What is the Fair Market Rent in Suffolk, VA?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,290 to $2,050 a month across the 7 ZIP codes that cover Suffolk.

By ZIP code: 23432 $1,660, 23433 $1,980, 23434 $1,540, 23435 $2,050, 23436 $2,020, 23437 $1,290, 23438 $1,800.

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 Suffolk is $1,427 (±$79), below the Small Area figure for ZIP 23432.

Figures last updated on .

2 bedrooms, whole area
$1,667
2 bedrooms, ZIP 23432
$1,660
2 bedrooms, ZIP 23433
$1,980
2 bedrooms, ZIP 23434
$1,540

Fair Market Rents for Suffolk, 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 23432$1,470$1,480$1,660$2,300$2,700$652
ZIP 23433$1,740$1,760$1,980$2,730$3,210$3,500 or more
ZIP 23434$1,360$1,370$1,540$2,120$2,500$1,365
ZIP 23435$1,810$1,830$2,050$2,830$3,330$1,839
ZIP 23436$1,780$1,800$2,020$2,790$3,290—
ZIP 23437$1,140$1,150$1,290$1,780$2,100$1,290
ZIP 23438$1,570$1,580$1,800$2,520$2,990$950

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 Suffolk

What is the Section 8 payment standard in Suffolk?

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 23432 is $1,660.

What is the Fair Market Rent for a two-bedroom in ZIP 23432?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23432 is $1,660 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $652 (±$555).

What is the Fair Market Rent for a two-bedroom in ZIP 23433?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23433 is $1,980 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $3,500 or more.

What is the Fair Market Rent for a two-bedroom in ZIP 23434?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23434 is $1,540 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,365 (±$60).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 23432 is $1,480 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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