ZIP 24230 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 24230 in the Kingsport-Bristol, TN-VA MSA FMR area.

Kingsport-Bristol, TN-VA MSA

$780Efficiency

$7901 bedroom

$1,0202 bedrooms

$1,3503 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$760
1 bedroom	$790	$711	$869	$845
2 bedrooms	$1,020	$918	$1,122	$1,091
3 bedrooms	$1,350	$1,215	$1,485	$1,375
4 bedrooms	$1,570	$1,413	$1,727	$1,465

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Dickenson County, VA

$780Efficiency

$7901 bedroom

$1,0202 bedrooms

$1,3503 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$775
1 bedroom	$790	$711	$869	$779
2 bedrooms	$1,020	$918	$1,122	$943
3 bedrooms	$1,350	$1,215	$1,485	$1,124
4 bedrooms	$1,570	$1,413	$1,727	$1,425

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Wise County-Norton city, VA

$780Efficiency

$7901 bedroom

$1,0202 bedrooms

$1,3503 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$717
1 bedroom	$790	$711	$869	$722
2 bedrooms	$1,020	$918	$1,122	$943
3 bedrooms	$1,350	$1,215	$1,485	$1,262
4 bedrooms	$1,570	$1,413	$1,727	$1,460

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 24230

$49,796average adjusted gross income per tax return (2022)

$38,677average salaries and wages per return

2,810tax returns filed

25%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.5%
$25,000 to $50,000	28.8%
$50,000 to $75,000	16.0%
$75,000 to $100,000	9.6%
$100,000 to $200,000	9.6%
$200,000 or more	1.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 23.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 24230?

HUD's FY2027 Small Area FMRs for ZIP 24230 (Kingsport-Bristol, TN-VA MSA) are $780 efficiency, $790 one bedroom, $1,020 two bedrooms, $1,350 three and $1,570 four bedrooms.

What payment standard can a housing authority set in ZIP 24230?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 24230?

Tax returns filed from ZIP 24230 reported an average adjusted gross income of $49,796 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 25% of that income.