FY2027 Small Area FMR · Millboro, VA

ZIP 24460 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24460 (Millboro, VA) is $940 a month, up 1.1% from FY2026. That is 7% below the Bath County, VA area-wide FMR of $1,010.

2-bedroom SAFMR$940per month ▲ 1.1%

Area-wide 2 BR FMR$1,010Bath County, VA

Rank in the area7thof 7 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$770▼ 2.5%

1 BR$780▼ 3.7%

2 BR$940▲ 1.1%

3 BR$1,130▼ 9.6%

4 BR$1,460▼ 0.7%

FY2027 FY2026

Where 24460 sits in the Bath County, VA area

Of the 7 ZIP codes HUD lists for the area, 24460 has the 7th highest two-bedroom Small Area FMR. Bath 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 $1,010 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 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	$770	$693 – $847	$830	$790
1 bedroom	$780	$702 – $858	$835	$810
2 bedrooms	$940	$846 – $1,034	$1,010	$930
3 bedrooms	$1,130	$1,017 – $1,243	$1,203	$1,250
4 bedrooms	$1,460	$1,314 – $1,606	$1,563	$1,470

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $89,700 and the 80% low-income limit for four people is $71,750. ZIP code 24460 lies mainly in Bath County. See the Bath County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24439	Goshen	8.9 mi	$1,140
24412	Bacova	9.5 mi	$1,010
24484	Warm Springs	12.1 mi	$960
24487	Williamsville	12.8 mi	$990
24473	Rockbridge Baths	14.0 mi	$990
24422	Clifton Forge	14.1 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 24460?

HUD's FY2027 Small Area Fair Market Rents for 24460 are $770 (studio), $780 (1 BR), $940 (2 BR), $1,130 (3 BR) and $1,460 (4 BR) a month.

What is the Section 8 payment standard in 24460?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24460 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24460?

The FY2026 income limits of the Bath County, VA area apply: median family income $89,700, low-income (80%) limit $71,750 for a family of four.