Logo Charlottesville Fair Market Rent FY 2021 Charlottesville, VA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Charlottesville, VA :
$949 $1,077 $1,266 $1,575 $1,965
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Charlottesville are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Charlottesville is $1,266 per month.

The previous year, rent for a two-bedroom home was $1,262 per month. This is a 0.32% increase year-over-year.

This FMR rate applies to Montebello, VA, Ivy, VA, Piney River, VA, Howardsville, VA, Keene, VA, White Hall, VA, Quinque, VA, Norwood, VA, Batesville, VA, Covesville, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO16820M16820.

Additionally, This Fair Market Rent (FMR) area Charlottesville, VA HUD Metro FMR Area spans five counties or cities in Virginia which ares listed in the table below. Estimated population of Charlottesville, VA HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Virginia, the Charlottesville FMR area is more expensive than 96% 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 Charlottesville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Charlottesville

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 $ 1033
1-BR 1-Bedroom $ 1171
2-BR 2-Bedroom $ 1377
3-BR 3-Bedroom $ 1713
4-BR 4-Bedroom $ 2138
Change Year:

The counties, cities, towns, and regions listed below fall into the Charlottesville, VA HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers three metro areas: Charlottesville, Roanoke - Lynchburg and Richmond - Petersburg.

County / Region Est. Population
Albemarle County, VA Metro 0
Charlottesville city, VA Metro 0
Fluvanna County, VA Metro 0
Greene County, VA Metro 0
Nelson County, VA Metro 0
Zip Codes in Charlottesville, VA HUD Metro FMR Area

There are 44 unique zip codes in this Fair Market Rent (FMR) area:

22901, 22902, 22903, 22904, 22905, 22906, 22908, 22909, 22911, 22920, 22923, 22924, 22931, 22932, 22935, 22936, 22937, 22938, 22940, 22942, 22943, 22945, 22946, 22947, 22949, 22958, 22959, 22963, 22964, 22965, 22968, 22969, 22971, 22973, 22974, 22987, 23022, 23055, 23084, 23093, 24464, 24562, 24581 and 24590

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