FY2026 Fair Market Rents — Montgomery County
Studio
$910
1BR
$993
2BR
$1,271
3BR
$1,706
4BR
$2,132
Montgomery County, Virginia
FIPS 51121 · County-level FMR and income limit data
FMR Area: Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $910 | $10,920 |
| 1-Bedroom | $993 | $11,916 |
| 2-Bedroom | $1,271 | $15,252 |
| 3-Bedroom | $1,706 | $20,472 |
| 4-Bedroom | $2,132 | $25,584 |
To afford the FY2026 2-bedroom FMR of $1,271/mo under the 30%-of-income rule, a household needs about
$50,840/yr ($4,237/mo). Area Median Income is $119,600.
At VA's state minimum wage of $12.41/hr, a worker would need to work 79 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $910 | $993 | $1,271 | $1,706 | $2,132 |
| FY2025 | $925 | $968 | $1,231 | $1,647 | $2,067 |
| FY2024 | $993 | $999 | $1,261 | $1,721 | $2,140 |
| FY2023 | $827 | $860 | $1,051 | $1,469 | $1,790 |
| FY2022 | $743 | $801 | $935 | $1,328 | $1,600 |
| FY2021 | $795 | $858 | $978 | $1,400 | $1,693 |
| FY2020 | $797 | $872 | $993 | $1,432 | $1,743 |
FY2026 Income Limits
Area Median Income: $119,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $25,150 | $28,750 | $32,350 | $35,900 | $38,800 | $44,360 |
| 50% AMI | $41,900 | $47,850 | $53,850 | $59,800 | $64,600 | $69,400 |
| 80% AMI | $67,000 | $76,600 | $86,150 | $95,700 | $103,400 | $111,050 |