Rent by ZIP · Franklin County
Rent in Ferrum, VA 24088
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $940 (+3.3% vs FY2026). Renters in this ZIP code pay a median $643 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $830 | $750 | +10.7% | $747–913 | – |
| 1 bedroom | $860 | $830 | +3.6% | $774–946 | – |
| 2 bedrooms | $940 | $910 | +3.3% | $846–1,034 | $629 ±$25 |
| 3 bedrooms | $1,300 | $1,280 | +1.6% | $1,170–1,430 | $1,488 ±$899 |
| 4 bedrooms | $1,580 | $1,540 | +2.6% | $1,422–1,738 | – |
Small Area FMRs for the Franklin County, VA HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Franklin County, VA HUD Metro FMR Area, 2 bedrooms: $1,080.
What renters pay in 24088
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 24087 | Elliston | $1,240 | $1,576 |
| 24089 | Fieldale | $1,040 | $711 |
| 24090 | Fincastle | $1,320 | $939 |
| 24085 | Eagle Rock | $1,170 | – |
| 24091 | Floyd | $1,110 | $910 |
| 24084 | Dublin | $960 | $853 |
Fair Market Rents across Franklin County, VA · All VA counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.