Fair Market Rent · Virginia
Fair Market Rent in Covington city, VA
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Covington city is $943 a month, +3.2% from FY2026. Covington city is part of the Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmetro FMR Area (a non-metro county area).
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $786 | $773 | +1.7% | $707–865 |
| 1 bedroom | $790 | $778 | +1.5% | $711–869 |
| 2 bedrooms | $943 | $914 | +3.2% | $849–1,037 |
| 3 bedrooms | $1,246 | $1,259 | -1% | $1,121–1,371 |
| 4 bedrooms | $1,389 | $1,358 | +2.3% | $1,250–1,528 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.