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RentData.org Logo Virginia Beach-Norfolk-Newport News Fair Market Rent FY 2022 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Virginia Beach-Norfolk-Newport News, NC :
$993 $1,015 $1,193 $1,676 $2,042
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th 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 $1,193 per month.

The previous year, rent for a two-bedroom home was $1,147 per month. This is a 4.01% increase year-over-year.

This FMR rate applies to Maple, NC, Poplar Branch, NC, Point Harbor, NC, Coinjock, NC, Barco, NC, Harbinger, NC, Aydlett, NC, Corolla, NC, Jarvisburg, NC, Powells Point, NC 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 one county or city in North Carolina which is listed in the table below. Estimated population of Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of North Carolina, the Virginia Beach-Norfolk-Newport News FMR area is more expensive than 98% 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 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 $ 1065
1-BR 1-Bedroom $ 1088
2-BR 2-Bedroom $ 1279
3-BR 3-Bedroom $ 1797
4-BR 4-Bedroom $ 2189
Change Year:

There is just one county (listed below) within the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Norfolk - Portsmth - Newpt Nws.

County / Region Est. Population
, NC Metro 0
Zip Codes in Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

27916, 27917, 27923, 27927, 27929, 27939, 27941, 27947, 27950, 27956, 27958, 27964, 27965 and 27966

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