Virginia Beach-Norfolk-Newport News Fair Market Rent FY 2025 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area Rental Data

Fair Market Rent prices in Virginia Beach-Norfolk-Newport News are very high compared to the national average. This FMR area is more expensive than 96% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Virginia Beach-Norfolk-Newport News is $1,696 per month.

The previous year, rent for a two-bedroom home was $1,493 per month. This is a 13.6% increase year-over-year.

This FMR rate applies to Maple, NC, Poplar Branch, NC, Point Harbor, NC, Coinjock, NC, Barco, NC, Harbinger, NC, Aydlett, NC, Corolla, NC, Jarvisburg, NC, Powells Point, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO47260M47260.

Additionally, This Fair Market Rent (FMR) area Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area FMR area is 0 people based on latest Census data.

Compared to the rest of North Carolina, the Virginia Beach-Norfolk-Newport News FMR area is more expensive than 96% of the state.

Median Rent Prices in Virginia Beach-Norfolk-Newport News

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: