Norfolk city, VA

2024 Fair Market Rents

Tags: 2024 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

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 two largest cities in Norfolk city are Virginia Beach and Norfolk. 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 Norfolk city use?

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

Norfolk city ($1,493) has a 17.9% higher FMR for 2-Bedroom housing than the average of Virginia ($1,266) and therefore a higher gross rent.

Norfolk city is rank 36th out of 133 counties. This means the FMRs, or in other words, the gross rent is higher than 97 other counties. Norfolk city is the 36th most expensive county in terms of FMRs.

Rent Tables Norfolk city, VA

Fair Market Rent (40th Percentile)

$1,279
studio
$1,287
1-Bedroom
$1,493
2-Bedroom
$2,079
3-Bedroom
$2,532
4-Bedroom

Median Rent (50th Percentile)

$1,364
studio
$1,373
1-Bedroom
$1,593
2-Bedroom
$2,218
3-Bedroom
$2,702
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
23462 $1,480 $1,490 $1,730 $2,410 $2,930
23501 $1,170 $1,180 $1,370 $1,910 $2,320
23502 $1,220 $1,230 $1,430 $1,990 $2,430
23503 $1,180 $1,190 $1,380 $1,920 $2,340
23504 $1,040 $1,050 $1,220 $1,700 $2,070
23505 $1,210 $1,220 $1,410 $1,960 $2,390
23507 $1,330 $1,340 $1,550 $2,160 $2,630
23508 $1,270 $1,280 $1,480 $2,060 $2,510
23509 $1,220 $1,220 $1,420 $1,980 $2,410
23510 $1,520 $1,530 $1,780 $2,480 $3,020
23511 $1,870 $1,880 $2,180 $3,040 $3,700
23513 $1,160 $1,170 $1,360 $1,890 $2,310
23514 $1,170 $1,180 $1,370 $1,910 $2,320
23515 $1,170 $1,180 $1,370 $1,910 $2,320
23517 $1,230 $1,240 $1,440 $2,010 $2,440
23518 $1,200 $1,210 $1,400 $1,950 $2,370
23523 $1,040 $1,040 $1,210 $1,690 $2,050
23529 $1,170 $1,180 $1,370 $1,910 $2,320
23541 $1,170 $1,180 $1,370 $1,910 $2,320
23551 $1,440 $1,450 $1,680 $2,340 $2,850
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23462 $1,332 $1,341 $1,557 $2,169 $2,637
23501 $1,053 $1,062 $1,233 $1,719 $2,088
23502 $1,098 $1,107 $1,287 $1,791 $2,187
23503 $1,062 $1,071 $1,242 $1,728 $2,106
23504 $936 $945 $1,098 $1,530 $1,863
23505 $1,089 $1,098 $1,269 $1,764 $2,151
23507 $1,197 $1,206 $1,395 $1,944 $2,367
23508 $1,143 $1,152 $1,332 $1,854 $2,259
23509 $1,098 $1,098 $1,278 $1,782 $2,169
23510 $1,368 $1,377 $1,602 $2,232 $2,718
23511 $1,683 $1,692 $1,962 $2,736 $3,330
23513 $1,044 $1,053 $1,224 $1,701 $2,079
23514 $1,053 $1,062 $1,233 $1,719 $2,088
23515 $1,053 $1,062 $1,233 $1,719 $2,088
23517 $1,107 $1,116 $1,296 $1,809 $2,196
23518 $1,080 $1,089 $1,260 $1,755 $2,133
23523 $936 $936 $1,089 $1,521 $1,845
23529 $1,053 $1,062 $1,233 $1,719 $2,088
23541 $1,053 $1,062 $1,233 $1,719 $2,088
23551 $1,296 $1,305 $1,512 $2,106 $2,565
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23462 $1,628 $1,639 $1,903 $2,651 $3,223
23501 $1,287 $1,298 $1,507 $2,101 $2,552
23502 $1,342 $1,353 $1,573 $2,189 $2,673
23503 $1,298 $1,309 $1,518 $2,112 $2,574
23504 $1,144 $1,155 $1,342 $1,870 $2,277
23505 $1,331 $1,342 $1,551 $2,156 $2,629
23507 $1,463 $1,474 $1,705 $2,376 $2,893
23508 $1,397 $1,408 $1,628 $2,266 $2,761
23509 $1,342 $1,342 $1,562 $2,178 $2,651
23510 $1,672 $1,683 $1,958 $2,728 $3,322
23511 $2,057 $2,068 $2,398 $3,344 $4,070
23513 $1,276 $1,287 $1,496 $2,079 $2,541
23514 $1,287 $1,298 $1,507 $2,101 $2,552
23515 $1,287 $1,298 $1,507 $2,101 $2,552
23517 $1,353 $1,364 $1,584 $2,211 $2,684
23518 $1,320 $1,331 $1,540 $2,145 $2,607
23523 $1,144 $1,144 $1,331 $1,859 $2,255
23529 $1,287 $1,298 $1,507 $2,101 $2,552
23541 $1,287 $1,298 $1,507 $2,101 $2,552
23551 $1,584 $1,595 $1,848 $2,574 $3,135

Fair Market Rents on this page apply to the following cities in Norfolk city, Virginia: Virginia Beach and Norfolk.

These Fair Market Rents also apply to the following ZIP codes in Norfolk city, Virginia: 23462, 23503, 23513, 23518, 23505, 23502, 23504, 23508, 23509, 23523, 23507, 23510, 23517, 23511, 23501, 23541, 23515, 23514, 23529, and 23551.

Norfolk city, VA is considered part of the following metro FMR area: VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Gloucester County, VA, Isle of Wight County, VA, James City County, VA, Mathews County, VA, York County, VA, Chesapeake city, VA, Hampton city, VA, Newport News city, VA, Poquoson city, VA, Portsmouth city, VA, Suffolk city, VA, Virginia Beach city, VA, and Williamsburg city, VA.

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