FY2027 Small Area FMR · Palmyra, VA

ZIP 22963 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 22963 (Palmyra, VA) is $1,820 a month, down 9.9% from FY2026. That is 11% above the Charlottesville, VA area-wide FMR of $1,642.

2-bedroom SAFMR$1,820per month ▼ 9.9%

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

Rank in the area4thof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,638

2 BR Small Area FMR$1,820

110% of SAFMR$2,002

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

Studio$1,420▼ 9.6%

1 BR$1,600▼ 9.6%

2 BR$1,820▼ 9.9%

3 BR$2,220▼ 9.8%

4 BR$2,720▼ 9.9%

FY2027 FY2026

Where 22963 sits in the Charlottesville, VA area

Of the 51 ZIP codes HUD lists for the area, 22963 has the 4th 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 $1,820 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	$1,420	$1,278 – $1,562	$1,279	$1,570
1 bedroom	$1,600	$1,440 – $1,760	$1,442	$1,770
2 bedrooms	$1,820	$1,638 – $2,002	$1,642	$2,020
3 bedrooms	$2,220	$1,998 – $2,442	$1,997	$2,460
4 bedrooms	$2,720	$2,448 – $2,992	$2,458	$3,020

A household renting a two-bedroom home at the Small Area FMR of $1,820 needs about $72,800 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 22963 lies mainly in Fluvanna 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
23055	Fork Union	7.3 mi	$1,650
23022	Bremo Bluff	8.4 mi	$1,650
22974	Troy	8.7 mi	$1,660
23084	Kents Store	10.7 mi	$1,650
23038	Columbia	10.7 mi	$1,650
24590	Scottsville	10.8 mi	$1,650

Questions

What is the Fair Market Rent for ZIP code 22963?

HUD's FY2027 Small Area Fair Market Rents for 22963 are $1,420 (studio), $1,600 (1 BR), $1,820 (2 BR), $2,220 (3 BR) and $2,720 (4 BR) a month.

What is the Section 8 payment standard in 22963?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 22963 that range is $1,638 to $2,002 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 22963?

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.