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RentData.org Logo Wise County-Norton city Fair Market Rent FY 2015 Wise County-Norton city, VA HUD Nonmetro FMR Area Rental Data

Fair Market Rent Prices in Wise County-Norton city, VA :
$519 $542 $643 $801 $1,017
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 Wise County-Norton city are average compared to the national average. This FMR area is more expensive than 54% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wise County-Norton city is $643 per month.

The previous year, rent for a two-bedroom home was $617 per month. This is a 4.21% increase year-over-year.

This FMR rate applies to Andover, VA, East Stone Gap, VA, Appalachia, VA, Pound, VA, Norton, VA, Wise, VA and other cities within the region. The Metro Code or CBSA code for this region is NCNTY51195N51195.

Additionally, This Fair Market Rent (FMR) area Wise County-Norton city, VA HUD Nonmetro FMR Area spans one county or city in Virginia which is listed in the table below. Estimated population of Wise County-Norton city, VA HUD Nonmetro FMR Area FMR area is 41,452 people based on latest Census data.

Compared to the rest of Virginia, the Wise County-Norton city FMR area is less expensive than 78% 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 Wise County-Norton city. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Wise County-Norton 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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 556
1-BR 1-Bedroom $ 580
2-BR 2-Bedroom $ 688
3-BR 3-Bedroom $ 857
4-BR 4-Bedroom $ 1088
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 Wise County-Norton city, VA HUD Nonmetro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Tri - Cities, Tn - Va.

County / Region Est. Population
Wise County-Norton city, VA 41,452
Zip Codes in Wise County-Norton city, VA HUD Nonmetro FMR Area

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

24215, 24216, 24246, 24273, 24279 and 24293

Lookup Fair Market Rent by Zip Code

What's Next?

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