Fair Market Rents: Isle of Wight County, VA (FY2026)
HUD's FY2026 Fair Market Rents for Isle of Wight County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | VA median* |
|---|---|---|
| Studio (0-BR) | $1,492/mo | $1,005 (+48%) |
| 1 Bedroom | $1,512/mo | $1,053 (+44%) |
| 2 Bedrooms | $1,713/mo | $1,254 (+37%) |
| 3 Bedrooms | $2,376/mo | $1,716 (+38%) |
| 4+ Bedrooms | $2,797/mo | $1,950 (+43%) |
*Median across all FMR-publishing counties in VA. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Isle of Wight County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Isle of Wight County
We track 9 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Smithfield | 6 | 374 |