Virginia Beach-Norfolk-Newport News vs Waco
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Waco is 29% cheaper for renters. A 2-bedroom rents for $770/mo vs $994/mo in Virginia Beach-Norfolk-Newport News — saving $2,688/year.
Rent by Unit Size
| Unit Size | Virginia Beach-Norfolk-Newport News | Waco | Difference |
|---|---|---|---|
| Studio | $659 | $530 | $129 |
| 1 Bedroom | $824 | $629 | $195 |
| 2 Bedrooms | $994 | $770 | $224 |
| 3 Bedrooms | $1,234 | $988 | $246 |
| 4 Bedrooms | $1,448 | $1,119 | $329 |
| Median Income | $57,948 | $40,886 | $17,062 |
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
Waco
- Studio
- $530/mo
- 1 BR
- $629/mo
- 2 BR
- $770/mo
- 3 BR
- $988/mo
- 4 BR
- $1,119/mo
- Median Income
- $40,886/yr
Frequently Asked Questions
Is Virginia Beach-Norfolk-Newport News or Waco cheaper to rent in?
Waco is cheaper — a 2-bedroom Fair Market Rent is $770/mo vs $994/mo in Virginia Beach-Norfolk-Newport News. That's $224/mo or $2,688/year more expensive in Virginia Beach-Norfolk-Newport News (29% higher).
What is the 2-bedroom rent in Virginia Beach-Norfolk-Newport News vs Waco?
The HUD Fair Market Rent for a 2-bedroom in Virginia Beach-Norfolk-Newport News is $994/month. In Waco, a 2-bedroom FMR is $770/month.
How do incomes compare between Virginia Beach-Norfolk-Newport News and Waco?
The median household income in Virginia Beach-Norfolk-Newport News is $57,948/year. In Waco it is $40,886/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Virginia Beach-Norfolk-Newport News vs Waco?
A studio apartment Fair Market Rent in Virginia Beach-Norfolk-Newport News is $659/mo. In Waco it is $530/mo.