FY2027 Small Area FMR · Radford, VA

ZIP 24142 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24142 (Radford, 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 24142 sits in the Blacksburg-Christiansburg-Radford, VA area

Of the 18 ZIP codes HUD lists for the area, 24142 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.

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 24142 lies mainly in Radford city. 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	3.1 mi	$1,180
24129	New River	4.3 mi	$1,180
24058	Belspring	4.8 mi	$1,240
24073	Christiansburg	7.0 mi	$1,310
24132	Parrott	7.5 mi	$1,120
24149	Riner	10.5 mi	$1,390

Questions

What is the Fair Market Rent for ZIP code 24142?

HUD's FY2027 Small Area Fair Market Rents for 24142 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 24142?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24142 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 24142?

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.