Logo Covington County Fair Market Rent FY 2014 Covington County, AL Rental Data

Fair Market Rent Prices in Covington County, AL :
$435 $437 $566 $818 $908
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 Covington County are very low compared to the national average. This FMR area is less expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Covington County is $566 per month.

The previous year, rent for a two-bedroom home was $584 per month. This is a 3.08% decrease year-over-year.

This FMR rate applies to Gantt, AL, Lockhart, AL, River Falls, AL, Wing, AL, Dozier, AL, Andalusia, AL and other cities within the region. The Metro Code or CBSA code for this region is NCNTY01039N01039.

Additionally, This Fair Market Rent (FMR) area Covington County, AL spans one county or city in Alabama which is listed in the table below. Estimated population of Covington County, AL FMR area is 37,765 people based on latest Census data.

Compared to the rest of Alabama, the Covington County FMR area is more expensive than 52% 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 Covington County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Covington 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 $ 448
1-BR 1-Bedroom $ 451
2-BR 2-Bedroom $ 583
3-BR 3-Bedroom $ 843
4-BR 4-Bedroom $ 936
Change Year:

There is just one county (listed below) within the Covington County, AL FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Montgomery (Selma).

County / Region Est. Population
Covington County, AL 37,765
Zip Codes in Covington County, AL

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

36028, 36038, 36420, 36455, 36476 and 36483

Lookup Fair Market Rent by Zip Code