Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Decatur Fair Market Rent FY 2015 Decatur, AL MSA Rental Data

Fair Market Rent Prices in Decatur, AL :
$457 $552 $655 $908 $936
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 Decatur are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Decatur is $655 per month.

The previous year, rent for a two-bedroom home was $595 per month. This is a 10.08% increase year-over-year.

This FMR rate applies to Valhermoso Springs, AL, Mount Hope, AL, Courtland, AL, Hillsboro, AL, Trinity, AL, Moulton, AL, Hartselle, AL, Decatur, AL and other cities within the region. The Metro Code or CBSA code for this region is METRO19460M19460.

Additionally, This Fair Market Rent (FMR) area Decatur, AL MSA spans two counties or cities in which ares listed in the table below. Estimated population of Decatur, AL MSA FMR area is 153,829 people based on latest Census data.

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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 Decatur. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Decatur

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 $ 495
1-BR 1-Bedroom $ 598
2-BR 2-Bedroom $ 709
3-BR 3-Bedroom $ 983
4-BR 4-Bedroom $ 1013
Change Year:

The counties, cities, towns, and regions listed below fall into the Decatur, AL MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Huntsville - Decatur (Flor).

County / Region Est. Population
Lawrence County, AL Metro 34,339
Morgan County, AL Metro 119,490
Zip Codes in Decatur, AL MSA

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

35601, 35602, 35603, 35618, 35640, 35643, 35650, 35651, 35673 and 35775

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