Alleghany County-Clifton Forge city-Covington city Fair Market Rent FY 2024 Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet Rental Data

Fair Market Rent prices in Alleghany County-Clifton Forge city-Covington city are low compared to the national average. This FMR area is less expensive than 58% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Alleghany County-Clifton Forge city-Covington city is $905 per month.

The previous year, rent for a two-bedroom home was $812 per month. This is a 11.45% increase year-over-year.

This FMR rate applies to Iron Gate, VA, Low Moor, VA, Selma, VA, Hot Springs, VA, New Castle, VA, Clifton Forge, VA, Covington, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51005N51005.

Additionally, This Fair Market Rent (FMR) area Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet spans one county or city in Virginia which is listed in the table below. Estimated population of Alleghany County-Clifton Forge city-Covington city, VA HUD Nonmet FMR area is 15,030 people based on latest Census data.

Compared to the rest of Virginia, the Alleghany County-Clifton Forge city-Covington city FMR area is less expensive than 85% of the state.

Median Rent Prices in Alleghany County-Clifton Forge city-Covington 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.

50^th Percentile Rental Prices: