Henry County-Martinsville city Fair Market Rent FY 2023 Henry County-Martinsville city, VA HUD Nonmetro FMR Area Rental Data

Fair Market Rent prices in Henry County-Martinsville city are very low compared to the national average. This FMR area is less expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Henry County-Martinsville city is $793 per month.

The previous year, rent for a two-bedroom home was $702 per month. This is a 12.96% increase year-over-year.

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 51,032 people based on latest Census data.

Compared to the rest of Virginia, the Henry County-Martinsville city FMR area is less expensive than 97% of the state.

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.

50^th Percentile Rental Prices: