FY2027 Small Area FMR · New River, VA

ZIP 24129 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24129 (New River, VA) is $1,180 a month, up 6.3% from FY2026. That is 12% below the Blacksburg-Christiansburg-Radford, VA area-wide FMR of $1,340.

2-bedroom SAFMR$1,180per month ▲ 6.3%

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

Rank in the area12thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,062

2 BR Small Area FMR$1,180

110% of SAFMR$1,298

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

Studio$920▲ 9.5%

1 BR$960▲ 7.9%

2 BR$1,180▲ 6.3%

3 BR$1,570▲ 5.4%

4 BR$1,920▲ 2.7%

FY2027 FY2026

Where 24129 sits in the Blacksburg-Christiansburg-Radford, VA area

Of the 18 ZIP codes HUD lists for the area, 24129 has the 12th 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 $1,180 for this ZIP code instead.

ZIP code 24129 crosses more than one HUD area. HUD also lists it under Pulaski County, VA (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$920	$828 – $1,012	$1,043	$840
1 bedroom	$960	$864 – $1,056	$1,050	$890
2 bedrooms	$1,180	$1,062 – $1,298	$1,340	$1,110
3 bedrooms	$1,570	$1,413 – $1,727	$1,783	$1,490
4 bedrooms	$1,920	$1,728 – $2,112	$2,048	$1,870

A household renting a two-bedroom home at the Small Area FMR of $1,180 needs about $47,200 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 24129 lies mainly in Pulaski 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
24141	Radford	2.1 mi	$1,180
24142	Radford	4.3 mi	$1,180
24058	Belspring	5.6 mi	$1,240
24132	Parrott	7.9 mi	$1,120
24347	Hiwassee	9.7 mi	$1,150
24073	Christiansburg	10.5 mi	$1,310

Questions

What is the Fair Market Rent for ZIP code 24129?

HUD's FY2027 Small Area Fair Market Rents for 24129 are $920 (studio), $960 (1 BR), $1,180 (2 BR), $1,570 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 24129?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24129 that range is $1,062 to $1,298 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24129?

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.