FY2027 Small Area FMR · Wise, VA

ZIP 24293 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24293 (Wise, VA) is $960 a month, up 4.3% from FY2026. That is 2% above the Wise County-Norton city, VA HUD Nonmetro FMR Area area-wide FMR of $943.

2-bedroom SAFMR$960per month ▲ 4.3%

Area-wide 2 BR FMR$943Wise County-Norton city, VA

Rank in the area5thof 8 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$730▲ 4.3%

1 BR$730▲ 4.3%

2 BR$960▲ 4.3%

3 BR$1,280▲ 5.8%

4 BR$1,490▲ 3.5%

FY2027 FY2026

Where 24293 sits in the Wise County-Norton city, VA HUD Nonmetro FMR Area area

Of the 8 ZIP codes HUD lists for the area, 24293 has the 5th highest two-bedroom Small Area FMR. Wise County-Norton city, VA HUD Nonmetro FMR Area 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 $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	$730	$657 – $803	$717	$700
1 bedroom	$730	$657 – $803	$722	$700
2 bedrooms	$960	$864 – $1,056	$943	$920
3 bedrooms	$1,280	$1,152 – $1,408	$1,262	$1,210
4 bedrooms	$1,490	$1,341 – $1,639	$1,460	$1,440

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 $64,500 and the 80% low-income limit for four people is $63,900. ZIP code 24293 lies mainly in Wise County. See the Wise County-Norton city, VA HUD Nonmetro FMR Area county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24230	Coeburn	6.3 mi	$1,020
24279	Pound	6.6 mi	$940
24273	Norton	6.7 mi	$940
24269	Mc Clure	10.5 mi	$970
24245	Dungannon	11.7 mi	$1,000
40826	Eolia	12.4 mi	$940

Questions

What is the Fair Market Rent for ZIP code 24293?

HUD's FY2027 Small Area Fair Market Rents for 24293 are $730 (studio), $730 (1 BR), $960 (2 BR), $1,280 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 24293?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24293 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 24293?

The FY2026 income limits of the Wise County-Norton city, VA HUD Nonmetro FMR Area area apply: median family income $64,500, low-income (80%) limit $63,900 for a family of four.