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RentData.org Logo Somervell County Fair Market Rent FY 2018 Somervell County, TX HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Somervell County, TX :
$478 $567 $697 $1,014 $1,206
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 Somervell County are average compared to the national average. This FMR area is more expensive than 62% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Somervell County is $697 per month.

The previous year, rent for a two-bedroom home was $681 per month. This is a 2.35% increase year-over-year.

This FMR rate applies to Rainbow, TX and other cities within the region. The Metro Code or CBSA code for this region is METRO19100N48425.

Additionally, This Fair Market Rent (FMR) area Somervell County, TX HUD Metro FMR Area spans one county or city in Texas which is listed in the table below. Estimated population of Somervell County, TX HUD Metro FMR Area FMR area is 8,490 people based on latest Census data.

Compared to the rest of Texas, the Somervell County FMR area is less expensive than 54% 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 Somervell County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Somervell 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 $ 493
1-BR 1-Bedroom $ 584
2-BR 2-Bedroom $ 719
3-BR 3-Bedroom $ 1046
4-BR 4-Bedroom $ 1244
Change Year:
2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Somervell County, TX HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Dallas - Ft. Worth.

County / Region Est. Population
Somervell County, TX Metro 8,490
Zip Codes in Somervell County, TX HUD Metro FMR Area

There is 1 unique zip code in this Fair Market Rent (FMR) area:

76077

Lookup Fair Market Rent by Zip Code

What's Next?

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