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Fair Market Rent · Virginia

Fair Market Rent in Portsmouth city, VA

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$1,470studio
$1,4881 bedroom
$1,6672 bedrooms
$2,2983 bedrooms
$2,7104 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Portsmouth city is $1,667 a month, -2.7% from FY2026. Portsmouth city is part of the Virginia Beach-Norfolk-Newport News, VA-NC 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

SizeFY2027FY2026ChangeTypical voucher range (90–110%)
Studio$1,470$1,492-1.5%$1,323–1,617
1 bedroom$1,488$1,512-1.6%$1,339–1,637
2 bedrooms$1,667$1,713-2.7%$1,500–1,834
3 bedrooms$2,298$2,376-3.3%$2,068–2,528
4 bedrooms$2,710$2,797-3.1%$2,439–2,981

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 Portsmouth city

Open a ZIP code for every size, the spread of rents and nearby ZIP codes.

ZIPPlace2-bedroom FMR (ZIP)Census median, 2 bedroomsCensus median, all sizes
23701Portsmouth$1,520$1,272$1,305
23702Portsmouth$1,430$1,180$1,242
23703Portsmouth$1,590$1,385$1,432
23704Portsmouth$1,560$1,275$1,310
23707Portsmouth$1,320$1,144$1,101
23708Portsmouth$1,590––
23709Portsmouth$1,520––

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.