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

The HUD Fair Market Rent for a 2-bedroom unit in Southampton County-Franklin city, VA HUD Nonmetro FMR Area is $1,051 per month for fiscal year 2026. The studio FMR is $811, 1-bedroom is $817, 3-bedroom is $1,346, and 4-bedroom is $1,764.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $42,040 per year ($3,503 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,051 in Southampton County-Franklin city, VA HUD Nonmetro FMR Area.

FY2026 Fair Market Rents — Southampton County-Franklin city, VA HUD Nonmetro FMR Area

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

Studio

$811

1BR

$817

2BR

$1,051

3BR

$1,346

4BR

$1,764

Hours/week at min wage

66 hrs

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

YoY change (2BR)

-9.9%

$116 vs FY2025 · 5-yr +33.7%

Voucher payment standard

$946–$1,156

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

Southampton County-Franklin 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)	$811	$9,732
1-Bedroom	$817	$9,804
2-Bedroom	$1,051	$12,612
3-Bedroom	$1,346	$16,152
4-Bedroom	$1,764	$21,168

Recent 2-Bedroom FMR Trend

FY2020 $818 → FY2026 $1,051

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$811	$817	$1,051	$1,346	$1,764
FY2025	$884	$890	$1,167	$1,492	$1,960
FY2024	$908	$910	$1,053	$1,339	$1,787
FY2023	$804	$817	$953	$1,244	$1,623
FY2022	$703	$718	$843	$1,128	$1,443
FY2021	$563	$690	$786	$1,096	$1,361
FY2020	$625	$719	$818	$1,135	$1,436

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $96,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,200	$23,050	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$33,600	$38,400	$43,200	$48,000	$51,850	$55,700
80% AMI (Low)	$53,800	$61,450	$69,150	$76,800	$82,950	$89,100

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,612/yr

FMR as % of Area Median Income

13.1% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$42,040/yr

$3,503/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	$840	$960	$1,080	$1,296	$1,391
60% AMI Maximum	$1,008	$1,152	$1,296	$1,555	$1,670

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	$811	$817	$1,051	$1,346	$1,560
Low HOME Rent	$840	$960	$1,080	$1,200	$1,296

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,051. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

23888	$1,190
23878	$1,170
23874	$1,140
23837	$1,120
23827	$1,020

Lowest-cost ZIPs (2BR SAFMR)

23829	$970
23844	$980
23847	$990
23828	$1,010
23827	$1,020

All 10 ZIP codes in this area

23827 23828 23829 23837 23844 23847 23867 23874 23878 23888

Compare Southampton County-Franklin 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

Franklin city