The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Franklin County, VA HUD Metro FMR Area, VA

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Franklin County, VA HUD Metro FMR Area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $621 to a high of $759, with an average of $690.
One-bedroom: One-bedroom rental prices vary, with a minimum of $695, a maximum of $849, and an average of $772.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $815, peaking at a maximum of $996, and averaging at $905.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,052, a maximum of $1,286, and an average of $1,169.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,196 to a maximum of $1,462, with an average of $1,329.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Franklin County, VA HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $621 $695 $815 $1,052 $1,196
Average Rent $690 $772 $905 $1,169 $1,329
High Rent(110%) $759 $849 $996 $1,286 $1,462
2023 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $613 $621 $817 $995 $1,118
Average Rent $681 $690 $908 $1,105 $1,242
High Rent (110%) $749 $759 $999 $1,216 $1,366
2022 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $518 $542 $713 $881 $978
Average Rent $576 $602 $792 $979 $1,087
High Rent(110%) $634 $662 $871 $1,077 $1,196
2021 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $518 $556 $734 $913 $1,014
Average Rent $575 $618 $815 $1,014 $1,127
High Rent (110%) $633 $680 $897 $1,115 $1,240
2020 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $440 $490 $645 $804 $917
Average Rent $489 $544 $717 $893 $1,019
High Rent(110%) $538 $598 $789 $982 $1,121
2019 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $419 $476 $630 $789 $944
Average Rent $465 $529 $700 $877 $1,049
High Rent (110%) $512 $582 $770 $965 $1,154
2018 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $436 $492 $654 $865 $1,045
Average Rent $484 $547 $727 $961 $1,161
High Rent(110%) $532 $602 $800 $1,057 $1,277
2017 Franklin County, VA HUD Metro FMR Area, VA Low Rent (90%) $441 $502 $667 $921 $1,086
Average Rent $490 $558 $741 $1,023 $1,207
High Rent (110%) $539 $614 $815 $1,125 $1,328


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