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RentData.org Logo Virginia Beach-Norfolk-Newport News Fair Market Rent FY 2012 Virginia Beach-Norfolk-Newport News, VA-NC MSA Rental Data

Fair Market Rent Prices in Virginia Beach-Norfolk-Newport News, NC :
$882 $919 $1,064 $1,454 $1,753
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

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 97% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Virginia Beach-Norfolk-Newport News is $1,064 per month.

The previous year, rent for a two-bedroom home was $965 per month. This is a 10.26% 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 MSA 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 MSA FMR area is 18,190 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 100% 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 Virginia Beach-Norfolk-Newport News. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 882
1-BR 1-Bedroom $ 919
2-BR 2-Bedroom $ 1064
3-BR 3-Bedroom $ 1454
4-BR 4-Bedroom $ 1753
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

There is just one county (listed below) within the Virginia Beach-Norfolk-Newport News, VA-NC MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Norfolk - Portsmth - Newpt Nws.

County / Region Est. Population
Virginia Beach-Norfolk-Newport News, NC Metro 18,190
Zip Codes in Virginia Beach-Norfolk-Newport News, VA-NC MSA

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

27916, 27917, 27923, 27927, 27929, 27939, 27941, 27947, 27950, 27956, 27958, 27964, 27965 and 27966

Lookup Fair Market Rent by Zip Code

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