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RentData.org Logo Charlottesville Fair Market Rent FY 2017 Charlottesville, VA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Charlottesville, VA :
$714 $976 $1,126 $1,409 $1,653
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Charlottesville 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 Charlottesville is $1,126 per month.

The previous year, rent for a two-bedroom home was $1,171 per month. This is a 3.84% decrease year-over-year.

This FMR rate applies to White Hall, VA, Batesville, VA, Covesville, VA, Ivy, VA, Keene, VA, Howardsville, VA, Greenwood, VA, Dyke, VA, Esmont, VA, Schuyler, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO16820M16820.

Additionally, This Fair Market Rent (FMR) area Charlottesville, VA HUD Metro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Charlottesville, VA HUD Metro FMR Area FMR area is 98,970 people based on latest Census data.

Compared to the rest of Virginia, the Charlottesville FMR area is more expensive than 93% 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 Charlottesville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Charlottesville

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 $ 766
1-BR 1-Bedroom $ 1047
2-BR 2-Bedroom $ 1208
3-BR 3-Bedroom $ 1511
4-BR 4-Bedroom $ 1773
Change Year:
2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Charlottesville, VA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Charlottesville, Roanoke - Lynchburg and Richmond - Petersburg.

County / Region Est. Population
Charlottesville, VA Metro 98,970
Zip Codes in Charlottesville, VA HUD Metro FMR Area

There are 29 unique zip codes in this Fair Market Rent (FMR) area:

22901, 22902, 22903, 22904, 22908, 22909, 22911, 22920, 22923, 22924, 22931, 22932, 22935, 22936, 22937, 22938, 22940, 22942, 22943, 22945, 22946, 22947, 22959, 22968, 22969, 22974, 22987, 24562 and 24590

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What's Next?

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