What is the Fair Market Rent for a 2-bedroom in Floyd County, VA HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Floyd County, VA HUD Metro FMR Area is $1,094 per month for fiscal year 2026. The studio FMR is $830, 1-bedroom is $834, 3-bedroom is $1,312, and 4-bedroom is $1,448.

What income do you need to afford the FMR in Floyd County, VA HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $43,760 per year ($3,647 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,094 in Floyd County, VA HUD Metro FMR Area.

FY2026 Fair Market Rents — Floyd County, VA HUD Metro FMR Area

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

Studio

$830

1BR

$834

2BR

$1,094

3BR

$1,312

4BR

$1,448

Hours/week at min wage

68 hrs

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

YoY change (2BR)

+20%

+$182 vs FY2025 · 5-yr +56.1%

Voucher payment standard

$985–$1,203

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

Floyd County, VA HUD Metro 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)	$830	$9,960
1-Bedroom	$834	$10,008
2-Bedroom	$1,094	$13,128
3-Bedroom	$1,312	$15,744
4-Bedroom	$1,448	$17,376

Recent 2-Bedroom FMR Trend

FY2020 $714 → FY2026 $1,094

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$830	$834	$1,094	$1,312	$1,448
FY2025	$691	$695	$912	$1,149	$1,209
FY2024	$725	$730	$905	$1,212	$1,217
FY2023	$588	$636	$793	$1,127	$1,186
FY2022	$541	$559	$702	$997	$1,093
FY2021	$601	$615	$701	$1,003	$1,214
FY2020	$609	$627	$714	$1,030	$1,254

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $88,500

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,600	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$31,000	$35,400	$39,850	$44,250	$47,800	$51,350
80% AMI (Low)	$49,600	$56,650	$63,750	$70,800	$76,500	$82,150

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$13,128/yr

FMR as % of Area Median Income

14.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$43,760/yr

$3,647/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	$774	$885	$995	$1,194	$1,283
60% AMI Maximum	$929	$1,062	$1,194	$1,433	$1,539

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	$830	$834	$1,094	$1,312	$1,438
Low HOME Rent	$775	$885	$996	$1,106	$1,195

Compare Floyd County, VA HUD Metro 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