FY2026 Fair Market Rents — New Kent County
Studio
$1,442
1BR
$1,507
2BR
$1,655
3BR
$2,072
4BR
$2,553
New Kent County, Virginia
FIPS 51127 · County-level FMR and income limit data
FMR Area: Richmond, VA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,442 | $17,304 |
| 1-Bedroom | $1,507 | $18,084 |
| 2-Bedroom | $1,655 | $19,860 |
| 3-Bedroom | $2,072 | $24,864 |
| 4-Bedroom | $2,553 | $30,636 |
To afford the FY2026 2-bedroom FMR of $1,655/mo under the 30%-of-income rule, a household needs about
$66,200/yr ($5,517/mo). Area Median Income is $113,500.
At VA's state minimum wage of $12.41/hr, a worker would need to work 103 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,442 | $1,507 | $1,655 | $2,072 | $2,553 |
| FY2025 | $1,488 | $1,545 | $1,711 | $2,166 | $2,677 |
| FY2024 | $1,328 | $1,365 | $1,532 | $1,959 | $2,393 |
| FY2023 | $1,157 | $1,183 | $1,336 | $1,727 | $2,100 |
| FY2022 | $1,022 | $1,044 | $1,189 | $1,556 | $1,864 |
| FY2021 | $993 | $1,020 | $1,163 | $1,538 | $1,840 |
| FY2020 | $899 | $932 | $1,061 | $1,410 | $1,686 |
FY2026 Income Limits
Area Median Income: $113,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,850 | $27,250 | $30,650 | $34,050 | $38,680 | $44,360 |
| 50% AMI | $39,750 | $45,400 | $51,100 | $56,750 | $61,300 | $65,850 |
| 80% AMI | $63,600 | $72,650 | $81,750 | $90,800 | $98,100 | $105,350 |