FY2027 Small Area FMR · Wachapreague, VA

ZIP 23480 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23480 (Wachapreague, VA) is $1,070 a month, up 1.9% from FY2026. That is 4% below the Accomack County, VA area-wide FMR of $1,110.

2-bedroom SAFMR$1,070per month ▲ 1.9%

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

Rank in the area32ndof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$750▲ 1.4%

1 BR$850■ 0.0%

2 BR$1,070▲ 1.9%

3 BR$1,330▼ 2.2%

4 BR$1,480▼ 3.9%

FY2027 FY2026

Where 23480 sits in the Accomack County, VA area

Of the 37 ZIP codes HUD lists for the area, 23480 has the 32nd 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 $1,070 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	$750	$675 – $825	$779	$740
1 bedroom	$850	$765 – $935	$882	$850
2 bedrooms	$1,070	$963 – $1,177	$1,110	$1,050
3 bedrooms	$1,330	$1,197 – $1,463	$1,370	$1,360
4 bedrooms	$1,480	$1,332 – $1,628	$1,528	$1,540

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 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 23480 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
23410	Melfa	2.9 mi	$1,090
23418	Onley	3.3 mi	$1,060
23401	Keller	4.9 mi	$1,430
23301	Accomac	5.3 mi	$1,020
23441	Tasley	6.3 mi	$1,110
23423	Quinby	6.6 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 23480?

HUD's FY2027 Small Area Fair Market Rents for 23480 are $750 (studio), $850 (1 BR), $1,070 (2 BR), $1,330 (3 BR) and $1,480 (4 BR) a month.

What is the Section 8 payment standard in 23480?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23480 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 23480?

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.