FY2027 Small Area FMR · Glen Allen, VA

ZIP 23059 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23059 (Glen Allen, VA) is $2,170 a month, down 1.4% from FY2026. That is 31% above the Richmond, VA area-wide FMR of $1,651.

2-bedroom SAFMR$2,170per month ▼ 1.4%

Area-wide 2 BR FMR$1,651Richmond, VA

Rank in the area3rdof 118 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,953

2 BR Small Area FMR$2,170

110% of SAFMR$2,387

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

Studio$1,910▼ 0.5%

1 BR$1,990▼ 0.5%

2 BR$2,170▼ 1.4%

3 BR$2,680▼ 2.5%

4 BR$3,280▼ 3.2%

FY2027 FY2026

Where 23059 sits in the Richmond, VA area

Of the 118 ZIP codes HUD lists for the area, 23059 has the 3rd highest two-bedroom Small Area FMR. Richmond, 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 $1,651 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,170 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	$1,910	$1,719 – $2,101	$1,456	$1,920
1 bedroom	$1,990	$1,791 – $2,189	$1,517	$2,000
2 bedrooms	$2,170	$1,953 – $2,387	$1,651	$2,200
3 bedrooms	$2,680	$2,412 – $2,948	$2,039	$2,750
4 bedrooms	$3,280	$2,952 – $3,608	$2,499	$3,390

A household renting a two-bedroom home at the Small Area FMR of $2,170 needs about $86,800 a year to keep housing costs at 30% of income. The area median family income is $113,500 and the 80% low-income limit for four people is $90,800. ZIP code 23059 lies mainly in Hanover County, Henrico County and Goochland County. See the Richmond, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
23060	Glen Allen	3.7 mi	$1,960
23233	Henrico	4.7 mi	$2,050
23294	Henrico	5.2 mi	$1,970
23005	Ashland	6.4 mi	$1,490
23228	Henrico	6.9 mi	$1,810
23146	Rockville	7.6 mi	$1,960

Questions

What is the Fair Market Rent for ZIP code 23059?

HUD's FY2027 Small Area Fair Market Rents for 23059 are $1,910 (studio), $1,990 (1 BR), $2,170 (2 BR), $2,680 (3 BR) and $3,280 (4 BR) a month.

What is the Section 8 payment standard in 23059?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23059 that range is $1,953 to $2,387 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 23059?

The FY2026 income limits of the Richmond, VA area apply: median family income $113,500, low-income (80%) limit $90,800 for a family of four.