Logo Clay County Fair Market Rent FY 2014 Clay County, IL Rental Data

Fair Market Rent Prices in Clay County, IL :
$423 $537 $637 $793 $936
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 Clay County are low compared to the national average. This FMR area is less expensive than 67% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Clay County is $637 per month.

The previous year, rent for a two-bedroom home was $626 per month. This is a 1.76% increase year-over-year.

This FMR rate applies to Ingraham, IL, Sailor Springs, IL, Edgewood, IL, Mason, IL, Xenia, IL, Clay City, IL, Farina, IL, Noble, IL, Louisville, IL, Newton, IL and other cities within the region. The Metro Code or CBSA code for this region is NCNTY17025N17025.

Additionally, This Fair Market Rent (FMR) area Clay County, IL spans one county or city in Illinois which is listed in the table below. Estimated population of Clay County, IL FMR area is 13,815 people based on 2010 Census data.

Compared to the rest of Illinois, the Clay County FMR area is less expensive than 80% 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 Clay County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Clay 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 $ 423
1-BR 1-Bedroom $ 537
2-BR 2-Bedroom $ 637
3-BR 3-Bedroom $ 793
4-BR 4-Bedroom $ 936
Change Year:

There is just one county (listed below) within the Clay County, IL FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Champaign & Sprngfld - Decatur, St. Louis and Terre Haute.

County / Region Est. Population
Clay County, IL 13,815
Zip Codes in Clay County, IL

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

62426, 62434, 62443, 62448, 62824, 62838, 62839, 62858, 62868, 62879 and 62899

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