FY2027 Small Area FMR · West Point, VA
ZIP 23181 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23181 (West Point, VA) is $1,520 a month, down 3.8% from FY2026. That is 8% below the Richmond, VA area-wide FMR of $1,651.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 23181 sits in the Richmond, VA area
Of the 118 ZIP codes HUD lists for the area, 23181 has the 63rd 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 $1,520 for this ZIP code instead.
ZIP code 23181 crosses more than one HUD area. HUD also lists it under King and Queen County, VA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,340 | $1,206 – $1,474 | $1,456 | $1,380 |
| 1 bedroom | $1,400 | $1,260 – $1,540 | $1,517 | $1,440 |
| 2 bedrooms | $1,520 | $1,368 – $1,672 | $1,651 | $1,580 |
| 3 bedrooms | $1,880 | $1,692 – $2,068 | $2,039 | $1,980 |
| 4 bedrooms | $2,300 | $2,070 – $2,530 | $2,499 | $2,440 |
A household renting a two-bedroom home at the Small Area FMR of $1,520 needs about $60,800 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 23181 lies mainly in King William County and New Kent County. See the Richmond, VA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 23181?
HUD's FY2027 Small Area Fair Market Rents for 23181 are $1,340 (studio), $1,400 (1 BR), $1,520 (2 BR), $1,880 (3 BR) and $2,300 (4 BR) a month.
What is the Section 8 payment standard in 23181?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23181 that range is $1,368 to $1,672 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 23181?
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.