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RentData.org Logo Caroline County Fair Market Rent FY 2023 Caroline County, VA Rental Data

Fair Market Rent Prices in Caroline County, VA :
$805 $847 $1,056 $1,501 $1,664
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Caroline County are high compared to the national average. This FMR area is more expensive than 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Caroline County is $1,056 per month.

The previous year, rent for a two-bedroom home was $1,047 per month. This is a 0.86% increase year-over-year.

This FMR rate applies to Champlain, VA, Corbin, VA, Ladysmith, VA, Rappahannock Academy, VA, Sparta, VA, Port Royal, VA, Caret, VA, Milford, VA, Doswell, VA, Hanover, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51033N51033.

Additionally, This Fair Market Rent (FMR) area Caroline County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Caroline County, VA FMR area is 30,581 people based on latest Census data.

Compared to the rest of Virginia, the Caroline County FMR area is more expensive than 84% 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 Caroline County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Caroline 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 $ 860
1-BR 1-Bedroom $ 930
2-BR 2-Bedroom $ 1160
3-BR 3-Bedroom $ 1649
4-BR 4-Bedroom $ 1828
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Caroline County, VA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Washington, Dc (Hagrstwn) and Richmond - Petersburg.

County / Region Est. Population
Caroline County, VA 30,581
Zip Codes in Caroline County, VA

There are 17 unique zip codes in this Fair Market Rent (FMR) area:

22408, 22427, 22428, 22436, 22438, 22446, 22501, 22514, 22535, 22538, 22546, 22552, 22560, 22580, 23015, 23047 and 23069

Lookup Fair Market Rent by Zip Code

What's Next?

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