FY2027 Small Area FMR · Rocky Mount, VA

ZIP 24151 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24151 (Rocky Mount, VA) is $1,070 a month, up 12.6% from FY2026. That is 1% below the Franklin County, VA area-wide FMR of $1,080.

2-bedroom SAFMR$1,070per month ▲ 12.6%

Area-wide 2 BR FMR$1,080Franklin County, VA

Rank in the area11thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$940▲ 20.5%

1 BR$980▲ 12.6%

2 BR$1,070▲ 12.6%

3 BR$1,480▲ 12.1%

4 BR$1,790▲ 12.6%

FY2027 FY2026

Where 24151 sits in the Franklin County, VA area

Of the 18 ZIP codes HUD lists for the area, 24151 has the 11th highest two-bedroom Small Area FMR. Franklin 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 $1,080 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$940	$846 – $1,034	$949	$780
1 bedroom	$980	$882 – $1,078	$987	$870
2 bedrooms	$1,070	$963 – $1,177	$1,080	$950
3 bedrooms	$1,480	$1,332 – $1,628	$1,495	$1,320
4 bedrooms	$1,790	$1,611 – $1,969	$1,805	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $89,500 and the 80% low-income limit for four people is $71,600. ZIP code 24151 lies mainly in Franklin County. See the Franklin County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24092	Glade Hill	7.1 mi	$950
24176	Union Hall	10.2 mi	$1,280
24184	Wirtz	10.4 mi	$940
24102	Henry	10.7 mi	$950
24137	Penhook	11.6 mi	$1,210
24067	Callaway	12.0 mi	$940

Questions

What is the Fair Market Rent for ZIP code 24151?

HUD's FY2027 Small Area Fair Market Rents for 24151 are $940 (studio), $980 (1 BR), $1,070 (2 BR), $1,480 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 24151?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24151 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24151?

The FY2026 income limits of the Franklin County, VA area apply: median family income $89,500, low-income (80%) limit $71,600 for a family of four.