Floyd 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).

$1,0902-bedroom FMR, FY2027

$8331-bedroom FMR, FY2027

$70,80080% income limit, family of 4 (FY2026)

$88,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Floyd County is $1,090 a month, down 0.4% from $1,094 in FY2026. Floyd County belongs to the Floyd County, 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 Floyd County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$828	$830	−0.2%	$746 – $910
1 bedroom	$833	$834	−0.1%	$750 – $916
2 bedrooms	$1,090	$1,094	−0.4%	$981 – $1,199
3 bedrooms	$1,299	$1,312	−1.0%	$1,170 – $1,428
4 bedrooms	$1,440	$1,448	−0.6%	$1,296 – $1,584

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 Floyd County that is typically $981 to $1,199 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?

$42,819median income of renter households

$878Median gross rent, all units

25%Rent-to-income ratio (median rent ÷ median renter income)

38%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $42,819 can afford about $1,070 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,090 is $20 (1.8%) more than that. To rent a two-bedroom at the FMR, a household needs $43,600 a year under the 30% rule, or $39,240 under the common landlord rule that income must be three times the rent.

Floyd County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$878 ±$98
Median income of renter households	$42,819 ±$2,801
Renters paying 30% or more of income (cost-burdened)	37.6% ±10.1
Renters paying 50% or more (severely cost-burdened)	11.9% ±7.7
Renter households (where the share can be computed)	886

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$705	$878	+24.5%
Median renter household income	$35,568	$42,819	+20.4%
Renters paying 30%+ of income	35.8%	37.6%	+1.8 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 $990 to $1,390 depending on the ZIP code.

All 12 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
24059	$1,090	$1,130	$1,330	$1,810	$2,150
24072	$840	$840	$1,090	$1,350	$1,520
24079	$910	$950	$1,130	$1,570	$1,900
24091	$840	$850	$1,110	$1,320	$1,470
24105	$750	$760	$990	$1,190	$1,350
24120	$760	$760	$990	$1,210	$1,430
24138	$820	$900	$1,150	$1,540	$1,920
24141	$920	$960	$1,180	$1,570	$1,920
24149	$1,100	$1,100	$1,390	$1,890	$2,350
24162	$850	$900	$1,150	$1,540	$1,920
24352	$780	$780	$990	$1,250	$1,460
24380	$750	$760	$990	$1,190	$1,340

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

HUD income limits for Floyd County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $88,500 (FY2025: $88,400, +0.1%). 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%)	$18,600 +0.3%	$21,640 +2.1%	$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%)	$31,000 +0.3%	$35,400 +0.4%	$39,850 +0.4%	$44,250 +0.3%	$47,800 +0.3%	$51,350 +0.3%	$54,900 +0.4%	$58,450 +0.3%
Low income (80%)	$49,600 +0.4%	$56,650 +0.4%	$63,750 +0.4%	$70,800 +0.4%	$76,500 +0.4%	$82,150 +0.4%	$87,800 +0.3%	$93,500 +0.4%

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.