What is the Fair Market Rent in Chesapeake, VA?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,420 to $2,120 a month across the 6 ZIP codes that cover Chesapeake.

By ZIP code: 23320 $2,100, 23322 $2,120, 23323 $1,930, 23324 $1,420, 23325 $1,660, 23321 $1,700.

Across the whole Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area the two-bedroom figure is $1,667.

The Census Bureau’s median gross rent for a two-bedroom home in Chesapeake is $1,489 (±$65), below the Small Area figure for ZIP 23320.

Figures last updated on .

2 bedrooms, whole area
$1,667
2 bedrooms, ZIP 23320
$2,100
2 bedrooms, ZIP 23322
$2,120
2 bedrooms, ZIP 23323
$1,930

Fair Market Rents for Chesapeake, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area (whole area)$1,470$1,488$1,667$2,298$2,710—
ZIP 23320$1,850$1,870$2,100$2,890$3,410$1,716
ZIP 23322$1,870$1,890$2,120$2,920$3,450$1,835
ZIP 23323$1,700$1,720$1,930$2,660$3,140$1,682
ZIP 23324$1,250$1,270$1,420$1,960$2,310$1,158
ZIP 23325$1,460$1,480$1,660$2,290$2,700$1,465
ZIP 23321$1,500$1,520$1,700$2,340$2,760$1,586

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Chesapeake

What is the Section 8 payment standard in Chesapeake?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area is $1,667, and the Small Area figure for 23320 is $2,100.

What is the Fair Market Rent for a two-bedroom in ZIP 23320?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23320 is $2,100 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,716 (±$55).

What is the Fair Market Rent for a two-bedroom in ZIP 23322?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23322 is $2,120 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,835 (±$115).

What is the Fair Market Rent for a two-bedroom in ZIP 23323?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 23323 is $1,930 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,682 (±$136).

What is the Fair Market Rent for a one-bedroom in Chesapeake?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 23320 is $1,870 a month, against $1,488 across the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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