Covington city, VA

2024 Fair Market Rents

Tags: 2024 40th percentile Virginia

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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 zero largest cities in Covington city are . 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 Covington city use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Covington city uses 40th percentile Fair Market Rents.

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 Covington city compare?

Covington city ($905) has a 28.5% lower FMR for 2-Bedroom housing than the average of Virginia ($1,266) and therefore has a lower gross rent.

Covington city is rank 102nd out of 133 counties. This means the FMRs, or in other words, the gross rent is lower than 101 other counties. Covington city is the 32nd cheapest county in terms of FMRs.

Rent Tables Covington city, VA

Fair Market Rent (40th Percentile)

$749
studio
$753
1-Bedroom
$905
2-Bedroom
$1,197
3-Bedroom
$1,254
4-Bedroom

Median Rent (50th Percentile)

$803
studio
$808
1-Bedroom
$970
2-Bedroom
$1,283
3-Bedroom
$1,344
4-Bedroom

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Data Source

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