RentData.org

RentData.org Logo Lynchburg Fair Market Rent FY 2023 Lynchburg, VA MSA Rental Data

Fair Market Rent Prices in Lynchburg, VA :
$805 $819 $930 $1,264 $1,393
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lynchburg are high compared to the national average. This FMR area is more expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lynchburg is $930 per month.

The previous year, rent for a two-bedroom home was $863 per month. This is a 7.76% increase year-over-year.

This FMR rate applies to Tyro, VA, Clifford, VA, Sweet Briar, VA, Vesuvius, VA, Big Island, VA, Arrington, VA, Gladstone, VA, Roseland, VA, Monroe, VA, Amherst, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO31340M31340.

Additionally, This Fair Market Rent (FMR) area Lynchburg, VA MSA spans one county or city in Virginia which is listed in the table below. Estimated population of Lynchburg, VA MSA FMR area is 31,782 people based on latest Census data.

Compared to the rest of Virginia, the Lynchburg FMR area is more expensive than 66% of the state.

Virginia Rents Map

Click on the map to view more another region.

See Nationwide Map

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 Lynchburg. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lynchburg

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 $ 858
1-BR 1-Bedroom $ 873
2-BR 2-Bedroom $ 991
3-BR 3-Bedroom $ 1347
4-BR 4-Bedroom $ 1485
Change Year:

There is just one county (listed below) within the Lynchburg, 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
Lynchburg, VA Metro 31,782
Zip Codes in Lynchburg, VA MSA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

22922, 22967, 22976, 24483, 24521, 24526, 24533, 24553, 24572, 24574 and 24595

Lookup Fair Market Rent by Zip Code
Top