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RentData.org Logo Henry County-Martinsville city Fair Market Rent FY 2006 Henry County-Martinsville city, VA HUD Nonmetro FMR Area Rental Data

Fair Market Rent Prices in Henry County-Martinsville city, VA :
$372 $387 $483 $619 $710
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 Henry County-Martinsville city are very low compared to the national average. This FMR area is less expensive than 72% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Henry County-Martinsville city is $483 per month.

This FMR rate applies to Stanleytown, VA, Callands, VA, Spencer, VA, Patrick Springs, VA, Fieldale, VA, Axton, VA, Collinsville, VA, Ridgeway, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51089N51089.

Additionally, This Fair Market Rent (FMR) area Henry County-Martinsville city, VA HUD Nonmetro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Henry County-Martinsville city, VA HUD Nonmetro FMR Area FMR area is 57,930 people based on latest Census data.

Compared to the rest of Virginia, the Henry County-Martinsville city FMR area is less expensive than 87% 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 Henry County-Martinsville city. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Henry County-Martinsville 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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 430
1-BR 1-Bedroom $ 430
2-BR 2-Bedroom $ 516
3-BR 3-Bedroom $ 666
4-BR 4-Bedroom $ 789
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 Henry County-Martinsville city, VA HUD Nonmetro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Roanoke - Lynchburg and Greensboro - H. Point - W. Salem.

County / Region Est. Population
Henry County-Martinsville city, VA 57,930
Zip Codes in Henry County-Martinsville city, VA HUD Nonmetro FMR Area

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

24054, 24078, 24089, 24133, 24148, 24165, 24168 and 24530

Lookup Fair Market Rent by Zip Code

What's Next?

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