FY2027 Small Area FMR · Stephenson, VA

ZIP 22656 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 22656 (Stephenson, VA) is $2,260 a month, down 4.2% from FY2026. That is 50% above the Winchester, VA-WV area-wide FMR of $1,505.

2-bedroom SAFMR$2,260per month ▼ 4.2%

Area-wide 2 BR FMR$1,505Winchester, VA-WV

Rank in the area1stof 34 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,034

2 BR Small Area FMR$2,260

110% of SAFMR$2,486

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,600▼ 5.9%

1 BR$1,770▼ 5.9%

2 BR$2,260▼ 4.2%

3 BR$2,850▼ 3.4%

4 BR$3,780▼ 4.5%

FY2027 FY2026

Where 22656 sits in the Winchester, VA-WV area

Of the 34 ZIP codes HUD lists for the area, 22656 has the 1st highest two-bedroom Small Area FMR. Winchester, VA-WV is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,505 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,260 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,600	$1,440 – $1,760	$1,066	$1,700
1 bedroom	$1,770	$1,593 – $1,947	$1,180	$1,880
2 bedrooms	$2,260	$2,034 – $2,486	$1,505	$2,360
3 bedrooms	$2,850	$2,565 – $3,135	$1,895	$2,950
4 bedrooms	$3,780	$3,402 – $4,158	$2,516	$3,960

A household renting a two-bedroom home at the Small Area FMR of $2,260 needs about $90,400 a year to keep housing costs at 30% of income. The area median family income is $107,000 and the 80% low-income limit for four people is $86,000. ZIP code 22656 lies mainly in Frederick County. See the Winchester, VA-WV metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
22624	Clear Brook	3.2 mi	$1,420
22601	Winchester	5.5 mi	$1,670
25413	Bunker Hill	6.3 mi	$1,310
22611	Berryville	6.9 mi	$1,650
22603	Winchester	7.2 mi	$1,630
25446	Summit Point	7.6 mi	$1,470

Questions

What is the Fair Market Rent for ZIP code 22656?

HUD's FY2027 Small Area Fair Market Rents for 22656 are $1,600 (studio), $1,770 (1 BR), $2,260 (2 BR), $2,850 (3 BR) and $3,780 (4 BR) a month.

What is the Section 8 payment standard in 22656?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 22656 that range is $2,034 to $2,486 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 22656?

The FY2026 income limits of the Winchester, VA-WV area apply: median family income $107,000, low-income (80%) limit $86,000 for a family of four.