Chesapeake city, VA

2025 Fair Market Rents

Tags: 2025 Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area

Return to the state page to see where Virginia ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Chesapeake city are Virginia Beach, Chesapeake, Suffolk, and Portsmouth. 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 Chesapeake city use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Chesapeake city 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 Chesapeake city compare?

Chesapeake city ($1,696) has a 26.1% higher FMR for 2-Bedroom housing than the average of Virginia ($1,345) and therefore a higher gross rent.

Chesapeake city is rank 36th out of 133 counties. This means the FMRs, or in other words, the gross rent is higher than 97 other counties. Chesapeake city is the 36th most expensive county in terms of FMRs.

Rent Tables Chesapeake city, VA

Fair Market Rent (40th Percentile)

$1,475
studio
$1,483
1-Bedroom
$1,696
2-Bedroom
$2,361
3-Bedroom
$2,809
4-Bedroom

Median Rent (50th Percentile)

$1,585
studio
$1,594
1-Bedroom
$1,823
2-Bedroom
$2,538
3-Bedroom
$3,019
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
23320 $1,800 $1,810 $2,070 $2,880 $3,430
23321 $1,500 $1,510 $1,730 $2,410 $2,870
23322 $1,980 $1,990 $2,280 $3,170 $3,780
23323 $1,770 $1,780 $2,030 $2,830 $3,360
23324 $1,240 $1,250 $1,430 $1,990 $2,370
23325 $1,530 $1,540 $1,760 $2,450 $2,910
23326 $1,590 $1,600 $1,830 $2,550 $3,030
23327 $1,590 $1,600 $1,830 $2,550 $3,030
23328 $1,590 $1,600 $1,830 $2,550 $3,030
23435 $1,900 $1,910 $2,180 $3,030 $3,610
23464 $1,660 $1,670 $1,910 $2,660 $3,160
23702 $1,260 $1,270 $1,450 $2,020 $2,400
23703 $1,430 $1,430 $1,640 $2,280 $2,720
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23320 $1,620 $1,629 $1,863 $2,592 $3,087
23321 $1,350 $1,359 $1,557 $2,169 $2,583
23322 $1,782 $1,791 $2,052 $2,853 $3,402
23323 $1,593 $1,602 $1,827 $2,547 $3,024
23324 $1,116 $1,125 $1,287 $1,791 $2,133
23325 $1,377 $1,386 $1,584 $2,205 $2,619
23326 $1,431 $1,440 $1,647 $2,295 $2,727
23327 $1,431 $1,440 $1,647 $2,295 $2,727
23328 $1,431 $1,440 $1,647 $2,295 $2,727
23435 $1,710 $1,719 $1,962 $2,727 $3,249
23464 $1,494 $1,503 $1,719 $2,394 $2,844
23702 $1,134 $1,143 $1,305 $1,818 $2,160
23703 $1,287 $1,287 $1,476 $2,052 $2,448
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23320 $1,980 $1,991 $2,277 $3,168 $3,773
23321 $1,650 $1,661 $1,903 $2,651 $3,157
23322 $2,178 $2,189 $2,508 $3,487 $4,158
23323 $1,947 $1,958 $2,233 $3,113 $3,696
23324 $1,364 $1,375 $1,573 $2,189 $2,607
23325 $1,683 $1,694 $1,936 $2,695 $3,201
23326 $1,749 $1,760 $2,013 $2,805 $3,333
23327 $1,749 $1,760 $2,013 $2,805 $3,333
23328 $1,749 $1,760 $2,013 $2,805 $3,333
23435 $2,090 $2,101 $2,398 $3,333 $3,971
23464 $1,826 $1,837 $2,101 $2,926 $3,476
23702 $1,386 $1,397 $1,595 $2,222 $2,640
23703 $1,573 $1,573 $1,804 $2,508 $2,992

Fair Market Rents on this page apply to the following cities in Chesapeake city, Virginia: Virginia Beach, Chesapeake, Suffolk, and Portsmouth.

These Fair Market Rents also apply to the following ZIP codes in Chesapeake city, Virginia: 23464, 23322, 23320, 23323, 23321, 23435, 23703, 23324, 23325, 23702, 23327, 23328, and 23326.

Chesapeake city, VA is considered part of the following metro FMR area: VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Gloucester County, VA, Isle of Wight County, VA, James City County, VA, Mathews County, VA, York County, VA, Hampton city, VA, Newport News city, VA, Norfolk city, VA, Poquoson city, VA, Portsmouth city, VA, Suffolk city, VA, Virginia Beach city, VA, and Williamsburg city, VA.

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