estimate | $1,646 | $1,481–$1,811 |
| 7 bedroom Estimate | $1,836 | $1,652–$2,020 |
| 8 bedroom Estimate | $2,026 | $1,823–$2,229 |
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 Tazewell actually rent for?
Search any address in Tazewell 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 Tazewell somewhere between $849 and $1,037. 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.
$943 a month is affordable, by HUD's 30% rule, on an income of roughly $37,720 a year. Put another way, $18 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%$849 | Voucher pays at 100%$943 | Voucher pays at 110%$1,037 |
|---|---|---|---|---|
| $2,500 | $750 | $99 | $193 | $287 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($914) to FY 2027 ($943). Since FY 2020 it's up 31% in total, about 4.0% 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 | $485 | $582 | $719 | $896 | $1,262 | — |
| FY 2021 | $472 | $558 | $701 | $872 | $1,160 | -2.5% |
| FY 2022 | $479 | $540 | $702 | $868 | $1,046 | +0.1% |
| FY 2023 | $590 | $604 | $795 | $968 | $1,155 | +13.2% |
| FY 2024 | $684 | $689 | $905 | $1,094 | $1,346 | +13.8% |
| FY 2025 | $651 | $655 | $851 | $1,025 | $1,253 | -6.0% |
| FY 2026 | $727 | $732 | $914 | $1,096 | $1,252 | +7.4% |
| FY 2027In effect | $794 | $798 | $943 | $1,154 | $1,266 | +3.2% |
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 Tazewell, that runs from $794 for a studio up to $1,266 for four bedrooms, all five rates in the table above.
Because Tazewell 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, Tannersville included.
Among Virginia's 133 counties, Tazewell ranks 126th for two-bedroom FMR. That's about 25% below the state median of $1,262 and about 11% below the national median county at $1,063. About 39,624 people live here, 46th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $940 in 24601 (Amonate) and $1,130 in 24622 (Jewell Ridge), with the 16 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 |
|---|---|---|---|
| 24377 | Tannersville | $970 | +2.9% |
| 24601 | Amonate | $940 | -0.3% |
| 24602 | Bandy | $940 | -0.3% |
| 24604 | Bishop | $940 | -0.3% |
| 24605 | Bluefield | $1,050 | +11.3% |
| 24606 | Boissevain | $1,050 | +11.3% |
| 24608 | Burkes Garden | $943County rate | — |
| 24609 | Cedar Bluff | $970 | +2.9% |
| 24612 | Doran | $950 | +0.7% |
| 24613 | Falls Mills | $1,030 | +9.2% |
| 24619 | Horsepen | $943County rate | — |
| 24622 | Jewell Ridge | $1,130 | +19.8% |
| 24630 | North Tazewell | $940 | -0.3% |
| 24635 | Pocahontas | $1,070 | +13.5% |
| 24637 | Pounding Mill | $960 | +1.8% |
| 24640 | Red Ash | $940 | -0.3% |
| 24641 | Richlands | $990 | +5.0% |
| 24651 | Tazewell | $940 | -0.3% |
Nearby counties
Two-bedroom FMR, with how each compares to Tazewell.
Smyth County
21 mi · 29,420 people
$943
same rate
Bland County
23 mi · 6,199 people
$943
same rate
Buchanan County
25 mi · 19,415 people
$943
same rate
Russell County
31 mi · 25,538 people
$943
same rate
Grayson County
36 mi · 15,287 people
$943
same rate
Washington County
36 mi · 53,926 people
$1,091
+16%
Wythe County
36 mi · 28,188 people
$943
same rate
Dickenson County
40 mi · 13,733 people
$943
same rate
Questions people ask
$943 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $794 for a studio, $798 for one bedroom, $1,154 for three and $1,266 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 Tazewell actually go for?
HUD's number is one input. Search any address in Tazewell for a rent estimate built from nearby comps. Free to start, no card.
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