Logo Russell County Fair Market Rent FY 2016 Russell County, VA Rental Data

Fair Market Rent Prices in Russell County, VA :
$542 $567 $658 $882 $1,018
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 Russell County are average compared to the national average. This FMR area is more expensive than 57% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Russell County is $658 per month.

The previous year, rent for a two-bedroom home was $643 per month. This is a 2.33% increase year-over-year.

This FMR rate applies to Rosedale, VA, Cleveland, VA, Nickelsville, VA, Castlewood, VA, Cedar Bluff, VA, Lebanon, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51167N51167.

Additionally, This Fair Market Rent (FMR) area Russell County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Russell County, VA FMR area is 28,897 people based on 2010 Census data.

Compared to the rest of Virginia, the Russell County FMR area is less expensive than 66% 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 Russell County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Russell 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 $ 542
1-BR 1-Bedroom $ 567
2-BR 2-Bedroom $ 658
3-BR 3-Bedroom $ 882
4-BR 4-Bedroom $ 1018
Change Year:

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

County / Region Est. Population
Russell County, VA 28,897
Zip Codes in Russell County, VA

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

24224, 24225, 24266, 24271, 24280 and 24609

Lookup Fair Market Rent by Zip Code