FY2027 Small Area FMR · Paint Bank, VA

ZIP 24131 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24131 (Paint Bank, VA) is $1,130 a month, up 9.7% from FY2026. That is 23% below the Roanoke, VA area-wide FMR of $1,464.

2-bedroom SAFMR$1,130per month ▲ 9.7%

Area-wide 2 BR FMR$1,464Roanoke, VA

Rank in the area56thof 61 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$910▲ 12.3%

1 BR$950▲ 10.5%

2 BR$1,130▲ 9.7%

3 BR$1,570▲ 9.0%

4 BR$1,900▲ 11.8%

FY2027 FY2026

Where 24131 sits in the Roanoke, VA area

Of the 61 ZIP codes HUD lists for the area, 24131 has the 56th 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 $1,130 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	$910	$819 – $1,001	$1,186	$810
1 bedroom	$950	$855 – $1,045	$1,250	$860
2 bedrooms	$1,130	$1,017 – $1,243	$1,464	$1,030
3 bedrooms	$1,570	$1,413 – $1,727	$2,022	$1,440
4 bedrooms	$1,900	$1,710 – $2,090	$2,447	$1,700

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 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 24131 lies mainly in Craig County. See the Roanoke, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24941	Gap Mills	6.6 mi	$970
24127	New Castle	6.7 mi	$1,130
24984	Waiteville	10.8 mi	$970
24925	Caldwell	12.4 mi	$980
24974	Secondcreek	12.8 mi	$950
24070	Catawba	14.8 mi	$1,210

Questions

What is the Fair Market Rent for ZIP code 24131?

HUD's FY2027 Small Area Fair Market Rents for 24131 are $910 (studio), $950 (1 BR), $1,130 (2 BR), $1,570 (3 BR) and $1,900 (4 BR) a month.

What is the Section 8 payment standard in 24131?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24131 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24131?

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.