Richmond city fair market rent FY 2027Virginia, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Richmond city, Virginia is $1,651 a month, effective October 1, 2026: $1,456 for a studio, $1,517 for one bedroom, $2,039 for three and $2,499 for four. It is set for the Richmond, VA HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $1,655 (-0.2%).
Richmond city Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,456 | $1,442 | +1.0% | $1,310 to $1,601 |
| 1 bedroom | $1,517 | $1,507 | +0.7% | $1,365 to $1,668 |
| 2 bedrooms | $1,651 | $1,655 | -0.2% | $1,485 to $1,816 |
| 3 bedrooms | $2,039 | $2,072 | -1.6% | $1,835 to $2,242 |
| 4 bedrooms | $2,499 | $2,553 | -2.1% | $2,249 to $2,748 |
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 Richmond city compares
Richmond city's two-bedroom FMR of $1,651 is the 29th 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; Richmond city ranks 361st.
HUD sets one FMR for each metropolitan area, so Amelia County, Charles City County, Chesterfield County, Dinwiddie County, Goochland County, Hanover County, Henrico County, King William County, New Kent County and Powhatan County and 5 more counties have the same figures as Richmond city (Richmond, VA HUD Metro FMR Area).
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Richmond, VA HUD Metro FMR Area it lists 118 ZIP codes, with two-bedroom Small Area FMRs from $940 to $2,480. 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
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Check a Richmond city property
HeritageDeed does not search title records in Richmond 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 Richmond city fair market rent
What is the fair market rent in Richmond city for FY 2027?
$1,456 for a studio, $1,517 for one bedroom, $1,651 for two, $2,039 for three and $2,499 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Richmond city for FY 2026?
$1,442 for a studio, $1,507 for one bedroom, $1,655 for two, $2,072 for three and $2,553 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Richmond city?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,485 to $1,816 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 Richmond city's fair market rent high for Virginia?
$1,651 for two bedrooms ranks 29th 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/richmond-city. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.