FY2027 Small Area FMR · Mint Spring, VA

ZIP 24463 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24463 (Mint Spring, VA) is $1,280 a month, down 3.8% from FY2026. That is 7% above the Staunton-Stuarts Draft, VA area-wide FMR of $1,199.

2-bedroom SAFMR$1,280per month ▼ 3.8%

Area-wide 2 BR FMR$1,199Staunton-Stuarts Draft, VA

Rank in the area11thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$1,110▼ 3.5%

1 BR$1,120▼ 2.6%

2 BR$1,280▼ 3.8%

3 BR$1,740▼ 4.9%

4 BR$1,920▼ 6.3%

FY2027 FY2026

Where 24463 sits in the Staunton-Stuarts Draft, VA area

Of the 32 ZIP codes HUD lists for the area, 24463 has the 11th highest two-bedroom Small Area FMR. Staunton-Stuarts Draft, 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 $1,199 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,280 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	$1,110	$999 – $1,221	$1,041	$1,150
1 bedroom	$1,120	$1,008 – $1,232	$1,047	$1,150
2 bedrooms	$1,280	$1,152 – $1,408	$1,199	$1,330
3 bedrooms	$1,740	$1,566 – $1,914	$1,634	$1,830
4 bedrooms	$1,920	$1,728 – $2,112	$1,798	$2,050

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $98,500 and the 80% low-income limit for four people is $78,800. ZIP code 24463 lies mainly in Augusta County. See the Staunton-Stuarts Draft, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24401	Staunton	4.4 mi	$1,220
24479	Swoope	5.4 mi	$1,220
24421	Churchville	7.2 mi	$1,330
24482	Verona	8.1 mi	$1,290
22939	Fishersville	10.4 mi	$1,800
24411	Augusta Springs	10.6 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 24463?

HUD's FY2027 Small Area Fair Market Rents for 24463 are $1,110 (studio), $1,120 (1 BR), $1,280 (2 BR), $1,740 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 24463?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24463 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24463?

The FY2026 income limits of the Staunton-Stuarts Draft, VA area apply: median family income $98,500, low-income (80%) limit $78,800 for a family of four.