Florence-Muscle Shoals Fair Market Rent FY 2007 Florence-Muscle Shoals, AL MSA Rental Data

Fair Market Rent prices in Florence-Muscle Shoals are low compared to the national average. This FMR area is less expensive than 53% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Florence-Muscle Shoals is $506 per month.

The previous year, rent for a two-bedroom home was $486 per month. This is a 4.12% increase year-over-year.

This FMR rate applies to Cherokee, AL, Red Bay, AL, Leighton, AL, Town Creek, AL, Sheffield, AL, Muscle Shoals, AL, Tuscumbia, AL, Russellville, AL and other cities within the region. The Metro Code or CBSA code for this region is METRO22520M22520.

Additionally, This Fair Market Rent (FMR) area Florence-Muscle Shoals, AL MSA spans one county or city in Alabama which is listed in the table below. Estimated population of Florence-Muscle Shoals, AL MSA FMR area is 54,984 people based on latest Census data.

Compared to the rest of Alabama, the Florence-Muscle Shoals FMR area is more expensive than 86% of the state.

Median Rent Prices in Florence-Muscle Shoals

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: