FY2027 Small Area FMR · Saxis, VA

ZIP 23427 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23427 (Saxis, VA) is $1,110 a month, up 5.7% from FY2026. That is 0% equal to the Accomack County, VA area-wide FMR of $1,110.

2-bedroom SAFMR$1,110per month ▲ 5.7%

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

Rank in the area13thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$999

2 BR Small Area FMR$1,110

110% of SAFMR$1,221

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

Studio$780▲ 5.4%

1 BR$880▲ 3.5%

2 BR$1,110▲ 5.7%

3 BR$1,370▲ 0.7%

4 BR$1,530▼ 0.6%

FY2027 FY2026

Where 23427 sits in the Accomack County, VA area

Of the 37 ZIP codes HUD lists for the area, 23427 has the 13th 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 $1,110 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	$780	$702 – $858	$779	$740
1 bedroom	$880	$792 – $968	$882	$850
2 bedrooms	$1,110	$999 – $1,221	$1,110	$1,050
3 bedrooms	$1,370	$1,233 – $1,507	$1,370	$1,360
4 bedrooms	$1,530	$1,377 – $1,683	$1,528	$1,540

A household renting a two-bedroom home at the Small Area FMR of $1,110 needs about $44,400 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 23427 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
23426	Sanford	1.5 mi	$1,150
23409	Mears	4.2 mi	$1,120
21838	Marion Station	6.0 mi	$1,560
23488	Withams	6.5 mi	$1,150
23308	Bloxom	7.1 mi	$1,140
21817	Crisfield	7.4 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 23427?

HUD's FY2027 Small Area Fair Market Rents for 23427 are $780 (studio), $880 (1 BR), $1,110 (2 BR), $1,370 (3 BR) and $1,530 (4 BR) a month.

What is the Section 8 payment standard in 23427?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23427 that range is $999 to $1,221 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 23427?

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.