FY2027 Small Area FMR · Glen Lyn, VA

ZIP 24093 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24093 (Glen Lyn, VA) is $1,020 a month, up 4.1% from FY2026. That is 2% above the Giles County, VA area-wide FMR of $999.

2-bedroom SAFMR$1,020per month ▲ 4.1%

Area-wide 2 BR FMR$999Giles County, VA

Rank in the area4thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$770▲ 6.9%

1 BR$900▲ 4.7%

2 BR$1,020▲ 4.1%

3 BR$1,270▲ 4.1%

4 BR$1,540▼ 1.3%

FY2027 FY2026

Where 24093 sits in the Giles County, VA area

Of the 10 ZIP codes HUD lists for the area, 24093 has the 4th highest two-bedroom Small Area FMR. Giles County, 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 $999 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$770	$693 – $847	$781	$720
1 bedroom	$900	$810 – $990	$918	$860
2 bedrooms	$1,020	$918 – $1,122	$999	$980
3 bedrooms	$1,270	$1,143 – $1,397	$1,190	$1,220
4 bedrooms	$1,540	$1,386 – $1,694	$1,546	$1,560

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $85,400 and the 80% low-income limit for four people is $68,300. ZIP code 24093 lies mainly in Giles County. See the Giles County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24147	Rich Creek	2.3 mi	$1,020
24124	Narrows	4.7 mi	$1,020
24963	Peterstown	6.6 mi	$990
24740	Princeton	8.0 mi	$940
25971	Lerona	9.1 mi	$950
25979	Pipestem	9.3 mi	$980

Questions

What is the Fair Market Rent for ZIP code 24093?

HUD's FY2027 Small Area Fair Market Rents for 24093 are $770 (studio), $900 (1 BR), $1,020 (2 BR), $1,270 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 24093?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24093 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24093?

The FY2026 income limits of the Giles County, VA area apply: median family income $85,400, low-income (80%) limit $68,300 for a family of four.