FY2027 Small Area FMR · Blacksburg, VA

ZIP 24060 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24060 (Blacksburg, VA) is $1,470 a month, up 5.8% from FY2026. That is 10% above the Blacksburg-Christiansburg-Radford, VA area-wide FMR of $1,340.

2-bedroom SAFMR$1,470per month ▲ 5.8%

Area-wide 2 BR FMR$1,340Blacksburg-Christiansburg-Ra

Rank in the area1stof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,323

2 BR Small Area FMR$1,470

110% of SAFMR$1,617

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

Studio$1,140▲ 14.0%

1 BR$1,150▲ 5.5%

2 BR$1,470▲ 5.8%

3 BR$1,960▲ 4.8%

4 BR$2,250▼ 3.4%

FY2027 FY2026

Where 24060 sits in the Blacksburg-Christiansburg-Radford, VA area

Of the 18 ZIP codes HUD lists for the area, 24060 has the 1st 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 $1,470 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	$1,140	$1,026 – $1,254	$1,043	$1,000
1 bedroom	$1,150	$1,035 – $1,265	$1,050	$1,090
2 bedrooms	$1,470	$1,323 – $1,617	$1,340	$1,390
3 bedrooms	$1,960	$1,764 – $2,156	$1,783	$1,870
4 bedrooms	$2,250	$2,025 – $2,475	$2,048	$2,330

A household renting a two-bedroom home at the Small Area FMR of $1,470 needs about $58,800 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 24060 lies mainly in Montgomery County. See the Blacksburg-Christiansburg-Radford, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24061	Blacksburg	6.6 mi	$1,470
24128	Newport	6.7 mi	$1,150
24073	Christiansburg	8.3 mi	$1,310
24087	Elliston	10.4 mi	$1,240
24142	Radford	10.8 mi	$1,180
24136	Pembroke	11.2 mi	$940

Questions

What is the Fair Market Rent for ZIP code 24060?

HUD's FY2027 Small Area Fair Market Rents for 24060 are $1,140 (studio), $1,150 (1 BR), $1,470 (2 BR), $1,960 (3 BR) and $2,250 (4 BR) a month.

What is the Section 8 payment standard in 24060?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24060 that range is $1,323 to $1,617 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24060?

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.