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RentData.org Logo Magoffin County Fair Market Rent FY 2023 Magoffin County, KY Rental Data

Fair Market Rent Prices in Magoffin County, KY :
$538 $657 $742 $979 $999
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 Magoffin County are very low compared to the national average. This FMR area is less expensive than 96% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Magoffin County is $742 per month.

The previous year, rent for a two-bedroom home was $674 per month. This is a 10.09% increase year-over-year.

This FMR rate applies to Falcon, KY, Royalton, KY, Gunlock, KY, Hazel Green, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21153N21153.

Additionally, This Fair Market Rent (FMR) area Magoffin County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Magoffin County, KY FMR area is 12,346 people based on latest Census data.

Compared to the rest of Kentucky, the Magoffin County FMR area is less expensive than 65% 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 Magoffin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Magoffin 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 $ 579
1-BR 1-Bedroom $ 707
2-BR 2-Bedroom $ 799
3-BR 3-Bedroom $ 1054
4-BR 4-Bedroom $ 1076
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 Magoffin County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lexington.

County / Region Est. Population
Magoffin County, KY 12,346
Zip Codes in Magoffin County, KY

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

41332, 41426, 41464 and 41632

Lookup Fair Market Rent by Zip Code

What's Next?

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