FY2027 Small Area FMR · Oak Hall, VA

ZIP 23416 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23416 (Oak Hall, VA) is $1,120 a month, up 3.7% from FY2026. That is 1% above the Accomack County, VA area-wide FMR of $1,110.

2-bedroom SAFMR$1,120per month ▲ 3.7%

Area-wide 2 BR FMR$1,110Accomack County, VA

Rank in the area10thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

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

Studio$790▲ 3.9%

1 BR$890▲ 1.1%

2 BR$1,120▲ 3.7%

3 BR$1,380▼ 1.4%

4 BR$1,550▼ 2.5%

FY2027 FY2026

Where 23416 sits in the Accomack County, VA area

Of the 37 ZIP codes HUD lists for the area, 23416 has the 10th highest two-bedroom Small Area FMR. Accomack 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 $1,110 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 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	$790	$711 – $869	$779	$760
1 bedroom	$890	$801 – $979	$882	$880
2 bedrooms	$1,120	$1,008 – $1,232	$1,110	$1,080
3 bedrooms	$1,380	$1,242 – $1,518	$1,370	$1,400
4 bedrooms	$1,550	$1,395 – $1,705	$1,528	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $76,800 and the 80% low-income limit for four people is $63,900. ZIP code 23416 lies mainly in Accomack County. See the Accomack County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
23442	Temperanceville	2.1 mi	$1,110
23488	Withams	2.1 mi	$1,150
23415	New Church	2.9 mi	$1,130
23303	Atlantic	3.5 mi	$1,110
23359	Hallwood	3.6 mi	$1,090
23337	Wallops Island	4.2 mi	$1,110

Questions

What is the Fair Market Rent for ZIP code 23416?

HUD's FY2027 Small Area Fair Market Rents for 23416 are $790 (studio), $890 (1 BR), $1,120 (2 BR), $1,380 (3 BR) and $1,550 (4 BR) a month.

What is the Section 8 payment standard in 23416?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23416 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 23416?

The FY2026 income limits of the Accomack County, VA area apply: median family income $76,800, low-income (80%) limit $63,900 for a family of four.