Income Limits by County

HUD Metro FMR Area · 16 counties

Richmond, VA Fair Market Rent & Income Limits

For FY2027 HUD set the two-bedroom Fair Market Rent for the Richmond, VA area at $1,651 a month, down 0.2% from FY2026. The FY2026 median family income is $113,500. The same figures apply in all 16 counties of the area.

2-bedroom FMR$1,651per month ▼ 0.2%
Median family income$113,500FY2026
People in the area1,334,553HUD file, 2024

Fair Market Rent by unit size

FY2027 FY2026

Check your household

Enter your household size and total yearly income before taxes to see which HUD income category it falls in for Richmond, VA.

Low income (80% limit)

A household of 4 earning $88,800 is under the 80% limit of $90,800 for this area. At 30% of income it could pay about $2,220 a month for rent and utilities.

This is a quick comparison with HUD's published limits, not an eligibility decision. Programs count income in their own ways and many have waiting lists; the local housing agency or property decides.

Income limits

FY2026 income limits by household size (yearly gross income)
PeopleExtremely low30% / povertyVery low50%60% (LIHTC)MTSPLow income80%
1$23,850$39,750$47,700$63,600
2$27,250$45,400$54,480$72,650
3$30,650$51,100$61,320$81,750
4$34,050$56,750$68,100$90,800
5$38,680$61,300$73,560$98,100
6$44,360$65,850$79,020$105,350
7$50,040$70,400$84,480$112,600
8$55,720$74,950$89,940$119,900

Two-bedroom FMR since 2001

2-bedroom Fair Market Rent, 2001 to 2027$0$400$800$1,200$1,600$2,000200520102015202020252027$1,651FY2001: $671FY2002: $693FY2003: $780FY2004: $785FY2005: $810FY2006: $757FY2007: $788FY2008: $870FY2009: $925FY2010: $930FY2011: $958FY2012: $878FY2013: $979FY2014: $984FY2015: $993FY2016: $966FY2017: $1,005FY2018: $1,042FY2019: $1,067FY2020: $1,061FY2021: $1,163FY2022: $1,189FY2023: $1,336FY2024: $1,532FY2025: $1,711FY2026: $1,655FY2027: $1,651

Counties in the area

CountyPeople2 BR FMR
Chesterfield County, VA377,869$1,651
Henrico County, VA335,744$1,651
Richmond city, VA229,359$1,651
Hanover County, VA112,879$1,651
Prince George County, VA43,146$1,651
Petersburg city, VA33,537$1,651
Powhatan County, VA31,555$1,651
Dinwiddie County, VA28,191$1,651
Goochland County, VA26,410$1,651
New Kent County, VA25,105$1,651
Hopewell city, VA22,959$1,651
King William County, VA18,593$1,651
Colonial Heights city, VA18,352$1,651
Amelia County, VA13,462$1,651
Sussex County, VA10,765$1,651
Charles City County, VA6,627$1,651

Small Area FMRs across 118 ZIP codes

Two-bedroom Small Area FMRs in the Richmond, VA area run from $940 to $2,480; the middle ZIP code is at $1,550, against the area-wide FMR of $1,651. This is not a mandatory Small Area FMR area; agencies may opt in.

$940$2,480median $1,550

Highest ZIP codes

23120 (Moseley, VA)$2,480
23116 (Mechanicsville, VA)$2,280
23059 (Glen Allen, VA)$2,170
23832 (Chesterfield, VA)$2,150
23801 (Fort Lee, VA)$2,140
23233 (Henrico, VA)$2,050
23226 (Richmond, VA)$2,040
23113 (Midlothian, VA)$2,020

Lowest ZIP codes

23829 (Capron, VA)$940
23847 (Emporia, VA)$1,000
23867 (Jarratt, VA)$1,050
23837 (Courtland, VA)$1,070
23117 (Mineral, VA)$1,140
23888 (Wakefield, VA)$1,150
23024 (Bumpass, VA)$1,260
23015 (Beaverdam, VA)$1,400

Questions

What is the Fair Market Rent in the Richmond, VA area?

HUD's FY2027 Fair Market Rents for the Richmond, VA area are $1,456 (studio), $1,517 (1 BR), $1,651 (2 BR), $2,039 (3 BR) and $2,499 (4 BR) a month.

What is the area median income for Richmond, VA?

The FY2026 median family income is $113,500; the 80% low-income limit for four people is $90,800.

Which counties are in this HUD metro area?

Chesterfield County, VA, Henrico County, VA, Richmond city, VA, Hanover County, VA, Prince George County, VA, Petersburg city, VA, Powhatan County, VA, Dinwiddie County, VA, Goochland County, VA, New Kent County, VA, Hopewell city, VA, King William County, VA, Colonial Heights city, VA, Amelia County, VA, Sussex County, VA and Charles City County, VA.