FY2027 Small Area FMR · Ripplemead, VA

ZIP 24150 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24150 (Ripplemead, VA) is $960 a month, up 2.1% from FY2026. That is 4% below the Giles County, VA area-wide FMR of $999.

2-bedroom SAFMR$960per month ▲ 2.1%

Area-wide 2 BR FMR$999Giles County, VA

Rank in the area8thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$750▲ 5.6%

1 BR$870▲ 3.6%

2 BR$960▲ 2.1%

3 BR$1,190▲ 2.6%

4 BR$1,490▼ 3.2%

FY2027 FY2026

Where 24150 sits in the Giles County, VA area

Of the 10 ZIP codes HUD lists for the area, 24150 has the 8th highest two-bedroom Small Area FMR. Giles 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 $999 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 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	$750	$675 – $825	$781	$710
1 bedroom	$870	$783 – $957	$918	$840
2 bedrooms	$960	$864 – $1,056	$999	$940
3 bedrooms	$1,190	$1,071 – $1,309	$1,190	$1,160
4 bedrooms	$1,490	$1,341 – $1,639	$1,546	$1,540

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $85,400 and the 80% low-income limit for four people is $68,300. ZIP code 24150 lies mainly in Giles County. See the Giles County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24136	Pembroke	3.6 mi	$940
24951	Lindside	7.2 mi	$940
24086	Eggleston	7.3 mi	$1,020
24963	Peterstown	8.2 mi	$990
24128	Newport	8.3 mi	$1,150
24167	Staffordsville	10.2 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 24150?

HUD's FY2027 Small Area Fair Market Rents for 24150 are $750 (studio), $870 (1 BR), $960 (2 BR), $1,190 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 24150?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24150 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24150?

The FY2026 income limits of the Giles County, VA area apply: median family income $85,400, low-income (80%) limit $68,300 for a family of four.