FY2027 Small Area FMR · Fairfield, VA

ZIP 24435 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24435 (Fairfield, VA) is $990 a month, up 4.2% from FY2026. That is 6% below the Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area area-wide FMR of $1,057.

2-bedroom SAFMR$990per month ▲ 4.2%

Area-wide 2 BR FMR$1,057Rockbridge County-Buena Vist

Rank in the area11thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$891

2 BR Small Area FMR$990

110% of SAFMR$1,089

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

Studio$840▲ 2.4%

1 BR$910▲ 4.6%

2 BR$990▲ 4.2%

3 BR$1,370▲ 3.8%

4 BR$1,650▲ 3.8%

FY2027 FY2026

Where 24435 sits in the Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area area

Of the 14 ZIP codes HUD lists for the area, 24435 has the 11th highest two-bedroom Small Area FMR. Rockbridge County-Buena Vista city-Lexington 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 $1,057 for two bedrooms; an agency that opts in to Small Area FMRs would use $990 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	$840	$756 – $924	$896	$820
1 bedroom	$910	$819 – $1,001	$971	$870
2 bedrooms	$990	$891 – $1,089	$1,057	$950
3 bedrooms	$1,370	$1,233 – $1,507	$1,464	$1,320
4 bedrooms	$1,650	$1,485 – $1,815	$1,767	$1,590

A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 a year to keep housing costs at 30% of income. The area median family income is $85,700 and the 80% low-income limit for four people is $68,550. ZIP code 24435 lies mainly in Rockbridge County. See the Rockbridge County-Buena Vista city-Lexington 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
24415	Brownsburg	3.7 mi	$990
24483	Vesuvius	6.4 mi	$1,650
24472	Raphine	6.9 mi	$1,140
24473	Rockbridge Baths	7.5 mi	$990
24476	Steeles Tavern	8.1 mi	$1,280
24459	Middlebrook	10.0 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 24435?

HUD's FY2027 Small Area Fair Market Rents for 24435 are $840 (studio), $910 (1 BR), $990 (2 BR), $1,370 (3 BR) and $1,650 (4 BR) a month.

What is the Section 8 payment standard in 24435?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24435 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24435?

The FY2026 income limits of the Rockbridge County-Buena Vista city-Lexington city, VA HUD Nonmetro FMR Area area apply: median family income $85,700, low-income (80%) limit $68,550 for a family of four.