Concord vs Virginia Beach-Norfolk-Newport News
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Virginia Beach-Norfolk-Newport News is 9% cheaper for renters. A 2-bedroom rents for $994/mo vs $1,088/mo in Concord — saving $1,128/year.
Rent by Unit Size
| Unit Size | Concord | Virginia Beach-Norfolk-Newport News | Difference |
|---|---|---|---|
| Studio | $755 | $659 | $96 |
| 1 Bedroom | $912 | $824 | $88 |
| 2 Bedrooms | $1,088 | $994 | $94 |
| 3 Bedrooms | $1,418 | $1,234 | $184 |
| 4 Bedrooms | $1,586 | $1,448 | $138 |
| Median Income | $53,649 | $57,948 | $4,299 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/yr
Virginia Beach-Norfolk-Newport News
- Studio
- $659/mo
- 1 BR
- $824/mo
- 2 BR
- $994/mo
- 3 BR
- $1,234/mo
- 4 BR
- $1,448/mo
- Median Income
- $57,948/yr
Frequently Asked Questions
Is Concord or Virginia Beach-Norfolk-Newport News cheaper to rent in?
Virginia Beach-Norfolk-Newport News is cheaper — a 2-bedroom Fair Market Rent is $994/mo vs $1,088/mo in Concord. That's $94/mo or $1,128/year more expensive in Concord (9% higher).
What is the 2-bedroom rent in Concord vs Virginia Beach-Norfolk-Newport News?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Virginia Beach-Norfolk-Newport News, a 2-bedroom FMR is $994/month.
How do incomes compare between Concord and Virginia Beach-Norfolk-Newport News?
The median household income in Concord is $53,649/year. In Virginia Beach-Norfolk-Newport News it is $57,948/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Concord vs Virginia Beach-Norfolk-Newport News?
A studio apartment Fair Market Rent in Concord is $755/mo. In Virginia Beach-Norfolk-Newport News it is $659/mo.