Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Boone County Fair Market Rent FY 2020 Boone County, WV HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Boone County, WV :
$439 $572 $674 $882 $913
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 Boone County are very low compared to the national average. This FMR area is less expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Boone County is $674 per month.

The previous year, rent for a two-bedroom home was $646 per month. This is a 4.33% increase year-over-year.

This FMR rate applies to Ottawa, WV, Bim, WV, Bloomingrose, WV, Bob White, WV, Costa, WV, Nellis, WV, Orgas, WV, Gordon, WV, Ridgeview, WV, Jeffrey, WV and other cities within the region. The Metro Code or CBSA code for this region is METRO16620N54005.

Additionally, This Fair Market Rent (FMR) area Boone County, WV HUD Metro FMR Area spans one county or city in West Virginia which is listed in the table below. Estimated population of Boone County, WV HUD Metro FMR Area FMR area is 23,235 people based on latest Census data.

Compared to the rest of West Virginia, the Boone County FMR area is less expensive than 94% 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 $ 457
1-BR 1-Bedroom $ 596
2-BR 2-Bedroom $ 702
3-BR 3-Bedroom $ 919
4-BR 4-Bedroom $ 951
Change Year:

There is just one county (listed below) within the Boone County, WV HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Charleston - Huntington.

County / Region Est. Population
Boone County, WV Metro 23,235
Zip Codes in Boone County, WV HUD Metro FMR Area

There are 28 unique zip codes in this Fair Market Rent (FMR) area:

25009, 25021, 25024, 25028, 25049, 25051, 25053, 25081, 25093, 25108, 25114, 25130, 25142, 25148, 25149, 25154, 25165, 25169, 25181, 25193, 25203, 25204, 25205, 25206, 25208, 25209, 25508 and 25529

Lookup Fair Market Rent by Zip Code
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