Prince Edward 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).

$1,1262-bedroom FMR, FY2027

$9491-bedroom FMR, FY2027

$63,90080% income limit, family of 4 (FY2026)

$78,800Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Prince Edward County is $1,126 a month, up 2.9% from $1,094 in FY2026. Prince Edward County belongs to the Prince Edward County, VA FMR area (non-metro county), 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 Prince Edward County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$943	$916	+2.9%	$849 – $1,037
1 bedroom	$949	$922	+2.9%	$855 – $1,043
2 bedrooms	$1,126	$1,094	+2.9%	$1,014 – $1,238
3 bedrooms	$1,342	$1,312	+2.3%	$1,208 – $1,476
4 bedrooms	$1,480	$1,448	+2.2%	$1,332 – $1,628

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 Prince Edward County that is typically $1,014 to $1,238 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?

$35,487median income of renter households

$931Median gross rent, all units

31%Rent-to-income ratio (median rent ÷ median renter income)

53%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $35,487 can afford about $887 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,126 is $239 (26.9%) more than that. To rent a two-bedroom at the FMR, a household needs $45,040 a year under the 30% rule, or $40,536 under the common landlord rule that income must be three times the rent.

Prince Edward County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$931 ±$77
Median income of renter households	$35,487 ±$7,546
Renters paying 30% or more of income (cost-burdened)	52.8% ±11.4
Renters paying 50% or more (severely cost-burdened)	27.3% ±9.0
Renter households (where the share can be computed)	2,709

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$765	$931	+21.7%
Median renter household income	$31,415	$35,487	+13.0%
Renters paying 30%+ of income	48.8%	52.8%	+4.0 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.

HUD income limits for Prince Edward County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $78,800 (FY2025: $82,500, −4.5%). 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%)	$16,800 −3.2%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$49,550 +1.8%	$52,750 −2.6%
Very low income (50%)	$28,000 −3.1%	$32,000 −3.0%	$36,000 −3.1%	$39,950 −3.2%	$43,150 −3.1%	$46,350 −3.1%	$49,550 −3.1%	$52,750 −3.1%
Low income (80%)	$44,750 −3.1%	$51,150 −3.1%	$57,550 −3.1%	$63,900 −3.2%	$69,050 −3.2%	$74,150 −3.2%	$79,250 −3.2%	$84,350 −3.2%

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.