FY2027 Small Area FMR · Victoria, VA

ZIP 23974 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 23974 (Victoria, VA) is $940 a month, up 3.3% from FY2026. That is 0% equal to the Lunenburg County, VA area-wide FMR of $943.

2-bedroom SAFMR$940per month ▲ 3.3%

Area-wide 2 BR FMR$943Lunenburg County, VA

Rank in the area12thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$800▲ 15.9%

1 BR$870▲ 24.3%

2 BR$940▲ 3.3%

3 BR$1,200▲ 6.2%

4 BR$1,340▲ 6.3%

FY2027 FY2026

Where 23974 sits in the Lunenburg County, VA area

Of the 13 ZIP codes HUD lists for the area, 23974 has the 12th highest two-bedroom Small Area FMR. Lunenburg 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.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$800	$720 – $880	$799	$690
1 bedroom	$870	$783 – $957	$866	$700
2 bedrooms	$940	$846 – $1,034	$943	$910
3 bedrooms	$1,200	$1,080 – $1,320	$1,204	$1,130
4 bedrooms	$1,340	$1,206 – $1,474	$1,337	$1,260

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 $77,200 and the 80% low-income limit for four people is $63,900. ZIP code 23974 lies mainly in Lunenburg County. See the Lunenburg County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
23952	Lunenburg	3.7 mi	$960
23944	Kenbridge	7.5 mi	$1,000
23947	Keysville	11.3 mi	$990
23942	Green Bay	11.5 mi	$990
23954	Meherrin	11.6 mi	$990
23937	Drakes Branch	14.3 mi	$1,320

Questions

What is the Fair Market Rent for ZIP code 23974?

HUD's FY2027 Small Area Fair Market Rents for 23974 are $800 (studio), $870 (1 BR), $940 (2 BR), $1,200 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 23974?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 23974 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 23974?

The FY2026 income limits of the Lunenburg County, VA area apply: median family income $77,200, low-income (80%) limit $63,900 for a family of four.