Fair Market Rent · Virginia
Fair Market Rent in Franklin County, 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 Franklin County is $1,080 a month, +14.4% from FY2026. Franklin County is part of the Franklin County, VA HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $949 | $771 | +23.1% | $854–1,044 |
| 1 bedroom | $987 | $861 | +14.6% | $888–1,086 |
| 2 bedrooms | $1,080 | $944 | +14.4% | $972–1,188 |
| 3 bedrooms | $1,495 | $1,313 | +13.9% | $1,346–1,645 |
| 4 bedrooms | $1,805 | $1,584 | +14% | $1,624–1,986 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Franklin County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 24065 | Boones Mill | $1,160 | $836 | $851 |
| 24067 | Callaway | $940 | $678 | $680 |
| 24088 | Ferrum | $940 | $629 | $643 |
| 24092 | Glade Hill | $950 | $708 | $715 |
| 24101 | Hardy | $1,240 | $933 | $995 |
| 24102 | Henry | $950 | $574 | $574 |
| 24137 | Penhook | $1,210 | $693 | $935 |
| 24151 | Rocky Mount | $1,070 | $720 | $808 |
| 24176 | Union Hall | $1,280 | – | – |
| 24184 | Wirtz | $940 | $814 | $741 |
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.