FY2027 Small Area FMR · Red Oak, VA
ZIP 23964 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23964 (Red Oak, VA) is $940 a month, up 3.3% from FY2026. That is 0% equal to 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 23964 sits in the Charlotte County, VA area
Of the 15 ZIP codes HUD lists for the area, 23964 has the 13th 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 $940 for this ZIP code instead.
ZIP code 23964 crosses more than one HUD area. HUD also lists it under Mecklenburg 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 | $720 | $648 – $792 | $716 | $690 |
| 1 bedroom | $720 | $648 – $792 | $721 | $700 |
| 2 bedrooms | $940 | $846 – $1,034 | $943 | $910 |
| 3 bedrooms | $1,170 | $1,053 – $1,287 | $1,161 | $1,160 |
| 4 bedrooms | $1,550 | $1,395 – $1,705 | $1,576 | $1,520 |
A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 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 23964 lies mainly in Charlotte County and Mecklenburg 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 23964?
HUD's FY2027 Small Area Fair Market Rents for 23964 are $720 (studio), $720 (1 BR), $940 (2 BR), $1,170 (3 BR) and $1,550 (4 BR) a month.
What is the Section 8 payment standard in 23964?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23964 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 23964?
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.