Martinsville city fair market rent FY 2027Virginia, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Martinsville city, Virginia is $943 a month, effective October 1, 2026: $762 for a studio, $767 for one bedroom, $1,144 for three and $1,321 for four. The FY 2026 two-bedroom FMR was $914 (+3.2%).
Martinsville city Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $762 | $749 | +1.7% | $685 to $838 |
| 1 bedroom | $767 | $753 | +1.9% | $690 to $843 |
| 2 bedrooms | $943 | $914 | +3.2% | $848 to $1,037 |
| 3 bedrooms | $1,144 | $1,096 | +4.4% | $1,029 to $1,258 |
| 4 bedrooms | $1,321 | $1,282 | +3.0% | $1,188 to $1,453 |
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 Martinsville city compares
Martinsville city's two-bedroom FMR of $943 is the 108th 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; Martinsville city ranks 2729th.
HUD sets one FMR for each metropolitan area, so Henry County has the same figures as Martinsville city (Henry County-Martinsville 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 Henry County-Martinsville city, VA HUD Nonmetro FMR Area it lists 12 ZIP codes, with two-bedroom Small Area FMRs from $940 to $1,210. 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 Martinsville city
- Martinsville city loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Martinsville city property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Martinsville city property
HeritageDeed does not search title records in Martinsville 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 Martinsville city fair market rent
What is the fair market rent in Martinsville city for FY 2027?
$762 for a studio, $767 for one bedroom, $943 for two, $1,144 for three and $1,321 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Martinsville city for FY 2026?
$749 for a studio, $753 for one bedroom, $914 for two, $1,096 for three and $1,282 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Martinsville city?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $848 to $1,037 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 Martinsville city's fair market rent high for Virginia?
$943 for two bedrooms ranks 108th 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/martinsville-city. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.