FY2026 Fair Market Rents — Botetourt County
Studio
$1,004
1BR
$1,053
2BR
$1,254
3BR
$1,743
4BR
$2,104
Botetourt County, Virginia
FIPS 51023 · County-level FMR and income limit data
FMR Area: Roanoke, VA HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,004 | $12,048 |
| 1-Bedroom | $1,053 | $12,636 |
| 2-Bedroom | $1,254 | $15,048 |
| 3-Bedroom | $1,743 | $20,916 |
| 4-Bedroom | $2,104 | $25,248 |
To afford the FY2026 2-bedroom FMR of $1,254/mo under the 30%-of-income rule, a household needs about
$50,160/yr ($4,180/mo). Area Median Income is $98,500.
At VA's state minimum wage of $12.41/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,004 | $1,053 | $1,254 | $1,743 | $2,104 |
| FY2025 | $892 | $948 | $1,141 | $1,597 | $1,885 |
| FY2024 | $811 | $894 | $1,088 | $1,513 | $1,760 |
| FY2023 | $723 | $803 | $990 | $1,358 | $1,533 |
| FY2022 | $617 | $700 | $879 | $1,187 | $1,316 |
| FY2021 | $641 | $743 | $941 | $1,268 | $1,387 |
| FY2020 | $555 | $668 | $844 | $1,146 | $1,261 |
FY2026 Income Limits
Area Median Income: $98,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,700 | $23,650 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,500 | $39,400 | $44,350 | $49,250 | $53,200 | $57,150 |
| 80% AMI | $55,200 | $63,050 | $70,950 | $78,800 | $85,150 | $91,450 |