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

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

Studio
$771
1BR
$861
2BR
$944
3BR
$1,313
4BR
$1,584
Hours/week at min wage
59 hrs
to afford the 2BR FMR @ $12.41/hr (VA)
YoY change (2BR)
+8.4%
+$73 vs FY2025 · 5-yr +15.8%
Voucher payment standard
$850–$1,038
PHAs set HCV payment at 90–110% of the 2BR FMR

Franklin 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) $771 $9,252
1-Bedroom $861 $10,332
2-Bedroom $944 $11,328
3-Bedroom $1,313 $15,756
4-Bedroom $1,584 $19,008

Recent 2-Bedroom FMR Trend

FY2020 $717 → FY2026 $944
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $771 $861 $944 $1,313 $1,584
FY2025 $691 $780 $871 $1,220 $1,463
FY2024 $690 $772 $905 $1,169 $1,329
FY2023 $681 $690 $908 $1,105 $1,242
FY2022 $576 $602 $792 $979 $1,087
FY2021 $575 $618 $815 $1,014 $1,127
FY2020 $489 $544 $717 $893 $1,019

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $89,500

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $18,800 $21,640 $27,320 $33,000 $38,680 $44,360
50% AMI (Very Low) $31,350 $35,800 $40,300 $44,750 $48,350 $51,950
80% AMI (Low) $50,150 $57,300 $64,450 $71,600 $77,350 $83,100

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$11,328/yr
FMR as % of Area Median Income
12.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$37,760/yr
$3,147/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 $783 $895 $1,006 $1,208 $1,297
60% AMI Maximum $939 $1,074 $1,208 $1,449 $1,557

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 $771 $861 $944 $1,313 $1,454
Low HOME Rent $783 $895 $1,007 $1,118 $1,208

Compare Franklin 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

Counties in This FMR Area

Related Pages