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RentData.org Logo Wise County-Norton city Fair Market Rent FY 2021 Wise County-Norton city, VA HUD Nonmetro FMR Area Rental Data

Fair Market Rent Prices in Wise County-Norton city, VA :
$472 $532 $701 $912 $951
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 Wise County-Norton city are very low compared to the national average. This FMR area is less expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wise County-Norton city 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 Andover, VA, East Stone Gap, VA, Appalachia, VA, Pound, VA, Norton, VA, Wise, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51195N51195.

Additionally, This Fair Market Rent (FMR) area Wise County-Norton city, VA HUD Nonmetro FMR Area spans two counties or cities in Virginia which ares listed in the table below. Estimated population of Wise County-Norton city, VA HUD Nonmetro FMR Area FMR area is 0 people based on 2000 Census data.

Compared to the rest of Virginia, the Wise County-Norton city FMR area is less expensive than 96% 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 Wise County-Norton city. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Wise County-Norton city

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 $ 532
2-BR 2-Bedroom $ 701
3-BR 3-Bedroom $ 912
4-BR 4-Bedroom $ 951
Change Year:

The counties, cities, towns, and regions listed below fall into the Wise County-Norton city, VA HUD Nonmetro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Tri - Cities, Tn - Va.

County / Region Est. Population
Norton city, VA 0
Wise County, VA 0
Zip Codes in Wise County-Norton city, VA HUD Nonmetro FMR Area

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

24215, 24216, 24246, 24273, 24279 and 24293

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