Logo Fayette County Fair Market Rent FY 2020 Fayette County, WV HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Fayette County, WV :
$569 $580 $667 $900 $904
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Fayette County are very low compared to the national average. This FMR area is less expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Fayette County is $667 per month.

The previous year, rent for a two-bedroom home was $632 per month. This is a 5.54% increase year-over-year.

This FMR rate applies to Alloy, WV, Nallen, WV, Cannelton, WV, Charlton Heights, WV, Powellton, WV, Gallagher, WV, Mount Carbon, WV, Glen Ferris, WV, Kanawha Falls, WV, Kimberly, WV and other cities within the region. The Metro Code or CBSA code for this region is METRO13220N54019.

Additionally, This Fair Market Rent (FMR) area Fayette County, WV HUD Metro FMR Area spans one county or city in West Virginia which is listed in the table below. Estimated population of Fayette County, WV HUD Metro FMR Area FMR area is 44,600 people based on latest Census data.

Compared to the rest of West Virginia, the Fayette County FMR area is less expensive than 64% 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 Fayette County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Fayette 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 $ 610
1-BR 1-Bedroom $ 622
2-BR 2-Bedroom $ 715
3-BR 3-Bedroom $ 965
4-BR 4-Bedroom $ 969
Change Year:

There is just one county (listed below) within the Fayette County, WV HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Bluefield - Beckley - Oak Hill and Charleston - Huntington.

County / Region Est. Population
Fayette County, WV Metro 44,600
Zip Codes in Fayette County, WV HUD Metro FMR Area

There are 42 unique zip codes in this Fair Market Rent (FMR) area:

25002, 25031, 25036, 25040, 25059, 25083, 25085, 25090, 25115, 25118, 25119, 25136, 25139, 25161, 25173, 25185, 25186, 25801, 25812, 25831, 25837, 25840, 25846, 25854, 25855, 25862, 25866, 25868, 25879, 25880, 25901, 25904, 25907, 25917, 25936, 25938, 25942, 25962, 25976, 25981, 26656 and 26680

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