Roanoke Fair Market Rent FY 2016 Roanoke, VA HUD Metro FMR Area Rental Data

Fair Market Rent prices in Roanoke are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Roanoke is $845 per month.

The previous year, rent for a two-bedroom home was $732 per month. This is a 15.44% increase year-over-year.

This FMR rate applies to Oriskany, VA, Glen Wilton, VA, Cloverdale, VA, Natural Bridge Station, VA, Eagle Rock, VA, Daleville, VA, Fincastle, VA, Buchanan, VA, Troutville, VA, Lexington, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO40220M40220.

Additionally, This Fair Market Rent (FMR) area Roanoke, VA HUD Metro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Roanoke, VA HUD Metro FMR Area FMR area is 33,148 people based on latest Census data.

Compared to the rest of Virginia, the Roanoke FMR area is more expensive than 74% of the state.

Median Rent Prices in Roanoke

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: