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RentData.org Logo Buchanan County Fair Market Rent FY 2021 Buchanan County, VA Rental Data

Fair Market Rent Prices in Buchanan County, VA :
$601 $615 $701 $880 $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 Buchanan County are very low compared to the national average. This FMR area is less expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Buchanan 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 Bee, VA, Davenport, VA, Pilgrims Knob, VA, Wolford, VA, Whitewood, VA, Keen Mountain, VA, Mavisdale, VA, Maxie, VA, Rowe, VA, Jewell Ridge, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51027N51027.

Additionally, This Fair Market Rent (FMR) area Buchanan County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Buchanan County, VA FMR area is 22,610 people based on latest Census data.

Compared to the rest of Virginia, the Buchanan 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 Buchanan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Buchanan 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 $ 601
1-BR 1-Bedroom $ 615
2-BR 2-Bedroom $ 701
3-BR 3-Bedroom $ 880
4-BR 4-Bedroom $ 951
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

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

County / Region Est. Population
Buchanan County, VA 22,610
Zip Codes in Buchanan County, VA

There are 19 unique zip codes in this Fair Market Rent (FMR) area:

24217, 24239, 24256, 24260, 24603, 24614, 24620, 24622, 24624, 24627, 24628, 24631, 24634, 24639, 24646, 24649, 24656, 24657 and 24658

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