FY2026 Fair Market Rents — Madison County, VA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$923
1BR
$971
2BR
$1,066
3BR
$1,483
4BR
$1,667
Hours/week at min wage
67 hrs
to afford the 2BR FMR @ $12.41/hr (VA)
YoY change (2BR)
-2.7%
$30 vs FY2025 · 5-yr +15.6%
Voucher payment standard
$959–$1,173
PHAs set HCV payment at 90–110% of the 2BR FMR
Madison County, VA
Non-Metropolitan area · VA · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $923 | $11,076 |
| 1-Bedroom | $971 | $11,652 |
| 2-Bedroom | $1,066 | $12,792 |
| 3-Bedroom | $1,483 | $17,796 |
| 4-Bedroom | $1,667 | $20,004 |
Recent 2-Bedroom FMR Trend
FY2020 $959 → FY2026 $1,066
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $923 | $971 | $1,066 | $1,483 | $1,667 |
| FY2025 | $907 | $913 | $1,096 | $1,361 | $1,609 |
| FY2024 | $786 | $792 | $1,040 | $1,285 | $1,526 |
| FY2023 | $743 | $748 | $984 | $1,225 | $1,462 |
| FY2022 | $723 | $727 | $957 | $1,183 | $1,450 |
| FY2021 | $621 | $700 | $922 | $1,147 | $1,361 |
| FY2020 | $647 | $728 | $959 | $1,195 | $1,441 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $108,700
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,850 | $23,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $34,650 | $39,600 | $44,550 | $49,550 | $53,500 | $57,450 |
| 80% AMI (Low) | $55,450 | $63,400 | $71,300 | $79,250 | $85,600 | $91,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,792/yr
FMR as % of Area Median Income
11.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$42,640/yr
$3,553/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 | $951 | $1,087 | $1,222 | $1,467 | $1,576 |
| 60% AMI Maximum | $1,141 | $1,304 | $1,467 | $1,760 | $1,891 |
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 | $923 | $971 | $1,066 | $1,483 | $1,667 |
| Low HOME Rent | $866 | $990 | $1,113 | $1,238 | $1,337 |
Compare Madison County, VA With Other VA Metros
vs. Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area
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vs. Charlottesville, VA HUD Metro FMR Area
vs. Culpeper County, VA HUD Metro FMR Area
vs. Floyd County, VA HUD Metro FMR Area