FY2027 Small Area FMR · Roanoke, VA

ZIP 24018 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24018 (Roanoke, VA) is $1,700 a month, up 16.4% from FY2026. That is 16% above the Roanoke, VA area-wide FMR of $1,464.

2-bedroom SAFMR$1,700per month ▲ 16.4%

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

Rank in the area4thof 61 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,530

2 BR Small Area FMR$1,700

110% of SAFMR$1,870

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

Studio$1,380▲ 17.9%

1 BR$1,450▲ 17.9%

2 BR$1,700▲ 16.4%

3 BR$2,350▲ 15.8%

4 BR$2,840▲ 15.9%

FY2027 FY2026

Where 24018 sits in the Roanoke, VA area

Of the 61 ZIP codes HUD lists for the area, 24018 has the 4th 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 $1,700 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	$1,380	$1,242 – $1,518	$1,186	$1,170
1 bedroom	$1,450	$1,305 – $1,595	$1,250	$1,230
2 bedrooms	$1,700	$1,530 – $1,870	$1,464	$1,460
3 bedrooms	$2,350	$2,115 – $2,585	$2,022	$2,030
4 bedrooms	$2,840	$2,556 – $3,124	$2,447	$2,450

A household renting a two-bedroom home at the Small Area FMR of $1,700 needs about $68,000 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 24018 lies mainly in Roanoke County and 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
24015	Roanoke	4.5 mi	$1,220
24059	Bent Mountain	6.0 mi	$1,330
24016	Roanoke	6.3 mi	$1,380
24017	Roanoke	6.5 mi	$1,460
24011	Roanoke	6.8 mi	$1,480
24014	Roanoke	7.0 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 24018?

HUD's FY2027 Small Area Fair Market Rents for 24018 are $1,380 (studio), $1,450 (1 BR), $1,700 (2 BR), $2,350 (3 BR) and $2,840 (4 BR) a month.

What is the Section 8 payment standard in 24018?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24018 that range is $1,530 to $1,870 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24018?

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.