FY2027 Small Area FMR · Ivy, VA

ZIP 22945 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 22945 (Ivy, VA) is $1,740 a month, down 9.8% from FY2026. That is 6% above the Charlottesville, VA area-wide FMR of $1,642.

2-bedroom SAFMR$1,740per month ▼ 9.8%

Area-wide 2 BR FMR$1,642Charlottesville, VA

Rank in the area10thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,566

2 BR Small Area FMR$1,740

110% of SAFMR$1,914

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

Studio$1,350▼ 10.0%

1 BR$1,540▼ 8.9%

2 BR$1,740▼ 9.8%

3 BR$2,120▼ 9.8%

4 BR$2,610▼ 9.7%

FY2027 FY2026

Where 22945 sits in the Charlottesville, VA area

Of the 51 ZIP codes HUD lists for the area, 22945 has the 10th highest two-bedroom Small Area FMR. Charlottesville, VA 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 $1,642 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,740 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	$1,350	$1,215 – $1,485	$1,279	$1,500
1 bedroom	$1,540	$1,386 – $1,694	$1,442	$1,690
2 bedrooms	$1,740	$1,566 – $1,914	$1,642	$1,930
3 bedrooms	$2,120	$1,908 – $2,332	$1,997	$2,350
4 bedrooms	$2,610	$2,349 – $2,871	$2,458	$2,890

A household renting a two-bedroom home at the Small Area FMR of $1,740 needs about $69,600 a year to keep housing costs at 30% of income. The area median family income is $139,800 and the 80% low-income limit for four people is $106,800. ZIP code 22945 lies mainly in Albemarle County. See the Charlottesville, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
22901	Charlottesville	2.8 mi	$1,750
22903	Charlottesville	4.0 mi	$1,710
22904	Charlottesville	4.5 mi	$1,710
22908	Charlottesville	6.3 mi	$1,650
22940	Free Union	6.9 mi	$1,790
22932	Crozet	7.9 mi	$1,940

Questions

What is the Fair Market Rent for ZIP code 22945?

HUD's FY2027 Small Area Fair Market Rents for 22945 are $1,350 (studio), $1,540 (1 BR), $1,740 (2 BR), $2,120 (3 BR) and $2,610 (4 BR) a month.

What is the Section 8 payment standard in 22945?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 22945 that range is $1,566 to $1,914 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 22945?

The FY2026 income limits of the Charlottesville, VA area apply: median family income $139,800, low-income (80%) limit $106,800 for a family of four.