RentData.org

RentData.org Logo Richmond Fair Market Rent FY 2019 Richmond, VA MSA Rental Data

Fair Market Rent Prices in Richmond, VA :
$889 $932 $1,067 $1,421 $1,713
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Richmond are very high compared to the national average. This FMR area is more expensive than 93% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Richmond is $1,067 per month.

The previous year, rent for a two-bedroom home was $1,042 per month. This is a 2.4% increase year-over-year.

This FMR rate applies to Mannboro, VA, Oilville, VA, State Farm, VA, Rappahannock Academy, VA, Studley, VA, Champlain, VA, University Of Richmond, VA, Sparta, VA, Corbin, VA, Sussex, 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 MSA spans seventeen counties or cities in Virginia which ares listed in the table below. Estimated population of Richmond, VA MSA FMR area is 1,208,101 people based on 2010 Census data.

Compared to the rest of Virginia, the Richmond FMR area is more expensive than 92% of the state.

Virginia Rents Map

Click on the map to view more another region.

See Nationwide Map

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 $
1-BR 1-Bedroom $
2-BR 2-Bedroom $
3-BR 3-Bedroom $
4-BR 4-Bedroom $
Change Year:

The counties, cities, towns, and regions listed below fall into the Richmond, VA MSA 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 12,690
Caroline County, VA Metro 28,545
Charles City County, VA Metro 7,256
Chesterfield County, VA Metro 316,236
Colonial Heights city, VA Metro 17,411
Dinwiddie County, VA Metro 28,001
Goochland County, VA Metro 21,717
Hanover County, VA Metro 99,863
Henrico County, VA Metro 306,935
Hopewell city, VA Metro 22,591
King William County, VA Metro 15,935
New Kent County, VA Metro 18,429
Petersburg city, VA Metro 32,420
Powhatan County, VA Metro 28,046
Prince George County, VA Metro 35,725
Richmond city, VA Metro 204,214
Sussex County, VA Metro 12,087
Zip Codes in Richmond, VA MSA

There are 119 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, 23024, 23030, 23039, 23047, 23058, 23059, 23060, 23063, 23065, 23067, 23069, 23075, 23083, 23086, 23102, 23103, 23105, 23106, 23111, 23112, 23113, 23114, 23116, 23117, 23120, 23124, 23129, 23140, 23141, 23146, 23147, 23150, 23153, 23160, 23162, 23173, 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

Lookup Fair Market Rent by Zip Code
Top