Henrico County, VA

2025 Fair Market Rents

Tags: 2025 Richmond, VA MSA

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 Henrico County are Richmond, Glen Allen, Henrico, and Sandston. 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 Henrico County use?

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

Henrico County ($1,711) has a 27.2% higher FMR for 2-Bedroom housing than the average of Virginia ($1,345) and therefore a higher gross rent.

Henrico County is rank 20th out of 133 counties. This means the FMRs, or in other words, the gross rent is higher than 113 other counties. Henrico County is the 20th most expensive county in terms of FMRs.

Rent Tables Henrico County, VA

Fair Market Rent (40th Percentile)

$1,488
studio
$1,545
1-Bedroom
$1,711
2-Bedroom
$2,166
3-Bedroom
$2,677
4-Bedroom

Median Rent (50th Percentile)

$1,616
studio
$1,679
1-Bedroom
$1,859
2-Bedroom
$2,354
3-Bedroom
$2,909
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
23058 $1,540 $1,600 $1,770 $2,240 $2,770
23060 $1,660 $1,730 $1,910 $2,420 $2,990
23075 $1,380 $1,440 $1,590 $2,010 $2,490
23150 $1,360 $1,410 $1,560 $1,980 $2,440
23222 $1,240 $1,290 $1,430 $1,810 $2,240
23223 $1,360 $1,410 $1,560 $1,980 $2,440
23226 $1,950 $2,020 $2,240 $2,840 $3,510
23227 $1,360 $1,410 $1,560 $1,980 $2,440
23228 $1,580 $1,640 $1,820 $2,300 $2,850
23229 $1,460 $1,520 $1,680 $2,130 $2,630
23230 $1,600 $1,660 $1,840 $2,330 $2,880
23242 $1,540 $1,600 $1,770 $2,240 $2,770
23250 $1,540 $1,600 $1,770 $2,240 $2,770
23255 $1,540 $1,600 $1,770 $2,240 $2,770
23294 $1,720 $1,790 $1,980 $2,510 $3,100
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23058 $1,386 $1,440 $1,593 $2,016 $2,493
23060 $1,494 $1,557 $1,719 $2,178 $2,691
23075 $1,242 $1,296 $1,431 $1,809 $2,241
23150 $1,224 $1,269 $1,404 $1,782 $2,196
23222 $1,116 $1,161 $1,287 $1,629 $2,016
23223 $1,224 $1,269 $1,404 $1,782 $2,196
23226 $1,755 $1,818 $2,016 $2,556 $3,159
23227 $1,224 $1,269 $1,404 $1,782 $2,196
23228 $1,422 $1,476 $1,638 $2,070 $2,565
23229 $1,314 $1,368 $1,512 $1,917 $2,367
23230 $1,440 $1,494 $1,656 $2,097 $2,592
23242 $1,386 $1,440 $1,593 $2,016 $2,493
23250 $1,386 $1,440 $1,593 $2,016 $2,493
23255 $1,386 $1,440 $1,593 $2,016 $2,493
23294 $1,548 $1,611 $1,782 $2,259 $2,790
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
23058 $1,694 $1,760 $1,947 $2,464 $3,047
23060 $1,826 $1,903 $2,101 $2,662 $3,289
23075 $1,518 $1,584 $1,749 $2,211 $2,739
23150 $1,496 $1,551 $1,716 $2,178 $2,684
23222 $1,364 $1,419 $1,573 $1,991 $2,464
23223 $1,496 $1,551 $1,716 $2,178 $2,684
23226 $2,145 $2,222 $2,464 $3,124 $3,861
23227 $1,496 $1,551 $1,716 $2,178 $2,684
23228 $1,738 $1,804 $2,002 $2,530 $3,135
23229 $1,606 $1,672 $1,848 $2,343 $2,893
23230 $1,760 $1,826 $2,024 $2,563 $3,168
23242 $1,694 $1,760 $1,947 $2,464 $3,047
23250 $1,694 $1,760 $1,947 $2,464 $3,047
23255 $1,694 $1,760 $1,947 $2,464 $3,047
23294 $1,892 $1,969 $2,178 $2,761 $3,410

Fair Market Rents on this page apply to the following cities in Henrico County, Virginia: Richmond, Glen Allen, Henrico, and Sandston.

These Fair Market Rents also apply to the following ZIP codes in Henrico County, Virginia: 23223, 23060, 23229, 23228, 23227, 23222, 23226, 23294, 23150, 23075, 23230, 23058, 23255, 23242, 23250, and 23273.

Henrico County, VA is considered part of the following metro FMR area: RICHMOND, VA MSA.

Other counties in the same metro FMR area are: Amelia County, VA, Charles City County, VA, Chesterfield County, VA, Dinwiddie County, VA, Goochland County, VA, Hanover County, VA, King William County, VA, New Kent County, VA, Powhatan County, VA, Prince George County, VA, Sussex County, VA, Colonial Heights city, VA, Hopewell city, VA, Petersburg city, VA, and Richmond city, VA.

More on Henrico County, VA

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