Logo Roanoke Fair Market Rent FY 2019 Roanoke, VA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Roanoke, VA :
$528 $646 $821 $1,129 $1,231
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 Roanoke are high compared to the national average. This FMR area is more expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Roanoke is $821 per month.

The previous year, rent for a two-bedroom home was $846 per month. This is a 2.96% decrease year-over-year.

This FMR rate applies to Oriskany, VA, Paint Bank, VA, Glen Wilton, VA, Cloverdale, VA, Natural Bridge Station, VA, Catawba, VA, Newport, VA, Eagle Rock, VA, Daleville, VA, Fincastle, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO40220M40220.

Additionally, This Fair Market Rent (FMR) area Roanoke, VA HUD Metro FMR Area spans five counties or cities in Virginia which ares listed in the table below. Estimated population of Roanoke, VA HUD Metro FMR Area FMR area is 252,548 people based on 2010 Census data.

Compared to the rest of Virginia, the Roanoke FMR area is more expensive than 54% 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 Roanoke. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Roanoke

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 Roanoke, VA HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Roanoke - Lynchburg.

County / Region Est. Population
Botetourt County, VA Metro 33,148
Craig County, VA Metro 5,190
Roanoke city, VA Metro 97,032
Roanoke County, VA Metro 92,376
Salem city, VA Metro 24,802
Zip Codes in Roanoke, VA HUD Metro FMR Area

There are 52 unique zip codes in this Fair Market Rent (FMR) area:

24001, 24002, 24003, 24004, 24005, 24006, 24007, 24008, 24009, 24010, 24011, 24012, 24013, 24015, 24016, 24017, 24018, 24019, 24020, 24022, 24023, 24024, 24025, 24026, 24027, 24028, 24029, 24030, 24031, 24032, 24033, 24034, 24035, 24036, 24037, 24038, 24042, 24066, 24070, 24077, 24083, 24085, 24090, 24128, 24130, 24131, 24153, 24155, 24175, 24438, 24450 and 24579

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