FY2027 Small Area FMR · Pennington Gap, VA

ZIP 24277 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24277 (Pennington Gap, VA) is $950 a month, up 4.4% from FY2026. That is 1% above the Lee County, VA area-wide FMR of $943.

2-bedroom SAFMR$950per month ▲ 4.4%

Area-wide 2 BR FMR$943Lee County, VA

Rank in the area7thof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$855

2 BR Small Area FMR$950

110% of SAFMR$1,045

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

Studio$720▲ 4.3%

1 BR$730▲ 4.3%

2 BR$950▲ 4.4%

3 BR$1,300▲ 4.8%

4 BR$1,330▼ 7.6%

FY2027 FY2026

Where 24277 sits in the Lee County, VA area

Of the 11 ZIP codes HUD lists for the area, 24277 has the 7th highest two-bedroom Small Area FMR. Lee 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 $943 for two bedrooms; an agency that opts in to Small Area FMRs would use $950 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	$720	$648 – $792	$716	$690
1 bedroom	$730	$657 – $803	$721	$700
2 bedrooms	$950	$855 – $1,045	$943	$910
3 bedrooms	$1,300	$1,170 – $1,430	$1,294	$1,240
4 bedrooms	$1,330	$1,197 – $1,463	$1,325	$1,440

A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 a year to keep housing costs at 30% of income. The area median family income is $65,200 and the 80% low-income limit for four people is $63,900. ZIP code 24277 lies mainly in Lee County. See the Lee County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24282	Saint Charles	5.2 mi	$980
24243	Dryden	6.5 mi	$980
40820	Cranks	7.8 mi	$990
24265	Keokee	7.9 mi	$970
24263	Jonesville	8.0 mi	$940
24221	Blackwater	8.5 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 24277?

HUD's FY2027 Small Area Fair Market Rents for 24277 are $720 (studio), $730 (1 BR), $950 (2 BR), $1,300 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 24277?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24277 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24277?

The FY2026 income limits of the Lee County, VA area apply: median family income $65,200, low-income (80%) limit $63,900 for a family of four.