Virginia Beach-Norfolk-Newport News vs Wilmington
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Virginia Beach-Norfolk-Newport News is 3% cheaper for renters. A 2-bedroom rents for $994/mo vs $1,024/mo in Wilmington — saving $360/year.
Rent by Unit Size
| Unit Size | Virginia Beach-Norfolk-Newport News | Wilmington | Difference |
|---|---|---|---|
| Studio | $659 | $656 | $3 |
| 1 Bedroom | $824 | $838 | $14 |
| 2 Bedrooms | $994 | $1,024 | $30 |
| 3 Bedrooms | $1,234 | $1,314 | $80 |
| 4 Bedrooms | $1,448 | $1,459 | $11 |
| Median Income | $57,948 | $52,995 | $4,953 |
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
Wilmington
- Studio
- $656/mo
- 1 BR
- $838/mo
- 2 BR
- $1,024/mo
- 3 BR
- $1,314/mo
- 4 BR
- $1,459/mo
- Median Income
- $52,995/yr
Frequently Asked Questions
Is Virginia Beach-Norfolk-Newport News or Wilmington cheaper to rent in?
Virginia Beach-Norfolk-Newport News is cheaper — a 2-bedroom Fair Market Rent is $994/mo vs $1,024/mo in Wilmington. That's $30/mo or $360/year more expensive in Wilmington (3% higher).
What is the 2-bedroom rent in Virginia Beach-Norfolk-Newport News vs Wilmington?
The HUD Fair Market Rent for a 2-bedroom in Virginia Beach-Norfolk-Newport News is $994/month. In Wilmington, a 2-bedroom FMR is $1,024/month.
How do incomes compare between Virginia Beach-Norfolk-Newport News and Wilmington?
The median household income in Virginia Beach-Norfolk-Newport News is $57,948/year. In Wilmington it is $52,995/year. Virginia Beach-Norfolk-Newport News has the higher median income.
What is the studio rent in Virginia Beach-Norfolk-Newport News vs Wilmington?
A studio apartment Fair Market Rent in Virginia Beach-Norfolk-Newport News is $659/mo. In Wilmington it is $656/mo.