What is the Fair Market Rent for a 2-bedroom in Carroll County-Galax city, VA HUD Nonmetro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Carroll County-Galax city, VA HUD Nonmetro FMR Area is $914 per month for fiscal year 2026. The studio FMR is $765, 1-bedroom is $770, 3-bedroom is $1,271, and 4-bedroom is $1,481.

What income do you need to afford the FMR in Carroll County-Galax city, VA HUD Nonmetro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $36,560 per year ($3,047 per month) to afford the FY2026 2-bedroom Fair Market Rent of $914 in Carroll County-Galax city, VA HUD Nonmetro FMR Area.

FY2026 Fair Market Rents — Carroll County-Galax city, VA HUD Nonmetro FMR Area

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

Studio

$765

1BR

$770

2BR

$914

3BR

$1,271

4BR

$1,481

Hours/week at min wage

57 hrs

to afford the 2BR FMR @ $12.41/hr (VA)

YoY change (2BR)

+7.4%

+$63 vs FY2025 · 5-yr +30.4%

Voucher payment standard

$823–$1,005

PHAs set HCV payment at 90–110% of the 2BR FMR

Carroll County-Galax city, VA HUD Nonmetro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$765	$9,180
1-Bedroom	$770	$9,240
2-Bedroom	$914	$10,968
3-Bedroom	$1,271	$15,252
4-Bedroom	$1,481	$17,772

Recent 2-Bedroom FMR Trend

FY2020 $714 → FY2026 $914

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$765	$770	$914	$1,271	$1,481
FY2025	$701	$706	$851	$1,192	$1,402
FY2024	$728	$732	$905	$1,267	$1,485
FY2023	$588	$643	$793	$1,120	$1,202
FY2022	$479	$597	$702	$997	$1,038
FY2021	$472	$615	$701	$947	$966
FY2020	$482	$627	$714	$1,004	$1,073

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $71,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$16,800	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$28,000	$32,000	$36,000	$39,950	$43,150	$46,350
80% AMI (Low)	$44,750	$51,150	$57,550	$63,900	$69,050	$74,150

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$10,968/yr

FMR as % of Area Median Income

15.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$36,560/yr

$3,047/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	$621	$710	$798	$958	$1,029
60% AMI Maximum	$745	$852	$958	$1,150	$1,235

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	$765	$770	$914	$1,153	$1,153
Low HOME Rent	$700	$800	$900	$998	$1,078

Compare Carroll County-Galax city, VA HUD Nonmetro FMR Area With Other VA Metros

vs. Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area vs. Buckingham County, VA HUD Metro FMR Area vs. Charlottesville, VA HUD Metro FMR Area vs. Culpeper County, VA HUD Metro FMR Area vs. Floyd County, VA HUD Metro FMR Area

Counties in This FMR Area

Carroll County