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RentData.org Logo Kokomo Fair Market Rent FY 2010 Kokomo, IN MSA Rental Data

Fair Market Rent Prices in Kokomo, IN :
$542 $548 $696 $887 $913
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Kokomo are high compared to the national average. This FMR area is more expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Kokomo is $696 per month.

The previous year, rent for a two-bedroom home was $687 per month. This is a 1.31% increase year-over-year.

This FMR rate applies to Hemlock, IN, Oakford, IN, West Middleton, IN, Windfall, IN, Sharpsville, IN, Greentown, IN, Kokomo, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO29020M29020.

Additionally, This Fair Market Rent (FMR) area Kokomo, IN MSA spans one county or city in Indiana which is listed in the table below. Estimated population of Kokomo, IN MSA FMR area is 84,964 people based on latest Census data.

Compared to the rest of Indiana, the Kokomo FMR area is more expensive than 81% 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 Kokomo. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Kokomo

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 $ 550
1-BR 1-Bedroom $ 578
2-BR 2-Bedroom $ 729
3-BR 3-Bedroom $ 924
4-BR 4-Bedroom $ 951
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 Kokomo, IN MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Indianapolis.

County / Region Est. Population
Kokomo, IN Metro 84,964
Zip Codes in Kokomo, IN MSA

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

46068, 46076, 46901, 46902, 46903, 46904, 46936, 46937, 46965 and 46995

Lookup Fair Market Rent by Zip Code

What's Next?

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