Alleghany County, VA

2025 Fair Market Rents

Tags: 2025 Virginia

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The top four largest cities in Alleghany County are Covington, Clifton Forge, New Castle, and Hot Springs. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Alleghany County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Alleghany County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Alleghany County compare?

Alleghany County ($851) has a 36.7% lower FMR for 2-Bedroom housing than the average of Virginia ($1,345) and therefore has a lower gross rent.

Alleghany County is rank 109th out of 133 counties. This means the FMRs, or in other words, the gross rent is lower than 108 other counties. Alleghany County is the 25th cheapest county in terms of FMRs.

Rent Tables Alleghany County, VA

Fair Market Rent (40th Percentile)

$736
studio
$738
1-Bedroom
$851
2-Bedroom
$1,192
3-Bedroom
$1,281
4-Bedroom

Median Rent (50th Percentile)

$773
studio
$776
1-Bedroom
$894
2-Bedroom
$1,253
3-Bedroom
$1,346
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24127 $730 $810 $980 $1,370 $1,590
24422 $740 $810 $980 $1,370 $1,590
24426 $740 $810 $980 $1,370 $1,590
24422 $740 $810 $980 $1,370 $1,590
24426 $740 $810 $980 $1,370 $1,590
24445 $690 $700 $850 $1,120 $1,320
24448 $960 $960 $1,110 $1,560 $1,670
24457 $740 $740 $850 $1,190 $1,280
24474 $740 $740 $850 $1,190 $1,280
24422 $740 $810 $980 $1,370 $1,590
24445 $690 $700 $850 $1,120 $1,320
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24127 $657 $729 $882 $1,233 $1,431
24422 $666 $729 $882 $1,233 $1,431
24426 $666 $729 $882 $1,233 $1,431
24422 $666 $729 $882 $1,233 $1,431
24426 $666 $729 $882 $1,233 $1,431
24445 $621 $630 $765 $1,008 $1,188
24448 $864 $864 $999 $1,404 $1,503
24457 $666 $666 $765 $1,071 $1,152
24474 $666 $666 $765 $1,071 $1,152
24422 $666 $729 $882 $1,233 $1,431
24445 $621 $630 $765 $1,008 $1,188
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
24127 $803 $891 $1,078 $1,507 $1,749
24422 $814 $891 $1,078 $1,507 $1,749
24426 $814 $891 $1,078 $1,507 $1,749
24422 $814 $891 $1,078 $1,507 $1,749
24426 $814 $891 $1,078 $1,507 $1,749
24445 $759 $770 $935 $1,232 $1,452
24448 $1,056 $1,056 $1,221 $1,716 $1,837
24457 $814 $814 $935 $1,309 $1,408
24474 $814 $814 $935 $1,309 $1,408
24422 $814 $891 $1,078 $1,507 $1,749
24445 $759 $770 $935 $1,232 $1,452

Fair Market Rents on this page apply to the following cities in Alleghany County, Virginia: Covington, Clifton Forge, New Castle, Hot Springs, Iron Gate, Low Moor, and Selma.

These Fair Market Rents also apply to the following ZIP codes in Alleghany County, Virginia: 24426, 24422, 24127, 24445, 24448, 24457, and 24474.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.