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Section 8 rent in Henry County-Martinsville city, VA

FY2025 HUD Small Area Fair Market Rents for the Henry County-Martinsville city, VA HUD Nonmetro FMR Area, covering 11 ZIP codes.

$870Avg 2BR FMR / mo
$957Avg 2BR at 110% Standard
11ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$630$691$790$760
1 Bedroom$680$707$790$778
2 Bedrooms$850$870$980$957
3 Bedrooms$1,030$1,081$1,180$1,189
4 Bedrooms$1,220$1,290$1,460$1,419

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$1,740$20,880
Triplex3 × 2BR$2,610$31,320
Fourplex4 × 2BR$3,480$41,760
Fourplex4 × 3BR$4,324$51,888

Gross scheduled rent before vacancy, maintenance and management. Run any Virginia multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 11 of 11 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
24165 $790 $980 $1,180 $1,460
24054 $730 $910 $1,140 $1,330
24112 $700 $880 $1,060 $1,260
24055 $700 $850 $1,060 $1,250
24078 $680 $850 $1,030 $1,220
24089 $680 $850 $1,030 $1,220
24102 $740 $850 $1,140 $1,370
24133 $700 $850 $1,030 $1,320
24148 $680 $850 $1,030 $1,220
24168 $690 $850 $1,040 $1,240
24530 $690 $850 $1,150 $1,300

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Henry County-Martinsville city, VA?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Henry County-Martinsville city, VA HUD Nonmetro FMR Area is $870 per month, ranging from $850 to $980 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $957.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Henry County-Martinsville city, VA, 2-bedroom SAFMRs run from $850 to $980 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Virginia?
RealG searches live listings across Virginia, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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