Logo Lee County Fair Market Rent FY 2014 Lee County, VA Rental Data

Fair Market Rent Prices in Lee County, VA :
$498 $508 $617 $768 $991
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 Lee County are low compared to the national average. This FMR area is less expensive than 61% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lee County is $617 per month.

The previous year, rent for a two-bedroom home was $626 per month. This is a 1.44% decrease year-over-year.

This FMR rate applies to Ben Hur, VA, Saint Charles, VA, Keokee, VA, Blackwater, VA, Rose Hill, VA, Dryden, VA, Ewing, VA, Pennington Gap, VA, Duffield, VA, Jonesville, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51105N51105.

Additionally, This Fair Market Rent (FMR) area Lee County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Lee County, VA FMR area is 25,587 people based on 2010 Census data.

Compared to the rest of Virginia, the Lee County FMR area is less expensive than 76% 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 Lee County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lee 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 $ 498
1-BR 1-Bedroom $ 508
2-BR 2-Bedroom $ 617
3-BR 3-Bedroom $ 768
4-BR 4-Bedroom $ 991
Change Year:

There is just one county (listed below) within the Lee County, VA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Tri - Cities, Tn - Va.

County / Region Est. Population
Lee County, VA 25,587
Zip Codes in Lee County, VA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

24218, 24219, 24221, 24243, 24244, 24248, 24263, 24265, 24277, 24281 and 24282

Lookup Fair Market Rent by Zip Code