Fair Market Rents by apartment size
| Size | FY2026 FMR | Income needed (30% rule) | Hourly, full time |
|---|---|---|---|
| Studio | $692/mo | $27,680/yr | $13.31 |
| 1 bedroom | $697/mo | $27,880/yr | $13.40 |
| 2 bedrooms | $914/mo | $36,560/yr | $17.58 |
| 3 bedrooms | $1,205/mo | $48,200/yr | $23.17 |
| 4 bedrooms | $1,429/mo | $57,160/yr | $27.48 |
Fair Market Rents are HUD's estimate of the 40th percentile of gross rent (rent plus essential utilities) for standard-quality units in Wise County-Norton city, VA HUD Nonmetro FMR Area. About 40% of comparable rentals cost less and 60% cost more, so treat these as a benchmark rather than a listing price. Income needed assumes rent and utilities take no more than 30% of gross income, the federal cost-burden line; the hourly figure assumes 2,080 working hours a year.
What this means for renters
If you have a Housing Choice Voucher, your local housing authority sets its payment standards based on these FMRs; ask your agency for its exact figures. If you are budgeting a move, compare these numbers with real listings: newer or better-located units usually rent above the FMR.
Areas with similar rents nearby
Frequently asked questions
What is the fair market rent in Wise County-Norton city, VA?
HUD's FY2026 Fair Market Rents for Wise County-Norton city, VA HUD Nonmetro FMR Area are $692 for studio, $697 for 1 bedroom, $914 for 2 bedrooms, $1,205 for 3 bedrooms, $1,429 for 4 bedrooms.
How much do I need to earn to rent a 2-bedroom in Wise County-Norton city, VA?
At the Fair Market Rent of $914, keeping rent within 30% of gross income (the federal cost-burden line) takes about $36,560 a year, or $3,047 a month.
Source: HUD Fair Market Rents, FY2026 schedule (effective October 1, 2025), area code NCNTY51195N51195. HUD has since published FY2027 FMRs; check HUD for the newest figures. Our data.