FY2026 Fair Market Rents — Smyth County
Studio
$642
1BR
$753
2BR
$914
3BR
$1,191
4BR
$1,429
Smyth County, Virginia
FIPS 51173 · County-level FMR and income limit data
FMR Area: Smyth County, VA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $642 | $7,704 |
| 1-Bedroom | $753 | $9,036 |
| 2-Bedroom | $914 | $10,968 |
| 3-Bedroom | $1,191 | $14,292 |
| 4-Bedroom | $1,429 | $17,148 |
To afford the FY2026 2-bedroom FMR of $914/mo under the 30%-of-income rule, a household needs about
$36,560/yr ($3,047/mo). Area Median Income is $70,200.
At VA's state minimum wage of $12.41/hr, a worker would need to work 57 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $642 | $753 | $914 | $1,191 | $1,429 |
| FY2025 | $584 | $722 | $851 | $1,099 | $1,383 |
| FY2024 | $613 | $789 | $905 | $1,171 | $1,536 |
| FY2023 | $530 | $681 | $793 | $1,026 | $1,351 |
| FY2022 | $466 | $588 | $702 | $905 | $1,180 |
| FY2021 | $472 | $562 | $701 | $896 | $1,113 |
| FY2020 | $482 | $571 | $714 | $917 | $1,114 |
FY2026 Income Limits
Area Median Income: $70,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,000 | $32,000 | $36,000 | $39,950 | $43,150 | $46,350 |
| 80% AMI | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 |