FY2027 Small Area FMR · Boones Mill, VA
ZIP 24065 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24065 (Boones Mill, VA) is $1,160 a month, up 12.6% from FY2026. That is 21% below the Roanoke, VA area-wide FMR of $1,464.
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 24065 sits in the Roanoke, VA area
Of the 61 ZIP codes HUD lists for the area, 24065 has the 53rd 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 $1,160 for this ZIP code instead.
ZIP code 24065 crosses more than one HUD area. HUD also lists it under 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 | $1,010 | $909 – $1,111 | $1,186 | $810 |
| 1 bedroom | $1,050 | $945 – $1,155 | $1,250 | $890 |
| 2 bedrooms | $1,160 | $1,044 – $1,276 | $1,464 | $1,030 |
| 3 bedrooms | $1,610 | $1,449 – $1,771 | $2,022 | $1,440 |
| 4 bedrooms | $1,940 | $1,746 – $2,134 | $2,447 | $1,700 |
A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 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 24065 lies mainly in Franklin County and Roanoke County. See the Roanoke, 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 24065?
HUD's FY2027 Small Area Fair Market Rents for 24065 are $1,010 (studio), $1,050 (1 BR), $1,160 (2 BR), $1,610 (3 BR) and $1,940 (4 BR) a month.
What is the Section 8 payment standard in 24065?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24065 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 24065?
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.