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Note: Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area spans 2 states: North Carolina and Virginia. Only one of the states will be shown in the map below.

RentData.org Logo Virginia Beach-Norfolk-Newport News Fair Market Rent FY 2021 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Virginia Beach-Norfolk-Newport News, NC :
$960 $972 $1,147 $1,618 $1,986
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 Virginia Beach-Norfolk-Newport News are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Virginia Beach-Norfolk-Newport News is $1,147 per month.

The previous year, rent for a two-bedroom home was $1,136 per month. This is a 0.97% increase year-over-year.

This FMR rate applies to Achilles, VA, Bena, VA, Bohannon, VA, Cardinal, VA, Hallieford, VA, Diggs, VA, Jamestown, VA, Foster, VA, Grimstead, VA, Gwynn, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO47260M47260.

Additionally, This Fair Market Rent (FMR) area Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area spans fifteen counties or cities in North Carolina and Virginia which ares listed in the table below. Estimated population of Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area FMR area is 1,706,095 people based on latest Census data.

Compared to the rest of North Carolina, the Virginia Beach-Norfolk-Newport News FMR area is more expensive than 96% of the state.

North Carolina Rents Map

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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 Virginia Beach-Norfolk-Newport News. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Virginia Beach-Norfolk-Newport News

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 $ 1032
1-BR 1-Bedroom $ 1045
2-BR 2-Bedroom $ 1233
3-BR 3-Bedroom $ 1740
4-BR 4-Bedroom $ 2135
Change Year:

The counties, cities, towns, and regions listed below fall into the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Norfolk - Portsmth - Newpt Nws and Richmond - Petersburg.

County / Region Est. Population
Currituck County, NC Metro 25,245
Gloucester County, VA Metro 37,035
Isle of Wight County, VA Metro 36,090
James City County, VA Metro 73,030
Mathews County, VA Metro 8,830
York County, VA Metro 67,195
Chesapeake city, VA Metro 235,410
Hampton city, VA Metro 136,255
Newport News city, VA Metro 180,775
Norfolk city, VA Metro 245,750
Poquoson city, VA Metro 12,020
Portsmouth city, VA Metro 95,535
Suffolk city, VA Metro 88,055
Virginia Beach city, VA Metro 450,055
Williamsburg city, VA Metro 14,815
Zip Codes in Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

There are 156 unique zip codes in this Fair Market Rent (FMR) area:

23001, 23003, 23018, 23021, 23025, 23035, 23045, 23050, 23056, 23061, 23062, 23064, 23066, 23068, 23072, 23076, 23081, 23089, 23090, 23109, 23119, 23125, 23127, 23128, 23130, 23131, 23138, 23149, 23154, 23155, 23163, 23168, 23178, 23183, 23184, 23186, 23187, 23188, 23190, 23304, 23314, 23315, 23320, 23321, 23322, 23323, 23324, 23325, 23326, 23327, 23328, 23397, 23424, 23430, 23431, 23432, 23433, 23434, 23435, 23436, 23437, 23438, 23439, 23450, 23451, 23452, 23453, 23454, 23455, 23456, 23457, 23459, 23460, 23461, 23462, 23463, 23464, 23466, 23467, 23471, 23479, 23487, 23501, 23502, 23503, 23504, 23505, 23507, 23508, 23509, 23510, 23511, 23513, 23514, 23515, 23517, 23518, 23523, 23529, 23541, 23551, 23601, 23602, 23603, 23604, 23605, 23606, 23607, 23608, 23609, 23612, 23628, 23630, 23651, 23661, 23662, 23663, 23664, 23665, 23666, 23667, 23668, 23669, 23670, 23681, 23690, 23691, 23692, 23693, 23694, 23696, 23701, 23702, 23703, 23704, 23705, 23707, 23708, 23709, 23851, 23866, 23898, 27916 show more

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