FY2027 Small Area FMR · Bent Mountain, VA
ZIP 24059 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24059 (Bent Mountain, VA) is $1,330 a month, up 9.9% from FY2026. That is 1% below the Blacksburg-Christiansburg-Radford, VA area-wide FMR of $1,340.
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 24059 sits in the Blacksburg-Christiansburg-Radford, VA area
Of the 18 ZIP codes HUD lists for the area, 24059 has the 8th highest two-bedroom Small Area FMR. Blacksburg-Christiansburg-Radford, 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 $1,340 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,330 for this ZIP code instead.
ZIP code 24059 crosses more than one HUD area. HUD also lists it under Floyd County, VA (same figures), Roanoke, VA (same figures) and Franklin 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 | $1,090 | $981 – $1,199 | $1,043 | $950 |
| 1 bedroom | $1,130 | $1,017 – $1,243 | $1,050 | $1,010 |
| 2 bedrooms | $1,330 | $1,197 – $1,463 | $1,340 | $1,210 |
| 3 bedrooms | $1,810 | $1,629 – $1,991 | $1,783 | $1,640 |
| 4 bedrooms | $2,150 | $1,935 – $2,365 | $2,048 | $1,970 |
A household renting a two-bedroom home at the Small Area FMR of $1,330 needs about $53,200 a year to keep housing costs at 30% of income. The area median family income is $119,600 and the 80% low-income limit for four people is $95,700. ZIP code 24059 lies mainly in Roanoke County, Franklin County and Montgomery County. See the Blacksburg-Christiansburg-Radford, VA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 24059?
HUD's FY2027 Small Area Fair Market Rents for 24059 are $1,090 (studio), $1,130 (1 BR), $1,330 (2 BR), $1,810 (3 BR) and $2,150 (4 BR) a month.
What is the Section 8 payment standard in 24059?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24059 that range is $1,197 to $1,463 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 24059?
The FY2026 income limits of the Blacksburg-Christiansburg-Radford, VA area apply: median family income $119,600, low-income (80%) limit $95,700 for a family of four.