FY2026 Fair Market Rents — Richmond County
Studio
$876
1BR
$882
2BR
$1,157
3BR
$1,464
4BR
$1,825
Richmond County, Virginia
FIPS 51159 · County-level FMR and income limit data
FMR Area: Richmond County, VA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $876 | $10,512 |
| 1-Bedroom | $882 | $10,584 |
| 2-Bedroom | $1,157 | $13,884 |
| 3-Bedroom | $1,464 | $17,568 |
| 4-Bedroom | $1,825 | $21,900 |
To afford the FY2026 2-bedroom FMR of $1,157/mo under the 30%-of-income rule, a household needs about
$46,280/yr ($3,857/mo). Area Median Income is $97,500.
At VA's state minimum wage of $12.41/hr, a worker would need to work 72 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $876 | $882 | $1,157 | $1,464 | $1,825 |
| FY2025 | $801 | $806 | $1,056 | $1,338 | $1,773 |
| FY2024 | $889 | $895 | $1,110 | $1,342 | $1,884 |
| FY2023 | $723 | $782 | $975 | $1,187 | $1,467 |
| FY2022 | $590 | $688 | $864 | $1,068 | $1,278 |
| FY2021 | $580 | $653 | $861 | $1,081 | $1,271 |
| FY2020 | $600 | $676 | $890 | $1,109 | $1,337 |
FY2026 Income Limits
Area Median Income: $97,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,850 | $22,650 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,050 | $37,800 | $42,500 | $47,200 | $51,000 | $54,800 |
| 80% AMI | $52,850 | $60,400 | $67,950 | $75,500 | $81,550 | $87,600 |