Craig County, VA: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,4642-bedroom FMR, FY2027

$1,2501-bedroom FMR, FY2027

$78,80080% income limit, family of 4 (FY2026)

$98,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Craig County is $1,464 a month, up 16.7% from $1,254 in FY2026. Craig County belongs to the Roanoke, VA HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Craig County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,186	$1,004	+18.1%	$1,068 – $1,304
1 bedroom	$1,250	$1,053	+18.7%	$1,125 – $1,375
2 bedrooms	$1,464	$1,254	+16.7%	$1,318 – $1,610
3 bedrooms	$2,022	$1,743	+16.0%	$1,820 – $2,224
4 bedrooms	$2,447	$2,104	+16.3%	$2,203 – $2,691

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Craig County that is typically $1,318 to $1,610 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$69,057median household income (renter figure not published here)

$713Median gross rent, all units

12%Rent-to-income ratio (median rent ÷ median renter income)

39%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $69,057 can afford about $1,726 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,464 is $262 (15.2%) less than that. To rent a two-bedroom at the FMR, a household needs $58,560 a year under the 30% rule, or $52,704 under the common landlord rule that income must be three times the rent.

Craig County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$713 ±$83
Median household income (renter figure not published here)	$69,057 ±$17,015
Renters paying 30% or more of income (cost-burdened)	39.2% ±32.1
Renters paying 50% or more (severely cost-burdened)	19.4% ±24.0
Renter households (where the share can be computed)	268

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$566	$713	+26.0%
Median renter household income	$55,708	$69,057	+24.0%
Renters paying 30%+ of income	32.6%	39.2%	+6.6 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,130 to $2,200 depending on the ZIP code.

All 61 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
24001	$1,130	$1,190	$1,390	$1,920	$2,320
24002	$1,130	$1,190	$1,390	$1,920	$2,320
24003	$1,130	$1,190	$1,390	$1,920	$2,320
24004	$1,130	$1,190	$1,390	$1,920	$2,320
24005	$1,130	$1,190	$1,390	$1,920	$2,320
24006	$1,130	$1,190	$1,390	$1,920	$2,320
24007	$1,130	$1,190	$1,390	$1,920	$2,320
24008	$1,130	$1,190	$1,390	$1,920	$2,320
24009	$1,130	$1,190	$1,390	$1,920	$2,320
24010	$1,130	$1,190	$1,390	$1,920	$2,320
24011	$1,200	$1,260	$1,480	$2,040	$2,470
24012	$1,200	$1,260	$1,480	$2,040	$2,470
24013	$1,200	$1,260	$1,480	$2,040	$2,470
24014	$1,090	$1,150	$1,350	$1,860	$2,260
24015	$990	$1,040	$1,220	$1,680	$2,040
24016	$1,120	$1,180	$1,380	$1,910	$2,310
24017	$1,180	$1,250	$1,460	$2,020	$2,440
24018	$1,380	$1,450	$1,700	$2,350	$2,840
24019	$1,400	$1,480	$1,730	$2,390	$2,890
24020	$1,400	$1,480	$1,730	$2,390	$2,890
24022	$1,130	$1,190	$1,390	$1,920	$2,320
24023	$1,130	$1,190	$1,390	$1,920	$2,320
24024	$1,130	$1,190	$1,390	$1,920	$2,320
24025	$1,130	$1,190	$1,390	$1,920	$2,320
24026	$1,130	$1,190	$1,390	$1,920	$2,320
24027	$1,130	$1,190	$1,390	$1,920	$2,320
24028	$1,130	$1,190	$1,390	$1,920	$2,320
24029	$1,130	$1,190	$1,390	$1,920	$2,320
24030	$1,130	$1,190	$1,390	$1,920	$2,320
24031	$1,130	$1,190	$1,390	$1,920	$2,320
24032	$1,130	$1,190	$1,390	$1,920	$2,320
24033	$1,130	$1,190	$1,390	$1,920	$2,320
24034	$1,130	$1,190	$1,390	$1,920	$2,320
24035	$1,130	$1,190	$1,390	$1,920	$2,320
24036	$1,130	$1,190	$1,390	$1,920	$2,320
24037	$1,130	$1,190	$1,390	$1,920	$2,320
24038	$1,130	$1,190	$1,390	$1,920	$2,320
24059	$1,090	$1,130	$1,330	$1,810	$2,150
24064	$1,220	$1,270	$1,480	$2,050	$2,410
24065	$1,010	$1,050	$1,160	$1,610	$1,940
24066	$1,350	$1,420	$1,660	$2,290	$2,770
24070	$970	$1,030	$1,210	$1,660	$1,990
24077	$1,360	$1,440	$1,680	$2,320	$2,810
24079	$910	$950	$1,130	$1,570	$1,900
24083	$1,780	$1,880	$2,200	$3,040	$3,680
24085	$970	$1,010	$1,170	$1,590	$1,900
24087	$960	$970	$1,240	$1,650	$1,920
24090	$1,070	$1,130	$1,320	$1,820	$2,210
24101	$1,090	$1,130	$1,240	$1,720	$2,060
24127	$910	$950	$1,130	$1,570	$1,900
24128	$910	$950	$1,150	$1,570	$1,920
24130	$1,120	$1,180	$1,380	$1,910	$2,310
24131	$910	$950	$1,130	$1,570	$1,900
24153	$1,230	$1,300	$1,520	$2,100	$2,540
24175	$1,130	$1,190	$1,390	$1,920	$2,320
24179	$1,020	$1,060	$1,240	$1,710	$2,020
24422	$910	$950	$1,130	$1,570	$1,900
24426	$910	$950	$1,130	$1,570	$1,900
24438	$1,120	$1,180	$1,380	$1,910	$2,310
24450	$910	$980	$1,130	$1,570	$1,900
24579	$960	$1,000	$1,140	$1,570	$1,900

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Craig County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $98,500 (FY2025: $90,600, +8.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,700 +8.7%	$23,650 +8.5%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,500 +8.7%	$39,400 +8.7%	$44,350 +8.7%	$49,250 +8.7%	$53,200 +8.7%	$57,150 +8.8%	$61,100 +8.7%	$65,050 +8.8%
Low income (80%)	$55,200 +8.8%	$63,050 +8.7%	$70,950 +8.7%	$78,800 +8.7%	$85,150 +8.7%	$91,450 +8.7%	$97,750 +8.7%	$104,050 +8.7%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.