Fair Market Rent · Virginia
Fair Market Rent in Richmond 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 Richmond city is $1,651 a month, -0.2% from FY2026. Richmond city is part of the Richmond, 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 | $1,456 | $1,442 | +1% | $1,310–1,602 |
| 1 bedroom | $1,517 | $1,507 | +0.7% | $1,365–1,669 |
| 2 bedrooms | $1,651 | $1,655 | -0.2% | $1,486–1,816 |
| 3 bedrooms | $2,039 | $2,072 | -1.6% | $1,835–2,243 |
| 4 bedrooms | $2,499 | $2,553 | -2.1% | $2,249–2,749 |
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 Richmond city
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 |
|---|---|---|---|---|
| 23173 | Richmond | $1,790 | – | – |
| 23219 | Richmond | $1,750 | $1,763 | $1,589 |
| 23220 | Richmond | $1,980 | $1,633 | $1,406 |
| 23221 | Richmond | $1,930 | $1,621 | $1,518 |
| 23224 | Richmond | $1,490 | $1,245 | $1,314 |
| 23225 | Richmond | $1,630 | $1,407 | $1,372 |
| 23226 | Richmond | $2,040 | $1,767 | $1,775 |
| 23284 | Richmond | $1,850 | – | $1,625 |
| 23298 | Richmond | $1,750 | – | – |
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.