FY2027 Fair Market Rent · Virginia
Buena Vista city Fair Market Rent & Income Limits
HUD's FY2027 Fair Market Rent for a two-bedroom home in Buena Vista city, VA is $1,057 a month, up 5.2% from FY2026. The area median family income is $85,700, and a family of four counts as low income up to $68,550 a year.
Fair Market Rent by unit size
FY2027 FY2026
Fair Market Rents are gross rents: rent plus the cost of all utilities except phone, cable and internet.
Check your household
Enter your household size and total yearly income before taxes to see which HUD income category it falls in for Buena Vista city, VA.
Low income (80% limit)
A household of 4 earning $66,550 is under the 80% limit of $68,550 for this area. At 30% of income it could pay about $1,664 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 in Buena Vista city
HUD's FY2026 income limits for Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area are based on a median family income of $85,700. Programs such as Housing Choice Vouchers, public housing and HOME use the 30%, 50% and 80% columns; Low-Income Housing Tax Credit properties use the 50% and 60% Multifamily Tax Subsidy Project limits.
| People | Extremely low30% / poverty | Very low50% | 60% (LIHTC)MTSP | Low income80% |
|---|---|---|---|---|
| 1 | $18,000 | $30,000 | $36,000 | $48,000 |
| 2 | $21,640 | $34,300 | $41,160 | $54,850 |
| 3 | $27,320 | $38,600 | $46,320 | $61,700 |
| 4 | $33,000 | $42,850 | $51,420 | $68,550 |
| 5 | $38,680 | $46,300 | $55,560 | $74,050 |
| 6 | $44,360 | $49,750 | $59,700 | $79,550 |
| 7 | $50,040 | $53,150 | $63,780 | $85,050 |
| 8 | $55,720 | $56,600 | $67,920 | $90,500 |
Rent history
Since FY2017 the two-bedroom FMR here has gone from $706 to $1,057, up 49.7% over ten years. HUD has published a two-bedroom FMR for this area since FY1983, when it was $300.
What it takes to afford the rent
To keep a two-bedroom rent of $1,057 at no more than 30% of income, the usual affordability rule, a household needs about $42,300 a year. That is 49% of the area median family income of $85,700, so a typical family can afford it with room to spare.
| Unit | FY2027 | FY2026 | FY2025 | Income to affordat 30% |
|---|---|---|---|---|
| Studio | $896 | $870 | $777 | $35,800 |
| 1 bedroom | $971 | $917 | $812 | $38,800 |
| 2 bedrooms | $1,057 | $1,005 | $899 | $42,300 |
| 3 bedrooms | $1,464 | $1,398 | $1,260 | $58,600 |
| 4 bedrooms | $1,767 | $1,686 | $1,510 | $70,700 |
How Buena Vista city compares
Buena Vista city is outside any metropolitan area, so HUD calculates a separate non-metro Fair Market Rent and income limits for the county itself.
Buena Vista city has the 94th highest two-bedroom Fair Market Rent of the 133 counties in Virginia; the population-weighted average across Virginia is $1,792 and the nationwide average is $1,751.
Questions
What is the Fair Market Rent in Buena Vista city, VA for 2027?
For FY2027 (October 1, 2026 to September 30, 2027) HUD's Fair Market Rents in Buena Vista city, VA are $896 for a studio, $971 for one bedroom, $1,057 for two bedrooms, $1,464 for three and $1,767 for four bedrooms, per month including utilities.
What is the area median income in Buena Vista city, VA?
HUD's FY2026 median family income for the area is $85,700, up 0.6% from $85,200 in FY2025.
What is 80% of AMI in Buena Vista city, VA for a family of 4?
The FY2026 low-income limit (80%) for a household of four is $68,550 a year. The very low-income limit (50%) is $42,850 and the extremely low-income limit is $33,000.
What is the 60% AMI limit for tax credit housing in Buena Vista city, VA?
Under HUD's FY2026 Multifamily Tax Subsidy Project limits, the 60% limit is $36,000 for one person and $51,420 for four.
Is the Fair Market Rent the same as the Section 8 payment standard?
No. Housing agencies set their payment standard between 90% and 110% of the FMR (for a two-bedroom here: $951 to $1,163), and can ask HUD for exceptions. Check the payment standard with your local housing agency.