HUD Open Data · FY 2026
What is the Fair Market Rent in Covington city, VA?
Last updated: FY2026, effective October 1, 2025
In Covington city, Virginia, the FY2026 Fair Market Rent for a two-bedroom is $914 a month. Rents run from $773 for a studio up to $1,358 for a four-bedroom, with the full breakdown by unit size below. HUD sets these rates each year, and housing authorities use them to set Section 8 voucher payment standards. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents, effective October 1, 2025.
2-Bedroom FMR in Covington city and Neighbouring Counties
| Unit size | Monthly FMR (FY 2026) |
|---|---|
| Studio / Efficiency | $773 |
| 1 Bedroom | $778 |
| 2 Bedrooms | $914 |
| 3 Bedrooms | $1,259 |
| 4 Bedrooms | $1,358 |
How does Covington city compare?
2-bedroom Fair Market Rent ranked against all counties in Virginia.
Higher rent than 19% of counties in Virginia · 109th of 133
| # | County | Value |
|---|---|---|
| 1 | Fredericksburg city | $2,246 |
| 1 | Fauquier County | $2,246 |
| 1 | Manassas Park city | $2,246 |
| … 105 more … | ||
| 109 | Covington city(you are here) | $914 |
| … 21 more … | ||
| 109 | Buchanan County | $914 |
| 109 | Smyth County | $914 |
| 109 | Martinsville city | $914 |
More data for Covington city, Virginia
No nearby counties with Fair Market Rent data are available in our database.
Frequently asked questions
What is the Fair Market Rent in Covington city, VA for 2026?
In Covington city, Virginia, a two-bedroom has a Fair Market Rent of $914 a month for FY2026, and rents range from $773 for a studio to $1,358 for a four-bedroom. The full breakdown by unit size is in the table above. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents.
What is the 2-bedroom Fair Market Rent in Covington city, VA?
A two-bedroom in Covington city, Virginia has a Fair Market Rent of $914 a month under HUD's FY2026 figures.
When do Fair Market Rents in Covington city become effective?
FY2026 Fair Market Rents became effective October 1, 2025 and apply through September 30, 2026.
How does HUD calculate Fair Market Rents?
HUD calculates FMRs as the 40th percentile of gross rents paid by recent movers for standard-quality units in a metropolitan area or non-metropolitan county. Data comes from the American Community Survey (ACS).
How do I find Fair Market Rent by ZIP code in Covington city, VA?
Every ZIP code in Covington city has its own Fair Market Rent page — see the "ZIP codes in Covington city" list above. Each ZIP page lists studio through 4-bedroom FMRs for FY2026.
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