Average Rent in Virginia Beach-Norfolk-Newport News, NC
The Fair Market Rent for a 2-bedroom in Virginia Beach-Norfolk-Newport News, NC is $1,713 per month, based on HUD data. With a median household income of $80,533, a household would spend 25.5% of income on housing at Fair Market Rent. Rent has increased 14.7% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,492 |
| 1 Bedroom | $1,512 |
| 2 Bedroom | $1,713 |
| 3 Bedroom | $2,376 |
| 4 Bedroom | $2,797 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $80,533 |
| Rent Burden (2BR FMR / Income) | 25.5% |
| Income Needed for 2BR (30% rule) | $68,520/yr |