Virginia Beach 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 one largest cities in Virginia Beach city are Virginia Beach. 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 Virginia Beach city use?

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

Virginia Beach 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.

Virginia Beach 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. Virginia Beach city is the 36th most expensive county in terms of FMRs.

Rent Tables Virginia Beach 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
23450 $1,460 $1,460 $1,700 $2,370 $2,880
23451 $1,470 $1,480 $1,720 $2,400 $2,920
23452 $1,470 $1,480 $1,720 $2,400 $2,920
23453 $1,470 $1,480 $1,720 $2,400 $2,920
23454 $1,400 $1,410 $1,640 $2,280 $2,780
23455 $1,540 $1,550 $1,800 $2,510 $3,050
23456 $1,860 $1,870 $2,170 $3,020 $3,680
23457 $1,570 $1,580 $1,840 $2,560 $3,120
23459 $1,860 $1,870 $2,170 $3,020 $3,680
23460 $1,400 $1,410 $1,640 $2,280 $2,780
23461 $1,400 $1,410 $1,640 $2,280 $2,780
23463 $1,460 $1,460 $1,700 $2,370 $2,880
23466 $1,460 $1,460 $1,700 $2,370 $2,880
23467 $1,460 $1,460 $1,700 $2,370 $2,880
23471 $1,460 $1,460 $1,700 $2,370 $2,880
23479 $1,460 $1,460 $1,700 $2,370 $2,880
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23450 $1,314 $1,314 $1,530 $2,133 $2,592
23451 $1,323 $1,332 $1,548 $2,160 $2,628
23452 $1,323 $1,332 $1,548 $2,160 $2,628
23453 $1,323 $1,332 $1,548 $2,160 $2,628
23454 $1,260 $1,269 $1,476 $2,052 $2,502
23455 $1,386 $1,395 $1,620 $2,259 $2,745
23456 $1,674 $1,683 $1,953 $2,718 $3,312
23457 $1,413 $1,422 $1,656 $2,304 $2,808
23459 $1,674 $1,683 $1,953 $2,718 $3,312
23460 $1,260 $1,269 $1,476 $2,052 $2,502
23461 $1,260 $1,269 $1,476 $2,052 $2,502
23463 $1,314 $1,314 $1,530 $2,133 $2,592
23466 $1,314 $1,314 $1,530 $2,133 $2,592
23467 $1,314 $1,314 $1,530 $2,133 $2,592
23471 $1,314 $1,314 $1,530 $2,133 $2,592
23479 $1,314 $1,314 $1,530 $2,133 $2,592
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23450 $1,606 $1,606 $1,870 $2,607 $3,168
23451 $1,617 $1,628 $1,892 $2,640 $3,212
23452 $1,617 $1,628 $1,892 $2,640 $3,212
23453 $1,617 $1,628 $1,892 $2,640 $3,212
23454 $1,540 $1,551 $1,804 $2,508 $3,058
23455 $1,694 $1,705 $1,980 $2,761 $3,355
23456 $2,046 $2,057 $2,387 $3,322 $4,048
23457 $1,727 $1,738 $2,024 $2,816 $3,432
23459 $2,046 $2,057 $2,387 $3,322 $4,048
23460 $1,540 $1,551 $1,804 $2,508 $3,058
23461 $1,540 $1,551 $1,804 $2,508 $3,058
23463 $1,606 $1,606 $1,870 $2,607 $3,168
23466 $1,606 $1,606 $1,870 $2,607 $3,168
23467 $1,606 $1,606 $1,870 $2,607 $3,168
23471 $1,606 $1,606 $1,870 $2,607 $3,168
23479 $1,606 $1,606 $1,870 $2,607 $3,168

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

These Fair Market Rents also apply to the following ZIP code in Virginia Beach city, Virginia: 23454, 23452, 23456, 23455, 23451, 23453, 23457, 23459, 23450, 23471, 23460, 23466, 23467, 23461, 23463, and 23479.

Virginia Beach 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, Norfolk city, VA, Poquoson city, VA, Portsmouth city, VA, Suffolk city, VA, and Williamsburg city, VA.

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