FY2027 Small Area FMR · Lynchburg, VA

ZIP 24501 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24501 (Lynchburg, VA) is $1,160 a month, down 7.2% from FY2026. That is 4% above the Lynchburg, VA area-wide FMR of $1,117.

2-bedroom SAFMR$1,160per month ▼ 7.2%

Area-wide 2 BR FMR$1,117Lynchburg, VA

Rank in the area19thof 46 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$1,000▼ 7.4%

1 BR$1,010▼ 7.3%

2 BR$1,160▼ 7.2%

3 BR$1,610▼ 6.4%

4 BR$1,740▼ 5.4%

FY2027 FY2026

Where 24501 sits in the Lynchburg, VA area

Of the 46 ZIP codes HUD lists for the area, 24501 has the 19th highest two-bedroom Small Area FMR. Lynchburg, 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 $1,117 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$1,000	$900 – $1,100	$965	$1,080
1 bedroom	$1,010	$909 – $1,111	$971	$1,090
2 bedrooms	$1,160	$1,044 – $1,276	$1,117	$1,250
3 bedrooms	$1,610	$1,449 – $1,771	$1,547	$1,720
4 bedrooms	$1,740	$1,566 – $1,914	$1,678	$1,840

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $88,300 and the 80% low-income limit for four people is $70,650. ZIP code 24501 lies mainly in Campbell County and Lynchburg city. See the Lynchburg, VA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24515	Lynchburg	3.5 mi	$1,390
24502	Lynchburg	4.4 mi	$1,390
24504	Lynchburg	5.1 mi	$1,180
24588	Rustburg	7.2 mi	$1,070
24572	Madison Heights	7.7 mi	$1,070
24503	Lynchburg	8.6 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 24501?

HUD's FY2027 Small Area Fair Market Rents for 24501 are $1,000 (studio), $1,010 (1 BR), $1,160 (2 BR), $1,610 (3 BR) and $1,740 (4 BR) a month.

What is the Section 8 payment standard in 24501?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24501 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 24501?

The FY2026 income limits of the Lynchburg, VA area apply: median family income $88,300, low-income (80%) limit $70,650 for a family of four.