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RentData.org Logo Florence-Muscle Shoals Fair Market Rent FY 2020 Florence-Muscle Shoals, AL MSA Rental Data

Fair Market Rent Prices in Florence-Muscle Shoals, AL :
$498 $565 $714 $913 $1,191
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 Florence-Muscle Shoals are low compared to the national average. This FMR area is less expensive than 52% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Florence-Muscle Shoals is $714 per month.

The previous year, rent for a two-bedroom home was $675 per month. This is a 5.78% increase year-over-year.

This FMR rate applies to Cloverdale, AL, Waterloo, AL, Anderson, AL, Cherokee, AL, Lexington, AL, Red Bay, AL, Leighton, AL, Town Creek, AL, Athens, AL, Rogersville, 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 two counties or cities in Alabama which ares listed in the table below. Estimated population of Florence-Muscle Shoals, AL MSA FMR area is 0 people based on 2000 Census data.

Compared to the rest of Alabama, the Florence-Muscle Shoals FMR area is more expensive than 82% 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 Florence-Muscle Shoals. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 526
1-BR 1-Bedroom $ 597
2-BR 2-Bedroom $ 755
3-BR 3-Bedroom $ 966
4-BR 4-Bedroom $ 1259
Change Year:

The counties, cities, towns, and regions listed below fall into the Florence-Muscle Shoals, 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
Colbert County, AL Metro 0
Lauderdale County, AL Metro 0
Zip Codes in Florence-Muscle Shoals, AL MSA

There are 21 unique zip codes in this Fair Market Rent (FMR) area:

35582, 35610, 35614, 35616, 35617, 35630, 35631, 35632, 35633, 35634, 35645, 35646, 35648, 35652, 35653, 35654, 35660, 35661, 35672, 35674 and 35677

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