FY2026 Fair Market Rents — Henry County
Studio
$749
1BR
$753
2BR
$914
3BR
$1,096
4BR
$1,282
Henry County, Virginia
FIPS 51089 · County-level FMR and income limit data
FMR Area: Henry County-Martinsville city, VA HUD Nonmetro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $749 | $8,988 |
| 1-Bedroom | $753 | $9,036 |
| 2-Bedroom | $914 | $10,968 |
| 3-Bedroom | $1,096 | $13,152 |
| 4-Bedroom | $1,282 | $15,384 |
To afford the FY2026 2-bedroom FMR of $914/mo under the 30%-of-income rule, a household needs about
$36,560/yr ($3,047/mo). Area Median Income is $71,500.
At VA's state minimum wage of $12.41/hr, a worker would need to work 57 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $749 | $753 | $914 | $1,096 | $1,282 |
| FY2025 | $675 | $680 | $851 | $1,025 | $1,221 |
| FY2024 | $697 | $701 | $905 | $1,100 | $1,311 |
| FY2023 | $598 | $602 | $793 | $984 | $1,146 |
| FY2022 | $530 | $534 | $702 | $885 | $1,000 |
| FY2021 | $528 | $532 | $701 | $915 | $1,000 |
| FY2020 | $539 | $542 | $714 | $955 | $1,010 |
FY2026 Income Limits
Area Median Income: $71,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,000 | $32,000 | $36,000 | $39,950 | $43,150 | $46,350 |
| 80% AMI | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 |