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RentData.org Logo Lynchburg Fair Market Rent FY 2021 Lynchburg, VA MSA Rental Data

Fair Market Rent Prices in Lynchburg, VA :
$633 $660 $784 $1,053 $1,241
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lynchburg are average compared to the national average. This FMR area is more expensive than 70% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lynchburg is $784 per month.

The previous year, rent for a two-bedroom home was $821 per month. This is a 4.51% decrease year-over-year.

This FMR rate applies to Tyro, VA, Clifford, VA, Sweet Briar, VA, Vesuvius, VA, Big Island, VA, Arrington, VA, Gladstone, VA, Roseland, VA, Monroe, VA, Amherst, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO31340M31340.

Additionally, This Fair Market Rent (FMR) area Lynchburg, VA MSA spans one county or city in Virginia which is listed in the table below. Estimated population of Lynchburg, VA MSA FMR area is 31,820 people based on latest Census data.

Compared to the rest of Virginia, the Lynchburg FMR area is more expensive than 59% 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 Lynchburg. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lynchburg

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 $ 680
1-BR 1-Bedroom $ 709
2-BR 2-Bedroom $ 842
3-BR 3-Bedroom $ 1131
4-BR 4-Bedroom $ 1333
Change Year:

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

County / Region Est. Population
Lynchburg, VA Metro 31,820
Zip Codes in Lynchburg, VA MSA

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

22922, 22967, 22976, 24483, 24521, 24526, 24533, 24553, 24572, 24574 and 24595

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