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RentData.org Logo Madison County Fair Market Rent FY 2024 Madison County, VA HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Madison County, VA :
$786 $792 $1,040 $1,285 $1,526
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 Madison County are average compared to the national average. This FMR area is more expensive than 68% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Madison County is $1,040 per month.

The previous year, rent for a two-bedroom home was $984 per month. This is a 5.69% increase year-over-year.

This FMR rate applies to Woodberry Forest, VA, Banco, VA, Syria, VA, Etlan, VA, Haywood, VA, Hood, VA, Leon, VA, Wolftown, VA, Oakpark, VA, Pratts, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO47900M51113.

Additionally, This Fair Market Rent (FMR) area Madison County, VA HUD Metro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Madison County, VA HUD Metro FMR Area FMR area is 13,208 people based on latest Census data.

Compared to the rest of Virginia, the Madison County FMR area is more expensive than 55% 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 Madison County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Madison County

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 $ 817
1-BR 1-Bedroom $ 822
2-BR 2-Bedroom $ 1080
3-BR 3-Bedroom $ 1334
4-BR 4-Bedroom $ 1585
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Madison County, VA HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Charlottesville.

County / Region Est. Population
Madison County, VA Metro 13,208
Zip Codes in Madison County, VA HUD Metro FMR Area

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

22709, 22711, 22715, 22719, 22722, 22723, 22725, 22727, 22730, 22731, 22732, 22738, 22743, 22748, 22948, 22960, 22972 and 22989

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What's Next?

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