FY2027 Small Area FMR · Roanoke, VA

ZIP 24006 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24006 (Roanoke, VA) is $1,390 a month, up 15.8% from FY2026. That is 5% below the Roanoke, VA area-wide FMR of $1,464.

2-bedroom SAFMR$1,390per month ▲ 15.8%

Area-wide 2 BR FMR$1,464Roanoke, VA

Rank in the area13thof 61 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,251

2 BR Small Area FMR$1,390

110% of SAFMR$1,529

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

Studio$1,130▲ 17.7%

1 BR$1,190▲ 17.8%

2 BR$1,390▲ 15.8%

3 BR$1,920▲ 15.0%

4 BR$2,320▲ 15.4%

FY2027 FY2026

Where 24006 sits in the Roanoke, VA area

Of the 61 ZIP codes HUD lists for the area, 24006 has the 13th highest two-bedroom Small Area FMR. Roanoke, 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 $1,464 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,390 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	$1,130	$1,017 – $1,243	$1,186	$960
1 bedroom	$1,190	$1,071 – $1,309	$1,250	$1,010
2 bedrooms	$1,390	$1,251 – $1,529	$1,464	$1,200
3 bedrooms	$1,920	$1,728 – $2,112	$2,022	$1,670
4 bedrooms	$2,320	$2,088 – $2,552	$2,447	$2,010

A household renting a two-bedroom home at the Small Area FMR of $1,390 needs about $55,600 a year to keep housing costs at 30% of income. The area median family income is $98,500 and the 80% low-income limit for four people is $78,800. ZIP code 24006 lies mainly in Roanoke city. See the Roanoke, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24016	Roanoke	0.2 mi	$1,380
24011	Roanoke	0.9 mi	$1,480
24022	Roanoke	1.4 mi	$1,390
24015	Roanoke	1.8 mi	$1,220
24013	Roanoke	2.0 mi	$1,480
24017	Roanoke	2.4 mi	$1,460

Questions

What is the Fair Market Rent for ZIP code 24006?

HUD's FY2027 Small Area Fair Market Rents for 24006 are $1,130 (studio), $1,190 (1 BR), $1,390 (2 BR), $1,920 (3 BR) and $2,320 (4 BR) a month.

What is the Section 8 payment standard in 24006?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24006 that range is $1,251 to $1,529 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24006?

The FY2026 income limits of the Roanoke, VA area apply: median family income $98,500, low-income (80%) limit $78,800 for a family of four.