Virginia Beach-Norfolk-Newport News Fair Market Rent 2026
HUD Fair Market Rent data for the Virginia Beach-Norfolk-Newport News metropolitan area. Median household income: $57,948/year. Vacancy rate: 4.3%.
2BR FMR
$994/mo
Median Income
$57,948
Vacancy Rate
4.3%
Rent Burden
20.6%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $57,948/year can afford up to $1,449/mo in rent.
The 2BR FMR of $994/mo represents 20.6% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 4.3% in Virginia Beach-Norfolk-Newport News indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in Virginia Beach-Norfolk-Newport News?
The 2026 HUD FMR for a 2-bedroom in the Virginia Beach-Norfolk-Newport News metro area is $994/month. 1BR: $824, 3BR: $1,234.
What is the vacancy rate in Virginia Beach-Norfolk-Newport News?
The rental vacancy rate in Virginia Beach-Norfolk-Newport News is 4.3%. A rate below 5% typically indicates a tight rental market.
Is Virginia Beach-Norfolk-Newport News affordable for renters?
With a median income of $57,948 and 2BR rent at $994/mo, rent takes about 21% of income in Virginia Beach-Norfolk-Newport News.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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