FY2026 Fair Market Rents — Madison County
Studio
$923
1BR
$971
2BR
$1,066
3BR
$1,483
4BR
$1,667
Madison County, Virginia
FIPS 51113 · County-level FMR and income limit data
FMR Area: Madison County, VA
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 |
To afford the FY2026 2-bedroom FMR of $1,066/mo under the 30%-of-income rule, a household needs about
$42,640/yr ($3,553/mo). Area Median Income is $108,700.
At VA's state minimum wage of $12.41/hr, a worker would need to work 67 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $108,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,850 | $23,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,650 | $39,600 | $44,550 | $49,550 | $53,500 | $57,450 |
| 80% AMI | $55,450 | $63,400 | $71,300 | $79,250 | $85,600 | $91,950 |