Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Auburn-Opelika Fair Market Rent FY 2013 Auburn-Opelika, AL MSA Rental Data

Fair Market Rent Prices in Auburn-Opelika, AL :
$487 $490 $663 $913 $1,120
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 Auburn-Opelika are average compared to the national average. This FMR area is more expensive than 71% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Auburn-Opelika is $663 per month.

The previous year, rent for a two-bedroom home was $697 per month. This is a 4.88% decrease year-over-year.

This FMR rate applies to Auburn University, AL, Loachapoka, AL, Notasulga, AL, Salem, AL, Smiths Station, AL, Auburn, AL, Opelika, AL, Phenix City, AL and other cities within the region. The Metro Code or CBSA code for this region is METRO12220M12220.

Additionally, This Fair Market Rent (FMR) area Auburn-Opelika, AL MSA spans one county or city in Alabama which is listed in the table below. Estimated population of Auburn-Opelika, AL MSA FMR area is 140,247 people based on latest Census data.

Compared to the rest of Alabama, the Auburn-Opelika FMR area is more expensive than 85% 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 Auburn-Opelika. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Auburn-Opelika

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 $ 515
1-BR 1-Bedroom $ 519
2-BR 2-Bedroom $ 702
3-BR 3-Bedroom $ 967
4-BR 4-Bedroom $ 1186
Change Year:

There is just one county (listed below) within the Auburn-Opelika, AL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Columbus, Ga and Montgomery (Selma).

County / Region Est. Population
Lee County, AL Metro 140,247
Zip Codes in Auburn-Opelika, AL MSA

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

36803, 36804, 36831, 36832, 36849, 36865, 36866, 36867, 36870, 36874 and 36877

Lookup Fair Market Rent by Zip Code
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