What is the Fair Market Rent in Portsmouth, VA?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,320 to $1,590 a month across the 7 ZIP codes that cover Portsmouth.

By ZIP code: 23701 $1,520, 23702 $1,430, 23703 $1,590, 23704 $1,560, 23707 $1,320, 23708 $1,590, 23709 $1,520.

Across the whole Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area the two-bedroom figure is $1,667.

The Census Bureau’s median gross rent for a two-bedroom home in Portsmouth is $1,252 (±$39), below the Small Area figure for ZIP 23701.

Figures last updated on .

2 bedrooms, whole area
$1,667
2 bedrooms, ZIP 23701
$1,520
2 bedrooms, ZIP 23702
$1,430
2 bedrooms, ZIP 23703
$1,590

Fair Market Rents for Portsmouth, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area (whole area)$1,470$1,488$1,667$2,298$2,710—
ZIP 23701$1,340$1,360$1,520$2,100$2,470$1,305
ZIP 23702$1,260$1,280$1,430$1,970$2,320$1,242
ZIP 23703$1,400$1,420$1,590$2,190$2,580$1,432
ZIP 23704$1,380$1,390$1,560$2,150$2,540$1,310
ZIP 23707$1,160$1,180$1,320$1,820$2,150$1,101
ZIP 23708$1,410$1,420$1,590$2,200$2,590—
ZIP 23709$1,340$1,360$1,520$2,100$2,480—

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Portsmouth

What is the Section 8 payment standard in Portsmouth?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area is $1,667, and the Small Area figure for 23701 is $1,520.

What is the Fair Market Rent for a two-bedroom in ZIP 23701?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23701 is $1,520 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,305 (±$73).

What is the Fair Market Rent for a two-bedroom in ZIP 23702?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23702 is $1,430 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,242 (±$80).

What is the Fair Market Rent for a two-bedroom in ZIP 23703?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23703 is $1,590 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,432 (±$47).

What is the Fair Market Rent for a one-bedroom in Portsmouth?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 23701 is $1,360 a month, against $1,488 across the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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