FY2027 Small Area FMR · Parrott, VA

ZIP 24132 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24132 (Parrott, VA) is $1,120 a month, up 4.7% from FY2026. That is 18% above the Pulaski County, VA area-wide FMR of $952.

2-bedroom SAFMR$1,120per month ▲ 4.7%

Area-wide 2 BR FMR$952Pulaski County, VA

Rank in the area5thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

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

Studio$870▲ 8.8%

1 BR$980▲ 5.4%

2 BR$1,120▲ 4.7%

3 BR$1,430▲ 3.6%

4 BR$1,770▼ 1.1%

FY2027 FY2026

Where 24132 sits in the Pulaski County, VA area

Of the 10 ZIP codes HUD lists for the area, 24132 has the 5th highest two-bedroom Small Area FMR. Pulaski 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 $952 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 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	$870	$783 – $957	$744	$800
1 bedroom	$980	$882 – $1,078	$873	$930
2 bedrooms	$1,120	$1,008 – $1,232	$952	$1,070
3 bedrooms	$1,430	$1,287 – $1,573	$1,267	$1,380
4 bedrooms	$1,770	$1,593 – $1,947	$1,591	$1,790

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $87,600 and the 80% low-income limit for four people is $70,100. ZIP code 24132 lies mainly in Pulaski County. See the Pulaski County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24058	Belspring	2.8 mi	$1,240
24167	Staffordsville	5.1 mi	$1,070
24086	Eggleston	5.2 mi	$1,020
24134	Pearisburg	7.2 mi	$1,070
24142	Radford	7.5 mi	$1,180
24129	New River	7.9 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 24132?

HUD's FY2027 Small Area Fair Market Rents for 24132 are $870 (studio), $980 (1 BR), $1,120 (2 BR), $1,430 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 24132?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24132 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24132?

The FY2026 income limits of the Pulaski County, VA area apply: median family income $87,600, low-income (80%) limit $70,100 for a family of four.