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RentData.org Logo Terry County Fair Market Rent FY 2023 Terry County, TX Rental Data

Fair Market Rent Prices in Terry County, TX :
$628 $633 $833 $1,115 $1,119
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 Terry County are low compared to the national average. This FMR area is less expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Terry County is $833 per month.

The previous year, rent for a two-bedroom home was $774 per month. This is a 7.62% increase year-over-year.

This FMR rate applies to Tokio, TX, Wellman, TX, Plains, TX, Brownfield, TX and other cities within the region. The Metro Code or CBSA code for this region is NCNTY48445N48445.

Additionally, This Fair Market Rent (FMR) area Terry County, TX spans one county or city in Texas which is listed in the table below. Estimated population of Terry County, TX FMR area is 12,408 people based on latest Census data.

Compared to the rest of Texas, the Terry County FMR area is less expensive than 96% 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 Terry County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Terry 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 $ 661
1-BR 1-Bedroom $ 666
2-BR 2-Bedroom $ 877
3-BR 3-Bedroom $ 1174
4-BR 4-Bedroom $ 1178
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 Terry County, TX FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lubbock.

County / Region Est. Population
Terry County, TX 12,408
Zip Codes in Terry County, TX

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

79316, 79355, 79376 and 79378

Lookup Fair Market Rent by Zip Code

What's Next?

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