Bedford County, VA

2024 Fair Market Rents

Tags: 2024 Lynchburg, VA MSA

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Return to the state page to see where Virginia ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Bedford County are Lynchburg, Forest, Vinton, and Bedford. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Bedford County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Bedford County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Bedford County compare?

Bedford County ($1,093) has a 13.7% lower FMR for 2-Bedroom housing than the average of Virginia ($1,266) and therefore has a lower gross rent.

Bedford County is rank 72nd out of 133 counties. This means the FMRs, or in other words, the gross rent is lower than 71 other counties. Bedford County is the 62nd cheapest county in terms of FMRs.

Rent Tables Bedford County, VA

Fair Market Rent (40th Percentile)

$948
studio
$966
1-Bedroom
$1,093
2-Bedroom
$1,494
3-Bedroom
$1,627
4-Bedroom

Median Rent (50th Percentile)

$1,022
studio
$1,042
1-Bedroom
$1,179
2-Bedroom
$1,612
3-Bedroom
$1,755
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24064 $780 $840 $990 $1,380 $1,570
24095 $1,020 $1,040 $1,180 $1,610 $1,760
24101 $840 $930 $1,080 $1,410 $1,590
24104 $870 $910 $1,030 $1,400 $1,530
24121 $940 $990 $1,130 $1,520 $1,670
24122 $780 $830 $970 $1,340 $1,510
24139 $1,000 $1,020 $1,150 $1,570 $1,710
24174 $780 $800 $910 $1,240 $1,350
24179 $780 $840 $1,000 $1,390 $1,590
24501 $950 $960 $1,090 $1,490 $1,620
24502 $1,130 $1,150 $1,300 $1,780 $1,940
24503 $920 $940 $1,060 $1,450 $1,580
24523 $960 $980 $1,110 $1,520 $1,650
24536 $950 $960 $1,090 $1,500 $1,630
24550 $850 $870 $980 $1,340 $1,460
24551 $1,030 $1,050 $1,190 $1,630 $1,770
24556 $990 $1,010 $1,140 $1,570 $1,700
24570 $1,000 $1,020 $1,150 $1,570 $1,710
24571 $780 $800 $910 $1,240 $1,350
24064 $780 $840 $990 $1,380 $1,570
24101 $840 $930 $1,080 $1,410 $1,590
24179 $780 $840 $1,000 $1,390 $1,590
24101 $840 $930 $1,080 $1,410 $1,590
24121 $940 $990 $1,130 $1,520 $1,670
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24064 $702 $756 $891 $1,242 $1,413
24095 $918 $936 $1,062 $1,449 $1,584
24101 $756 $837 $972 $1,269 $1,431
24104 $783 $819 $927 $1,260 $1,377
24121 $846 $891 $1,017 $1,368 $1,503
24122 $702 $747 $873 $1,206 $1,359
24139 $900 $918 $1,035 $1,413 $1,539
24174 $702 $720 $819 $1,116 $1,215
24179 $702 $756 $900 $1,251 $1,431
24501 $855 $864 $981 $1,341 $1,458
24502 $1,017 $1,035 $1,170 $1,602 $1,746
24503 $828 $846 $954 $1,305 $1,422
24523 $864 $882 $999 $1,368 $1,485
24536 $855 $864 $981 $1,350 $1,467
24550 $765 $783 $882 $1,206 $1,314
24551 $927 $945 $1,071 $1,467 $1,593
24556 $891 $909 $1,026 $1,413 $1,530
24570 $900 $918 $1,035 $1,413 $1,539
24571 $702 $720 $819 $1,116 $1,215
24064 $702 $756 $891 $1,242 $1,413
24101 $756 $837 $972 $1,269 $1,431
24179 $702 $756 $900 $1,251 $1,431
24101 $756 $837 $972 $1,269 $1,431
24121 $846 $891 $1,017 $1,368 $1,503
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24064 $858 $924 $1,089 $1,518 $1,727
24095 $1,122 $1,144 $1,298 $1,771 $1,936
24101 $924 $1,023 $1,188 $1,551 $1,749
24104 $957 $1,001 $1,133 $1,540 $1,683
24121 $1,034 $1,089 $1,243 $1,672 $1,837
24122 $858 $913 $1,067 $1,474 $1,661
24139 $1,100 $1,122 $1,265 $1,727 $1,881
24174 $858 $880 $1,001 $1,364 $1,485
24179 $858 $924 $1,100 $1,529 $1,749
24501 $1,045 $1,056 $1,199 $1,639 $1,782
24502 $1,243 $1,265 $1,430 $1,958 $2,134
24503 $1,012 $1,034 $1,166 $1,595 $1,738
24523 $1,056 $1,078 $1,221 $1,672 $1,815
24536 $1,045 $1,056 $1,199 $1,650 $1,793
24550 $935 $957 $1,078 $1,474 $1,606
24551 $1,133 $1,155 $1,309 $1,793 $1,947
24556 $1,089 $1,111 $1,254 $1,727 $1,870
24570 $1,100 $1,122 $1,265 $1,727 $1,881
24571 $858 $880 $1,001 $1,364 $1,485
24064 $858 $924 $1,089 $1,518 $1,727
24101 $924 $1,023 $1,188 $1,551 $1,749
24179 $858 $924 $1,100 $1,529 $1,749
24101 $924 $1,023 $1,188 $1,551 $1,749
24121 $1,034 $1,089 $1,243 $1,672 $1,837

Fair Market Rents on this page apply to the following cities in Bedford County, Virginia: Lynchburg, Forest, Vinton, Bedford, Moneta, Evington, Hardy, Blue Ridge, Goodview, Huddleston, Goode, Thaxton, Lynch Station, Montvale, Pittsville, Coleman Falls, and Lowry.

These Fair Market Rents also apply to the following ZIP codes in Bedford County, Virginia: 24502, 24551, 24501, 24503, 24179, 24523, 24121, 24550, 24101, 24064, 24095, 24104, 24556, 24174, 24571, 24122, 24139, 24536, and 24570.

Bedford County, VA is considered part of the following metro FMR area: LYNCHBURG, VA MSA.

Other counties in the same metro FMR area are: Amherst County, VA, Appomattox County, VA, Campbell County, VA, and Lynchburg city, VA.

More on Bedford County, VA

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.