Caroline County, VA

2024 Fair Market Rents

Tags: 2024 Virginia

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 Caroline County are Fredericksburg, Ruther Glen, Tappahannock, and Beaverdam. 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 Caroline County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Caroline 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 Caroline County compare?

Caroline County ($1,181) has a 6.7% lower FMR for 2-Bedroom housing than the average of Virginia ($1,266) and therefore has a lower gross rent.

Caroline County is rank 58th out of 133 counties. This means the FMRs, or in other words, the gross rent is higher than 75 other counties. Caroline County is the 58th most expensive county in terms of FMRs.

Rent Tables Caroline County, VA

Fair Market Rent (40th Percentile)

$946
studio
$952
1-Bedroom
$1,181
2-Bedroom
$1,664
3-Bedroom
$1,946
4-Bedroom

Median Rent (50th Percentile)

$1,009
studio
$1,015
1-Bedroom
$1,259
2-Bedroom
$1,774
3-Bedroom
$2,074
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
22546 $0 $1,570 $1,770 $2,260 $2,750
23015 $0 $1,360 $1,530 $1,950 $2,360
23047 $0 $1,370 $1,540 $1,970 $2,400
23069 $0 $1,500 $1,690 $2,160 $2,630
22514 $0 $900 $1,010 $1,420 $1,580
22560 $0 $900 $1,010 $1,420 $1,580
22408 $0 $1,570 $1,780 $2,210 $2,620
22546 $0 $1,570 $1,770 $2,260 $2,750
22580 $0 $1,040 $1,180 $1,470 $1,740
23015 $0 $1,360 $1,530 $1,950 $2,360
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
22546 $1,377 $1,413 $1,593 $2,034 $2,475
23015 $1,197 $1,224 $1,377 $1,755 $2,124
23047 $1,206 $1,233 $1,386 $1,773 $2,160
23069 $1,314 $1,350 $1,521 $1,944 $2,367
22514 $792 $810 $909 $1,278 $1,422
22560 $792 $810 $909 $1,278 $1,422
22408 $1,386 $1,413 $1,602 $1,989 $2,358
22546 $1,377 $1,413 $1,593 $2,034 $2,475
22580 $918 $936 $1,062 $1,323 $1,566
23015 $1,197 $1,224 $1,377 $1,755 $2,124
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
22546 $1,683 $1,727 $1,947 $2,486 $3,025
23015 $1,463 $1,496 $1,683 $2,145 $2,596
23047 $1,474 $1,507 $1,694 $2,167 $2,640
23069 $1,606 $1,650 $1,859 $2,376 $2,893
22514 $968 $990 $1,111 $1,562 $1,738
22560 $968 $990 $1,111 $1,562 $1,738
22408 $1,694 $1,727 $1,958 $2,431 $2,882
22546 $1,683 $1,727 $1,947 $2,486 $3,025
22580 $1,122 $1,144 $1,298 $1,617 $1,914
23015 $1,463 $1,496 $1,683 $2,145 $2,596

Fair Market Rents on this page apply to the following cities in Caroline County, Virginia: Fredericksburg, Ruther Glen, Tappahannock, Beaverdam, Woodford, Bowling Green, Hanover, Doswell, Milford, Caret, Port Royal, Rappahannock Academy, Ladysmith, Sparta, Corbin, and Champlain.

These Fair Market Rents also apply to the following ZIP codes in Caroline County, Virginia: 22408, 22546, 22560, 23015, 22580, 22427, 23069, 23047, 22514, 22436, 22535, 22538, 22501, 22552, 22446, 22438, and 22428.

More on Caroline County, VA

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