Decatur Fair Market Rent FY 2018 Decatur, AL MSA Rental Data

Fair Market Rent prices in Decatur are very low compared to the national average. This FMR area is less expensive than 86% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Decatur is $669 per month.

The previous year, rent for a two-bedroom home was $640 per month. This is a 4.53% 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 Alabama which ares listed in the table below. Estimated population of Decatur, AL MSA FMR area is 153,829 people based on latest Census data.

Compared to the rest of Alabama, the Decatur FMR area is more expensive than 55% of the state.

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.

50^th Percentile Rental Prices: