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RentData.org Logo Southampton County-Franklin city Fair Market Rent FY 2018 Southampton County-Franklin city, VA HUD Nonmetro FMR Area Rental Data

Fair Market Rent Prices in Southampton County-Franklin city, VA :
$667 $671 $824 $1,084 $1,450
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Southampton County-Franklin city are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Southampton County-Franklin city is $824 per month.

The previous year, rent for a two-bedroom home was $748 per month. This is a 10.16% increase year-over-year.

This FMR rate applies to Branchville, VA, Drewryville, VA, Newsoms, VA, Sedley, VA, Capron, VA, Boykins, VA, Wakefield, VA, Courtland, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51175N51175.

Additionally, This Fair Market Rent (FMR) area Southampton County-Franklin city, VA HUD Nonmetro FMR Area spans two counties or cities in which ares listed in the table below. Estimated population of Southampton County-Franklin city, VA HUD Nonmetro FMR Area FMR area is 27,152 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Southampton County-Franklin city. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Southampton County-Franklin city

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 699
1-BR 1-Bedroom $ 704
2-BR 2-Bedroom $ 864
3-BR 3-Bedroom $ 1137
4-BR 4-Bedroom $ 1521
Change Year:

The counties, cities, towns, and regions listed below fall into the Southampton County-Franklin city, VA HUD Nonmetro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Norfolk - Portsmth - Newpt Nws and Richmond - Petersburg.

County / Region Est. Population
Southampton County, VA 18,570
Franklin city, VA 8,582
Zip Codes in Southampton County-Franklin city, VA HUD Nonmetro FMR Area

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

23827, 23828, 23829, 23837, 23844, 23874, 23878 and 23888

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