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

Fair Market Rent Prices in Benton County, MS :
$501 $576 $661 $954 $1,041
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Benton County are low compared to the national average. This FMR area is less expensive than 60% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Benton County is $661 per month.

The previous year, rent for a two-bedroom home was $681 per month. This is a 2.94% decrease year-over-year.

This FMR rate applies to Michigan City, MS, Hickory Flat, MS, Ashland, MS and other cities within the region. The Metro Code or CBSA code for this region is METRO32820N28009.

Additionally, This Fair Market Rent (FMR) area Benton County, MS HUD Metro FMR Area spans one county or city in Mississippi which is listed in the table below. Estimated population of Benton County, MS HUD Metro FMR Area FMR area is 8,729 people based on 2010 Census data.

Compared to the rest of Mississippi, the Benton County FMR area is more expensive than 71% 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 Benton County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Benton 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 $ 501
1-BR 1-Bedroom $ 576
2-BR 2-Bedroom $ 661
3-BR 3-Bedroom $ 954
4-BR 4-Bedroom $ 1041
Change Year:

There is just one county (listed below) within the Benton County, MS HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Memphis.

County / Region Est. Population
Benton County, MS Metro 8,729
Zip Codes in Benton County, MS HUD Metro FMR Area

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

38603, 38633 and 38647

Lookup Fair Market Rent by Zip Code
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