Franklin city
FY 2026 HUD Fair Market Rents in Virginia. Population: 8,194.
Fair Market Rents (2026)
Studio
National avg: $893
$811/mo
↓ 8.3% YoY
-9% vs US
1 Bedroom
National avg: $959
$817/mo
↓ 8.2% YoY
-15% vs US
2 Bedroom
National avg: $1,175
$1,051/mo
↓ 9.9% YoY
-11% vs US
3 Bedroom
National avg: $1,525
$1,346/mo
↓ 9.8% YoY
-12% vs US
4 Bedroom
National avg: $1,756
$1,764/mo
↓ 10.0% YoY
+0% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $884 | $811 | $-73 (-8.3%) |
| 1 Bedroom | $890 | $817 | $-73 (-8.2%) |
| 2 Bedroom | $1,167 | $1,051 | $-116 (-9.9%) |
| 3 Bedroom | $1,492 | $1,346 | $-146 (-9.8%) |
| 4 Bedroom | $1,960 | $1,764 | $-196 (-10.0%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$32,680
$2,723/month gross
Required annual income for 2 BR
$42,040
$3,503/month gross
Other Counties in Virginia
Dinwiddie County
1 BR: $1,507/mo
Scott County
1 BR: $818/mo
Radford city
1 BR: $993/mo
Bedford County
1 BR: $1,033/mo
Botetourt County
1 BR: $1,053/mo
Highland County
1 BR: $749/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.