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RentData.org Logo Smyth County Fair Market Rent FY 2023 Smyth County, VA Rental Data

Fair Market Rent Prices in Smyth County, VA :
$530 $681 $793 $1,026 $1,351
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 Smyth County are low compared to the national average. This FMR area is less expensive than 60% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Smyth County 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 Broadford, VA, Speedwell, VA, Sugar Grove, VA, Atkins, VA, Rural Retreat, VA, Tazewell, VA, Saltville, VA, Chilhowie, VA, Marion, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51173N51173.

Additionally, This Fair Market Rent (FMR) area Smyth County, VA spans one county or city in Virginia which is listed in the table below. Estimated population of Smyth County, VA FMR area is 30,539 people based on latest Census data.

Compared to the rest of Virginia, the Smyth County FMR area is less expensive than 64% 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 Smyth County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Smyth 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 $ 560
1-BR 1-Bedroom $ 720
2-BR 2-Bedroom $ 838
3-BR 3-Bedroom $ 1085
4-BR 4-Bedroom $ 1427
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 Smyth County, VA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Tri - Cities, Tn - Va, Bluefield - Beckley - Oak Hill and Roanoke - Lynchburg.

County / Region Est. Population
Smyth County, VA 30,539
Zip Codes in Smyth County, VA

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

24311, 24316, 24319, 24354, 24368, 24370, 24374, 24375 and 24651

Lookup Fair Market Rent by Zip Code

What's Next?

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