FY2026 Fair Market Rents — Mathews County
Studio
$1,492
1BR
$1,512
2BR
$1,713
3BR
$2,376
4BR
$2,797
Mathews County, Virginia
FIPS 51115 · County-level FMR and income limit data
FMR Area: Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,492 | $17,904 |
| 1-Bedroom | $1,512 | $18,144 |
| 2-Bedroom | $1,713 | $20,556 |
| 3-Bedroom | $2,376 | $28,512 |
| 4-Bedroom | $2,797 | $33,564 |
To afford the FY2026 2-bedroom FMR of $1,713/mo under the 30%-of-income rule, a household needs about
$68,520/yr ($5,710/mo). Area Median Income is $107,700.
At VA's state minimum wage of $12.41/hr, a worker would need to work 107 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,492 | $1,512 | $1,713 | $2,376 | $2,797 |
| FY2025 | $1,475 | $1,483 | $1,696 | $2,361 | $2,809 |
| FY2024 | $1,279 | $1,287 | $1,493 | $2,079 | $2,532 |
| FY2023 | $1,116 | $1,137 | $1,329 | $1,857 | $2,264 |
| FY2022 | $993 | $1,015 | $1,193 | $1,676 | $2,042 |
| FY2021 | $960 | $972 | $1,147 | $1,618 | $1,986 |
| FY2020 | $952 | $958 | $1,136 | $1,603 | $1,994 |
FY2026 Income Limits
Area Median Income: $107,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,650 | $25,850 | $29,100 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,700 | $43,100 | $48,500 | $53,850 | $58,200 | $62,500 |
| 80% AMI | $60,350 | $68,950 | $77,550 | $86,150 | $93,050 | $99,950 |