FY2027 Small Area FMR · Franktown, VA

ZIP 23354 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23354 (Franktown, VA) is $960 a month, up 1.1% from FY2026. That is 3% below the Northampton County, VA area-wide FMR of $992.

2-bedroom SAFMR$960per month ▲ 1.1%

Area-wide 2 BR FMR$992Northampton County, VA

Rank in the area10thof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$730▲ 1.4%

1 BR$740▲ 2.8%

2 BR$960▲ 1.1%

3 BR$1,320■ 0.0%

4 BR$1,620▲ 1.9%

FY2027 FY2026

Where 23354 sits in the Northampton County, VA area

Of the 11 ZIP codes HUD lists for the area, 23354 has the 10th highest two-bedroom Small Area FMR. Northampton County, 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 $992 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 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	$730	$657 – $803	$753	$720
1 bedroom	$740	$666 – $814	$758	$720
2 bedrooms	$960	$864 – $1,056	$992	$950
3 bedrooms	$1,320	$1,188 – $1,452	$1,356	$1,320
4 bedrooms	$1,620	$1,458 – $1,782	$1,658	$1,590

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $86,300 and the 80% low-income limit for four people is $69,050. ZIP code 23354 lies mainly in Northampton County. See the Northampton County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
23413	Nassawadox	3.1 mi	$940
23307	Birdsnest	3.1 mi	$1,000
23405	Machipongo	3.6 mi	$990
23408	Marionville	3.8 mi	$990
23398	Jamesville	4.1 mi	$980
23350	Exmore	4.4 mi	$980

Questions

What is the Fair Market Rent for ZIP code 23354?

HUD's FY2027 Small Area Fair Market Rents for 23354 are $730 (studio), $740 (1 BR), $960 (2 BR), $1,320 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 23354?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23354 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 23354?

The FY2026 income limits of the Northampton County, VA area apply: median family income $86,300, low-income (80%) limit $69,050 for a family of four.