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RentData.org Logo Fayette County Fair Market Rent FY 2014 Fayette County, IN Rental Data

Fair Market Rent Prices in Fayette County, IN :
$446 $481 $644 $825 $861
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Fayette County are very low compared to the national average. This FMR area is less expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Fayette County is $644 per month.

The previous year, rent for a two-bedroom home was $625 per month. This is a 3.04% increase year-over-year.

This FMR rate applies to Falmouth, IN, Bentonville, IN, Brownsville, IN, Glenwood, IN, Lewisville, IN, Milton, IN, Laurel, IN, Cambridge City, IN, Connersville, IN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY18041N18041.

Additionally, This Fair Market Rent (FMR) area Fayette County, IN spans one county or city in Indiana which is listed in the table below. Estimated population of Fayette County, IN FMR area is 24,277 people based on latest Census data.

Compared to the rest of Indiana, the Fayette County FMR area is less expensive than 82% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Fayette County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Fayette County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 463
1-BR 1-Bedroom $ 500
2-BR 2-Bedroom $ 670
3-BR 3-Bedroom $ 858
4-BR 4-Bedroom $ 895
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Fayette County, IN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Indianapolis, Cincinnati and Dayton.

County / Region Est. Population
Fayette County, IN 24,277
Zip Codes in Fayette County, IN

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

46127, 46133, 47024, 47322, 47325, 47327, 47331, 47352 and 47357

Lookup Fair Market Rent by Zip Code

What's Next?

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