FY2027 Small Area FMR · Keysville, VA
ZIP 23947 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23947 (Keysville, VA) is $990 a month, up 8.8% from FY2026. That is 5% above the Charlotte County, VA area-wide FMR of $943.
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 23947 sits in the Charlotte County, VA area
Of the 15 ZIP codes HUD lists for the area, 23947 has the 11th highest two-bedroom Small Area FMR. Charlotte 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 $943 for two bedrooms; an agency that opts in to Small Area FMRs would use $990 for this ZIP code instead.
ZIP code 23947 crosses more than one HUD area. HUD also lists it under Lunenburg County, VA (same figures) and Prince Edward 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 | $830 | $747 – $913 | $716 | $750 |
| 1 bedroom | $830 | $747 – $913 | $721 | $750 |
| 2 bedrooms | $990 | $891 – $1,089 | $943 | $910 |
| 3 bedrooms | $1,190 | $1,071 – $1,309 | $1,161 | $1,150 |
| 4 bedrooms | $1,470 | $1,323 – $1,617 | $1,576 | $1,430 |
A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 a year to keep housing costs at 30% of income. The area median family income is $80,200 and the 80% low-income limit for four people is $64,150. ZIP code 23947 lies mainly in Lunenburg County, Charlotte County and Prince Edward County. See the Charlotte County, VA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 23947?
HUD's FY2027 Small Area Fair Market Rents for 23947 are $830 (studio), $830 (1 BR), $990 (2 BR), $1,190 (3 BR) and $1,470 (4 BR) a month.
What is the Section 8 payment standard in 23947?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23947 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 23947?
The FY2026 income limits of the Charlotte County, VA area apply: median family income $80,200, low-income (80%) limit $64,150 for a family of four.