FY2027 Small Area FMR · Pilot, VA

ZIP 24138 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24138 (Pilot, VA) is $1,150 a month, up 3.6% from FY2026. That is 14% below the Blacksburg-Christiansburg-Radford, VA area-wide FMR of $1,340.

2-bedroom SAFMR$1,150per month ▲ 3.6%

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

Rank in the area15thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$820▼ 2.4%

1 BR$900▲ 2.3%

2 BR$1,150▲ 3.6%

3 BR$1,540▲ 3.4%

4 BR$1,920▲ 2.7%

FY2027 FY2026

Where 24138 sits in the Blacksburg-Christiansburg-Radford, VA area

Of the 18 ZIP codes HUD lists for the area, 24138 has the 15th 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 $1,150 for this ZIP code instead.

ZIP code 24138 crosses more than one HUD area. HUD also lists it under Floyd 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	$820	$738 – $902	$1,043	$840
1 bedroom	$900	$810 – $990	$1,050	$880
2 bedrooms	$1,150	$1,035 – $1,265	$1,340	$1,110
3 bedrooms	$1,540	$1,386 – $1,694	$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 $1,150 needs about $46,000 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 24138 lies mainly in Montgomery County and Floyd 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
24072	Check	3.5 mi	$1,090
24162	Shawsville	6.7 mi	$1,150
24149	Riner	7.2 mi	$1,390
24079	Copper Hill	8.1 mi	$1,130
24091	Floyd	8.6 mi	$1,110
24073	Christiansburg	9.0 mi	$1,310

Questions

What is the Fair Market Rent for ZIP code 24138?

HUD's FY2027 Small Area Fair Market Rents for 24138 are $820 (studio), $900 (1 BR), $1,150 (2 BR), $1,540 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 24138?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24138 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24138?

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.