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RentData.org Logo Alleghany County-Clifton Forge city-Covington city Fair Market Rent FY 2018 Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet Rental Data

Fair Market Rent Prices in Alleghany County-Clifton Forge city-Covington city, VA :
$500 $545 $684 $928 $932
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 Alleghany County-Clifton Forge city-Covington city are very low compared to the national average. This FMR area is less expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Alleghany County-Clifton Forge city-Covington city is $684 per month.

The previous year, rent for a two-bedroom home was $633 per month. This is a 8.06% increase year-over-year.

This FMR rate applies to Iron Gate, VA, Low Moor, VA, Selma, VA, Hot Springs, VA, New Castle, VA, Clifton Forge, VA, Covington, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51005N51005.

Additionally, This Fair Market Rent (FMR) area Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet spans two counties or cities in Virginia which ares listed in the table below. Estimated population of Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet FMR area is 22,211 people based on 2010 Census data.

Compared to the rest of Virginia, the Alleghany County-Clifton Forge city-Covington city FMR area is less expensive than 88% of the state.

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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 Alleghany County-Clifton Forge city-Covington city. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Alleghany County-Clifton Forge city-Covington 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 $ 523
1-BR 1-Bedroom $ 570
2-BR 2-Bedroom $ 716
3-BR 3-Bedroom $ 972
4-BR 4-Bedroom $ 975
Change Year:

The counties, cities, towns, and regions listed below fall into the Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Roanoke - Lynchburg.

County / Region Est. Population
Alleghany County, VA 16,250
Covington city, VA 5,961
Zip Codes in Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

24127, 24422, 24426, 24445, 24448, 24457 and 24474

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