What is the Fair Market Rent for a 2-bedroom in Lynchburg, VA MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Lynchburg, VA MSA is $790 per month for fiscal year 2019. The studio FMR is $579, 1-bedroom is $637, 3-bedroom is $1,071, and 4-bedroom is $1,300.

What income do you need to afford the FMR in Lynchburg, VA MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $31,600 per year ($2,633 per month) to afford the FY2019 2-bedroom Fair Market Rent of $790 in Lynchburg, VA MSA.

FY2019 Fair Market Rents — Lynchburg, VA MSA

The HUD-published Fair Market Rents for FY2019 in this area are:

Studio

$579

1BR

$637

2BR

$790

3BR

$1,071

4BR

$1,300

Hours/week at min wage

49 hrs

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

YoY change (2BR)

-0.4%

$3 vs FY2018

Voucher payment standard

$711–$869

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

Lynchburg, VA MSA

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

FY2019 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$579	$6,948
1-Bedroom	$637	$7,644
2-Bedroom	$790	$9,480
3-Bedroom	$1,071	$12,852
4-Bedroom	$1,300	$15,600

Recent 2-Bedroom FMR Trend

FY2017 $789 → FY2019 $790

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2019	$579	$637	$790	$1,071	$1,300
FY2018	$568	$636	$793	$1,079	$1,281
FY2017	$575	$634	$789	$1,069	$1,234

View full FMR history back to FY2000 →

FY2019 Income Limits

Area Median Income (AMI): $68,900

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$14,500	$16,910	$21,330	$25,750	$30,170	$34,590
50% AMI (Very Low)	$24,150	$27,600	$31,050	$34,450	$37,250	$40,000
80% AMI (Low)	$38,600	$44,100	$49,600	$55,100	$59,550	$63,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$9,480/yr

FMR as % of Area Median Income

13.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$31,600/yr

$2,633/mo gross income

FY2019 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	$602	$689	$775	$930	$999
60% AMI Maximum	$723	$826	$930	$1,116	$1,198

FY2019 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	$579	$637	$790	$1,071	$1,119
Low HOME Rent	$603	$690	$776	$861	$931

Compare Lynchburg, VA MSA 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