Franklin County fair market rent FY 2027Virginia, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Franklin County, Virginia is $1,080 a month, effective October 1, 2026: $949 for a studio, $987 for one bedroom, $1,495 for three and $1,805 for four. It is set for the Franklin County, VA HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $944 (+14.4%).
Franklin County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $949 | $771 | +23.1% | $854 to $1,043 |
| 1 bedroom | $987 | $861 | +14.6% | $888 to $1,085 |
| 2 bedrooms | $1,080 | $944 | +14.4% | $972 to $1,188 |
| 3 bedrooms | $1,495 | $1,313 | +13.9% | $1,345 to $1,644 |
| 4 bedrooms | $1,805 | $1,584 | +14.0% | $1,624 to $1,985 |
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 County compares
Franklin County's two-bedroom FMR of $1,080 is the 91st 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 County ranks 1513th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Franklin County, VA HUD Metro FMR Area it lists 18 ZIP codes, with two-bedroom Small Area FMRs from $940 to $1,410. 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 County
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- Franklin County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
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- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
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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 County property
HeritageDeed does not search title records in Franklin County 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 County fair market rent
What is the fair market rent in Franklin County for FY 2027?
$949 for a studio, $987 for one bedroom, $1,080 for two, $1,495 for three and $1,805 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Franklin County for FY 2026?
$771 for a studio, $861 for one bedroom, $944 for two, $1,313 for three and $1,584 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 County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $972 to $1,188 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 County's fair market rent high for Virginia?
$1,080 for two bedrooms ranks 91st 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-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.