Logo Smyth County Fair Market Rent FY 2021 Smyth County, VA Rental Data

Fair Market Rent Prices in Smyth County, VA :
$472 $562 $701 $896 $1,113
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 Smyth County are very low compared to the national average. This FMR area is less expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Smyth County is $701 per month.

The previous year, rent for a two-bedroom home was $714 per month. This is a 1.82% decrease year-over-year.

This FMR rate applies to Broadford, VA, Speedwell, VA, Sugar Grove, VA, Atkins, VA, Rural Retreat, VA, Tazewell, VA, Saltville, VA, Chilhowie, VA, Marion, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51173N51173.

Additionally, This Fair Market Rent (FMR) area Smyth County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Smyth County, VA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Virginia, the Smyth County FMR area is less expensive than 75% 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 Smyth County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Smyth 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 $ 472
1-BR 1-Bedroom $ 562
2-BR 2-Bedroom $ 701
3-BR 3-Bedroom $ 896
4-BR 4-Bedroom $ 1113
Change Year:

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

County / Region Est. Population
Smyth County, VA 0
Zip Codes in Smyth County, VA

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

24311, 24316, 24319, 24354, 24368, 24370, 24374, 24375 and 24651

Lookup Fair Market Rent by Zip Code