Logo Decatur Fair Market Rent FY 2020 Decatur, AL MSA Rental Data

Fair Market Rent Prices in Decatur, AL :
$480 $546 $687 $889 $950
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 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Decatur is $687 per month.

The previous year, rent for a two-bedroom home was $681 per month. This is a 0.88% increase year-over-year.

This FMR rate applies to Mount Hope, AL, Courtland, AL, Hillsboro, AL, Trinity, AL, Moulton, 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 one county or city in Alabama which is listed in the table below. Estimated population of Decatur, AL MSA FMR area is 33,290 people based on latest Census data.

Compared to the rest of Alabama, the Decatur FMR area is more expensive than 66% 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 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 $ 506
1-BR 1-Bedroom $ 575
2-BR 2-Bedroom $ 724
3-BR 3-Bedroom $ 937
4-BR 4-Bedroom $ 1001
Change Year:

There is just one county (listed below) within the Decatur, AL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Huntsville - Decatur (Flor).

County / Region Est. Population
Decatur, AL Metro 33,290
Zip Codes in Decatur, AL MSA

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

35603, 35618, 35643, 35650, 35651 and 35673

Lookup Fair Market Rent by Zip Code