FY2027 Small Area FMR · Stuarts Draft, VA

ZIP 24477 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24477 (Stuarts Draft, VA) is $1,360 a month, down 4.2% from FY2026. That is 13% above the Staunton-Stuarts Draft, VA area-wide FMR of $1,199.

2-bedroom SAFMR$1,360per month ▼ 4.2%

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

Rank in the area7thof 32 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,224

2 BR Small Area FMR$1,360

110% of SAFMR$1,496

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

Studio$1,180▼ 4.1%

1 BR$1,190▼ 3.3%

2 BR$1,360▼ 4.2%

3 BR$1,850▼ 5.1%

4 BR$2,040▼ 6.8%

FY2027 FY2026

Where 24477 sits in the Staunton-Stuarts Draft, VA area

Of the 32 ZIP codes HUD lists for the area, 24477 has the 7th 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 $1,360 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	$1,180	$1,062 – $1,298	$1,041	$1,230
1 bedroom	$1,190	$1,071 – $1,309	$1,047	$1,230
2 bedrooms	$1,360	$1,224 – $1,496	$1,199	$1,420
3 bedrooms	$1,850	$1,665 – $2,035	$1,634	$1,950
4 bedrooms	$2,040	$1,836 – $2,244	$1,798	$2,190

A household renting a two-bedroom home at the Small Area FMR of $1,360 needs about $54,400 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 24477 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
22952	Lyndhurst	5.2 mi	$1,650
24440	Greenville	6.7 mi	$1,280
22939	Fishersville	7.9 mi	$1,800
24401	Staunton	9.2 mi	$1,220
24464	Montebello	9.4 mi	$1,650
24472	Raphine	10.1 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 24477?

HUD's FY2027 Small Area Fair Market Rents for 24477 are $1,180 (studio), $1,190 (1 BR), $1,360 (2 BR), $1,850 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 24477?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24477 that range is $1,224 to $1,496 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24477?

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.