Southampton County-Franklin city Fair Market Rent FY 2024 Southampton County-Franklin city, VA HUD Metro FMR Area Rental Data

Fair Market Rent prices in Southampton County-Franklin city are high compared to the national average. This FMR area is more expensive than 79% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Southampton County-Franklin city is $1,053 per month.

The previous year, rent for a two-bedroom home was $953 per month. This is a 10.49% increase year-over-year.

This FMR rate applies to Branchville, VA, Drewryville, VA, Newsoms, VA, Sedley, VA, Capron, VA, Boykins, VA, Wakefield, VA, Courtland, VA and other cities within the region. The Metro Code or CBSA code for this region is METRO47260N51175.

Additionally, This Fair Market Rent (FMR) area Southampton County-Franklin city, VA HUD Metro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Southampton County-Franklin city, VA HUD Metro FMR Area FMR area is 17,829 people based on latest Census data.

Compared to the rest of Virginia, the Southampton County-Franklin city FMR area is more expensive than 65% of the state.

Median Rent Prices in Southampton County-Franklin 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: