FY2027 Small Area FMR · Bristol, VA

ZIP 24203 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24203 (Bristol, VA) is $1,120 a month, up 2.8% from FY2026. That is 3% above the Kingsport-Bristol, TN-VA area-wide FMR of $1,091.

2-bedroom SAFMR$1,120per month ▲ 2.8%

Area-wide 2 BR FMR$1,091Kingsport-Bristol, TN-VA

Rank in the area13thof 53 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$780▲ 4.0%

1 BR$870▲ 2.4%

2 BR$1,120▲ 2.8%

3 BR$1,410▲ 0.7%

4 BR$1,500▼ 2.0%

FY2027 FY2026

Where 24203 sits in the Kingsport-Bristol, TN-VA area

Of the 53 ZIP codes HUD lists for the area, 24203 has the 13th highest two-bedroom Small Area FMR. Kingsport-Bristol, TN-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 $1,091 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	$780	$702 – $858	$760	$750
1 bedroom	$870	$783 – $957	$845	$850
2 bedrooms	$1,120	$1,008 – $1,232	$1,091	$1,090
3 bedrooms	$1,410	$1,269 – $1,551	$1,375	$1,400
4 bedrooms	$1,500	$1,350 – $1,650	$1,465	$1,530

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 $81,800 and the 80% low-income limit for four people is $65,450. ZIP code 24203 lies mainly in Bristol city. See the Kingsport-Bristol, TN-VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24201	Bristol	1.4 mi	$1,110
24202	Bristol	4.3 mi	$1,080
37620	Bristol	6.2 mi	$1,070
37618	Bluff City	9.5 mi	$1,140
24270	Mendota	9.8 mi	$1,050
37617	Blountville	11.0 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 24203?

HUD's FY2027 Small Area Fair Market Rents for 24203 are $780 (studio), $870 (1 BR), $1,120 (2 BR), $1,410 (3 BR) and $1,500 (4 BR) a month.

What is the Section 8 payment standard in 24203?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24203 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 24203?

The FY2026 income limits of the Kingsport-Bristol, TN-VA area apply: median family income $81,800, low-income (80%) limit $65,450 for a family of four.