Logo Cumberland County Fair Market Rent FY 2020 Cumberland County, VA Rental Data

Fair Market Rent Prices in Cumberland County, VA :
$673 $794 $997 $1,242 $1,498
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Cumberland County are high compared to the national average. This FMR area is more expensive than 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cumberland County is $997 per month.

The previous year, rent for a two-bedroom home was $969 per month. This is a 2.89% increase year-over-year.

This FMR rate applies to Cartersville, VA, Columbia, VA, Powhatan, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51049N51049.

Additionally, This Fair Market Rent (FMR) area Cumberland County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Cumberland County, VA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Virginia, the Cumberland County FMR area is more expensive than 81% 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 Cumberland County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cumberland County

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 $ 710
1-BR 1-Bedroom $ 838
2-BR 2-Bedroom $ 1053
3-BR 3-Bedroom $ 1312
4-BR 4-Bedroom $ 1582
Change Year:

There is just one county (listed below) within the Cumberland County, VA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Richmond - Petersburg.

County / Region Est. Population
Cumberland County, VA 0
Zip Codes in Cumberland County, VA

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

23027, 23038 and 23139

Lookup Fair Market Rent by Zip Code