FY2027 Small Area FMR · Richlands, VA

ZIP 24641 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 24641 (Richlands, VA) is $990 a month, up 3.1% from FY2026. That is 5% above the Tazewell County, VA area-wide FMR of $943.

2-bedroom SAFMR$990per month ▲ 3.1%

Area-wide 2 BR FMR$943Tazewell County, VA

Rank in the area7thof 19 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$830▲ 9.2%

1 BR$840▲ 9.1%

2 BR$990▲ 3.1%

3 BR$1,210▲ 5.2%

4 BR$1,330▲ 0.8%

FY2027 FY2026

Where 24641 sits in the Tazewell County, VA area

Of the 19 ZIP codes HUD lists for the area, 24641 has the 7th highest two-bedroom Small Area FMR. Tazewell 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 $943 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	$830	$747 – $913	$794	$760
1 bedroom	$840	$756 – $924	$798	$770
2 bedrooms	$990	$891 – $1,089	$943	$960
3 bedrooms	$1,210	$1,089 – $1,331	$1,154	$1,150
4 bedrooms	$1,330	$1,197 – $1,463	$1,266	$1,320

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 $69,500 and the 80% low-income limit for four people is $63,900. ZIP code 24641 lies mainly in Tazewell County. See the Tazewell County, VA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
24612	Doran	2.3 mi	$950
24639	Raven	5.8 mi	$940
24637	Pounding Mill	6.0 mi	$960
24649	Swords Creek	6.3 mi	$940
24609	Cedar Bluff	7.1 mi	$970
24622	Jewell Ridge	7.1 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 24641?

HUD's FY2027 Small Area Fair Market Rents for 24641 are $830 (studio), $840 (1 BR), $990 (2 BR), $1,210 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 24641?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 24641 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 24641?

The FY2026 income limits of the Tazewell County, VA area apply: median family income $69,500, low-income (80%) limit $63,900 for a family of four.