Sunday, April 18, 2010

Fair Market Rents for Roanoke

What are "fair market rents?"

Each year, the federal government looks at the rents being charged for privately owned apartments in different communities, and the costs of utilities (heat, electricity, etc.) in those communities. The "fair market rents" are an estimate of the average gross rents (rents plus utilities) for medium-quality apartments of different sizes in a particular community.

Roanoke VA   ( 0 BR $509 )  ( 1BR $542 )  ( 2BR $700 ) ( 3BR  $888 ) ( 4BR $970 ) for Botetourt, Craig, Roanoke, Roanoke City, Salem City

For 2010 fair market rents in other areas, click here                


Daniel Rich on April 19, 2010 at 1:29 PM said...

I've gotten this information before for Roanoke, Va. from Sec. 8. But looking at the fair market rents in other areas really opened my eyes. Roanoke, Va. appears to be average to low for market rents across the nation. Look at the rents in NOVA and Southeastern Va. I know property in NOVA is going to be high - but property prices in Southeastern Va. are going to be similar to what we have in Roanoke. Maybe property down there is a better investment?

Real Estate Investors of Roanoke™ on April 19, 2010 at 2:52 PM said...

Roanoke is pretty darned good for real estate investment and hard to beat. I've lived in many places just like up where you are where it's real difficult to even make a place cash flow.

Real Estate Investors of Roanoke™ on April 19, 2010 at 2:58 PM said...

A couple other places to determine rents which seem to run a little high are:

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