FY2026 Fair Market Rents — Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,492
1BR
$1,512
2BR
$1,713
3BR
$2,376
4BR
$2,797
Hours/week at min wage
182 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+1%
+$17 vs FY2025 · 5-yr +49.3%
Voucher payment standard
$1,542–$1,884
PHAs set HCV payment at 90–110% of the 2BR FMR

Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

Non-Metropolitan area · NC · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,492 $17,904
1-Bedroom $1,512 $18,144
2-Bedroom $1,713 $20,556
3-Bedroom $2,376 $28,512
4-Bedroom $2,797 $33,564

Recent 2-Bedroom FMR Trend

FY2020 $1,136 → FY2026 $1,713
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,492 $1,512 $1,713 $2,376 $2,797
FY2025 $1,475 $1,483 $1,696 $2,361 $2,809
FY2024 $1,279 $1,287 $1,493 $2,079 $2,532
FY2023 $1,116 $1,137 $1,329 $1,857 $2,264
FY2022 $993 $1,015 $1,193 $1,676 $2,042
FY2021 $960 $972 $1,147 $1,618 $1,986
FY2020 $952 $958 $1,136 $1,603 $1,994

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $107,700

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $22,650 $25,850 $29,100 $33,000 $38,680 $44,360
50% AMI (Very Low) $37,700 $43,100 $48,500 $53,850 $58,200 $62,500
80% AMI (Low) $60,350 $68,950 $77,550 $86,150 $93,050 $99,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$20,556/yr
FMR as % of Area Median Income
19.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$68,520/yr
$5,710/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $942 $1,077 $1,211 $1,453 $1,561
60% AMI Maximum $1,130 $1,292 $1,453 $1,744 $1,873

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,492 $1,512 $1,713 $1,750 $1,750
Low HOME Rent $942 $1,077 $1,212 $1,346 $1,455

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,713. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

23511 $2,440
23456 $2,400
23696 $2,310
23665 $2,300
23322 $2,290

Lowest-cost ZIPs (2BR SAFMR)

23851 $1,100
23898 $1,170
23437 $1,240
23062 $1,260
23690 $1,260
All 152 ZIP codes in this area
23001 23003 23018 23021 23025 23035 23045 23050 23056 23061 23062 23064 23066 23068 23072 23076 23081 23089 23090 23109 23119 23125 23127 23128 23130 23131 23138 23149 23154 23155 23163 23168 23178 23183 23184 23185 23187 23188 23190 23304 23314 23315 23320 23321 23322 23323 23324 23325 23326 23327 23328 23430 23431 23432 23433 23434 23435 23436 23437 23438 23439 23450 23451 23452 23453 23454 23455 23456 23457 23459 23460 23461 23462 23463 23464 23466 23467 23471 23479 23487 23501 23502 23503 23504 23505 23507 23508 23509 23510 23511 23513 23514 23515 23517 23518 23523 23529 23541 23551 23601 23602 23603 23604 23605 23606 23607 23608 23609 23612 23651 23661 23662 23663 23664 23665 23666 23667 23668 23669 23670 23681 23690 23691 23692 23693 23696 23701 23702 23703 23704 23705 23707 23708 23709 23851 23866 23898 27916 27917 27923 27927 27929 27939 27941 27947 27950 27956 27958 27964 27965 27966 27973

Compare Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area With Other NC Metros

vs. Anson County, NC HUD Metro FMR Area vs. Asheville, NC HUD Metro FMR Area vs. Brunswick County, NC HUD Metro FMR Area vs. Brunswick County, NC HUD Metro FMR Area vs. Burlington, NC MSA

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