THE BUSINESS OF REAL ESTATE

VA landlord resources

Rocky Mount rental market

Rental-market planning in Rocky Mount, Virginia, with state-law references and operating examples.

Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.

The local rental snapshot

Supplied Zillow Observed Rent Index, 2026-09-30. ZORI describes typical asking rent in its sample, not the rent or income of your property.

Typical monthly rent
$949
Metro
Roanoke, VA
County in dataset
Franklin County

The comparison figure is $2,049. It is the median of the supplied city ZORI figures within Virginia, not a statewide household-rent statistic. This location is 53.7% below that comparison.

Operating examples at this rent

Annual gross, 12 paid months
$11,388
One vacant week, annualized
$219
Example 3× income threshold
$2,847

These are calculations, not forecasts or client results. Gross rent excludes vacancy, repairs, taxes, insurance, financing and management. The income threshold is an illustrative policy, not a legal requirement or recommendation. Review local screening restrictions and fair housing obligations before using it.

Deposit limits and notice periods below come from the Virginia dataset, not independent Rocky Mount ordinances. A rental in this market may be subject to additional municipal rules or exceptions. Confirm the exact address and applicable jurisdiction with the relevant office.

Calvin Cannon Jr. at his desk with a Philadelphia board behind him
Calvin Cannon Jr., The Business of Real Estate. Coaching photograph, not a property in Rocky Mount.

Virginia: Security deposits

Deposit may not exceed two months' periodic rent (Va. Code § 55.1-1226(A)).

No interest required; Virginia's former interest requirement was repealed.

The uploaded dataset lists a deposit-return period of 45 days. Review the cited rule for the applicable conditions and timing.

Virginia: Notices and tenancy endings

14-day written pay-or-quit notice before termination for nonpayment (Va. Code § 55.1-1245(F); increased from 5 days by a 2026 amendment).

Month-to-month terminable on at least 30 days' written notice; week-to-week is 7 days (Va. Code § 55.1-1253(A)).

Court listed in the supplied dataset: General District Court.

Virginia: Rent regulation

No statewide rent control and none in effect in any locality. Virginia is a Dillon's Rule state; no explicit preemption statute verified.

Virginia: Licensing and registration

No statewide landlord/rental license; some localities operate local rental inspection districts.

Virginia: Lease disclosures and receipts

Lead paint (federal)

Move-in inspection report / inventory (§ 55.1-1214)

Visible mold in move-in report (§ 55.1-1215)

Owner/managing agent identity & sale of premises (§ 55.1-1216)

Property adjacent to a military air installation (§ 55.1-1217)

Defective drywall, if known (§ 55.1-1218)

Sources supplied for Virginia

Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.

Offices listed in the dataset

Landlord education in Virginia