2025 FMR And Section 8 Rents For Franklin County VA

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of franklin-county, VA.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
61059$690$772$910$1170$1330
61053$690$780$910$1180$1340
61065$1040$1160$1360$1760$2000
61064$720$800$940$1210$1380
61050$690$772$910$1170$1330
61063$690$780$910$1180$1340
61060$690$772$910$1170$1330
61049$690$772$910$1230$1380
61052$690$772$910$1170$1330
61067$690$772$910$1170$1330
61048$790$860$1040$1400$1640
61061$940$990$1130$1520$1670
61047$690$772$910$1170$1330
61051$700$772$950$1290$1460
61062$740$830$970$1250$1420
61057$840$930$1080$1410$1590
61054$710$790$930$1200$1370

Zip Code:

61059

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61053

Studio Rent:

$690

1 Bedroom Rent:

$780

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1180

4 Bedroom Rent:

$1340

Zip Code:

61065

Studio Rent:

$1040

1 Bedroom Rent:

$1160

2 Bedroom Rent:

$1360

3 Bedroom Rent:

$1760

4 Bedroom Rent:

$2000

Zip Code:

61064

Studio Rent:

$720

1 Bedroom Rent:

$800

2 Bedroom Rent:

$940

3 Bedroom Rent:

$1210

4 Bedroom Rent:

$1380

Zip Code:

61050

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61063

Studio Rent:

$690

1 Bedroom Rent:

$780

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1180

4 Bedroom Rent:

$1340

Zip Code:

61060

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61049

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1230

4 Bedroom Rent:

$1380

Zip Code:

61052

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61067

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61048

Studio Rent:

$790

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1040

3 Bedroom Rent:

$1400

4 Bedroom Rent:

$1640

Zip Code:

61061

Studio Rent:

$940

1 Bedroom Rent:

$990

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1520

4 Bedroom Rent:

$1670

Zip Code:

61047

Studio Rent:

$690

1 Bedroom Rent:

$772

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1170

4 Bedroom Rent:

$1330

Zip Code:

61051

Studio Rent:

$700

1 Bedroom Rent:

$772

2 Bedroom Rent:

$950

3 Bedroom Rent:

$1290

4 Bedroom Rent:

$1460

Zip Code:

61062

Studio Rent:

$740

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1250

4 Bedroom Rent:

$1420

Zip Code:

61057

Studio Rent:

$840

1 Bedroom Rent:

$930

2 Bedroom Rent:

$1080

3 Bedroom Rent:

$1410

4 Bedroom Rent:

$1590

Zip Code:

61054

Studio Rent:

$710

1 Bedroom Rent:

$790

2 Bedroom Rent:

$930

3 Bedroom Rent:

$1200

4 Bedroom Rent:

$1370

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.