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RentData.org Logo Richmond Fair Market Rent FY 2012 Richmond, VA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Richmond, VA :
$725 $786 $878 $1,171 $1,399
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 Richmond are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Richmond is $878 per month.

The previous year, rent for a two-bedroom home was $958 per month. This is a 8.35% decrease year-over-year.

This FMR rate applies to Little Plymouth, VA, Hadensville, VA, Mannboro, VA, Champlain, VA, Corbin, VA, Ladysmith, VA, King And Queen Court House, VA, Rappahannock Academy, VA, Bruington, VA, Sparta, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO40060M40060.

Additionally, This Fair Market Rent (FMR) area Richmond, VA HUD Metro FMR Area spans nineteen counties or cities in which ares listed in the table below. Estimated population of Richmond, VA HUD Metro FMR Area FMR area is 1,071,330 people based on latest Census data.

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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 Richmond. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Richmond

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 $ 729
1-BR 1-Bedroom $ 789
2-BR 2-Bedroom $ 882
3-BR 3-Bedroom $ 1177
4-BR 4-Bedroom $ 1405
Change Year:

The counties, cities, towns, and regions listed below fall into the Richmond, 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: Washington, Dc (Hagrstwn), Richmond - Petersburg and Norfolk - Portsmth - Newpt Nws.

County / Region Est. Population
Amelia County, VA Metro 11,400
Caroline County, VA Metro 22,121
Charles City County, VA Metro 6,926
Chesterfield County, VA Metro 259,903
Cumberland County, VA Metro 9,017
Dinwiddie County, VA Metro 24,533
Goochland County, VA Metro 16,863
Hanover County, VA Metro 86,320
Henrico County, VA Metro 262,300
King and Queen County, VA Metro 6,630
King William County, VA Metro 13,146
New Kent County, VA Metro 13,462
Powhatan County, VA Metro 22,377
Prince George County, VA Metro 33,047
Sussex County, VA Metro 12,504
Colonial Heights city, VA Metro 16,897
Hopewell city, VA Metro 22,354
Petersburg city, VA Metro 33,740
Richmond city, VA Metro 197,790
Zip Codes in Richmond, VA HUD Metro FMR Area

There are 132 unique zip codes in this Fair Market Rent (FMR) area:

22408, 22427, 22428, 22436, 22438, 22446, 22501, 22514, 22535, 22538, 22546, 22552, 22560, 22580, 23002, 23005, 23009, 23011, 23015, 23023, 23024, 23027, 23030, 23038, 23039, 23047, 23058, 23059, 23060, 23063, 23065, 23067, 23069, 23075, 23083, 23085, 23086, 23091, 23102, 23103, 23105, 23106, 23108, 23110, 23111, 23112, 23113, 23114, 23116, 23117, 23120, 23124, 23126, 23129, 23139, 23140, 23141, 23146, 23147, 23150, 23153, 23156, 23160, 23161, 23162, 23173, 23177, 23181, 23185, 23192, 23218, 23219, 23220, 23221, 23222, 23223, 23224, 23225, 23226, 23227, 23228, 23229, 23230, 23231, 23232, 23233, 23234, 23235, 23236, 23237, 23238, 23241, 23242, 23249, 23250, 23255, 23260, 23261, 23269, 23273, 23284, 23286, 23293, 23294, 23297, 23298, 23801, 23803, 23804, 23805, 23830, 23831, 23832, 23833, 23834, 23836, 23838, 23840, 23841, 23842, 23850, 23860, 23872, 23875, 23881, 23882, 23884, 23885, 23891, 23894, 23897 and 23966

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