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RentData.org Logo Danville Fair Market Rent FY 2007 Danville, VA MSA Rental Data

Fair Market Rent Prices in Danville, VA :
$353 $405 $523 $652 $700
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Danville are very low compared to the national average. This FMR area is less expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Danville is $523 per month.

The previous year, rent for a two-bedroom home was $503 per month. This is a 3.98% increase year-over-year.

This FMR rate applies to Sandy Level, VA, Keeling, VA, Cascade, VA, Blairs, VA, Dry Fork, VA, Hurt, VA, Ringgold, VA, Chatham, VA, Danville, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO19260M19260.

Additionally, This Fair Market Rent (FMR) area Danville, VA MSA spans one county or city in Virginia which is listed in the table below. Estimated population of Danville, VA MSA FMR area is 61,745 people based on latest Census data.

Compared to the rest of Virginia, the Danville FMR area is less expensive than 92% 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 Danville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Danville

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 $ 432
1-BR 1-Bedroom $ 433
2-BR 2-Bedroom $ 560
3-BR 3-Bedroom $ 698
4-BR 4-Bedroom $ 720
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Danville, VA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Roanoke - Lynchburg.

County / Region Est. Population
Danville, VA Metro 61,745
Zip Codes in Danville, VA MSA

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

24069, 24161, 24527, 24531, 24540, 24541, 24549, 24563, 24566 and 24586

Lookup Fair Market Rent by Zip Code

What's Next?

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