Franklin city fair market rent FY 2027Virginia, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Franklin city, Virginia is $1,032 a month, effective October 1, 2026: $874 for a studio, $897 for one bedroom, $1,392 for three and $1,725 for four. The FY 2026 two-bedroom FMR was $1,051 (-1.8%).
Franklin city Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $874 | $811 | +7.8% | $786 to $961 |
| 1 bedroom | $897 | $817 | +9.8% | $807 to $986 |
| 2 bedrooms | $1,032 | $1,051 | -1.8% | $928 to $1,135 |
| 3 bedrooms | $1,392 | $1,346 | +3.4% | $1,252 to $1,531 |
| 4 bedrooms | $1,725 | $1,764 | -2.2% | $1,552 to $1,897 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Franklin city compares
Franklin city's two-bedroom FMR of $1,032 is the 97th highest of 133 counties in Virginia, where the county median is $1,262 and the range $943 to $2,438. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Franklin city ranks 1751st.
HUD sets one FMR for each metropolitan area, so Southampton County has the same figures as Franklin city (Southampton County-Franklin city, VA HUD Nonmetro FMR Area).
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Southampton County-Franklin city, VA HUD Nonmetro FMR Area it lists 13 ZIP codes, with two-bedroom Small Area FMRs from $940 to $1,370. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Virginia counties · Fair market rents in every state
More for Franklin city
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- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Franklin city property
HeritageDeed does not search title records in Franklin city yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Franklin city fair market rent
What is the fair market rent in Franklin city for FY 2027?
$874 for a studio, $897 for one bedroom, $1,032 for two, $1,392 for three and $1,725 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Franklin city for FY 2026?
$811 for a studio, $817 for one bedroom, $1,051 for two, $1,346 for three and $1,764 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Franklin city?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $928 to $1,135 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Franklin city's fair market rent high for Virginia?
$1,032 for two bedrooms ranks 97th of 133 counties in Virginia; the state's county median is $1,262 (range $943 to $2,438) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/virginia/franklin-city. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.