Logo Boone County Fair Market Rent FY 2014 Boone County, NE Rental Data

Fair Market Rent Prices in Boone County, NE :
$396 $495 $587 $731 $784
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 Boone County are very low compared to the national average. This FMR area is less expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Boone County is $587 per month.

The previous year, rent for a two-bedroom home was $622 per month. This is a 5.63% decrease year-over-year.

This FMR rate applies to Primrose, NE, Cedar Rapids, NE, Saint Edward, NE, Newman Grove, NE, Albion, NE and other cities within the region. The Metro Code or CBSA code for this region is NCNTY31011N31011.

Additionally, This Fair Market Rent (FMR) area Boone County, NE spans one county or city in Nebraska which is listed in the table below. Estimated population of Boone County, NE FMR area is 5,505 people based on latest Census data.

Compared to the rest of Nebraska, the Boone County FMR area is less expensive than 72% 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 Boone County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Boone 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 $ 396
1-BR 1-Bedroom $ 495
2-BR 2-Bedroom $ 587
3-BR 3-Bedroom $ 731
4-BR 4-Bedroom $ 784
Change Year:

There is just one county (listed below) within the Boone County, NE FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Lincoln & Hstngs - Krny and Sioux City.

County / Region Est. Population
Boone County, NE 5,505
Zip Codes in Boone County, NE

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

68620, 68627, 68655, 68660 and 68758

Lookup Fair Market Rent by Zip Code