Logo Graves County Fair Market Rent FY 2016 Graves County, KY Rental Data

Fair Market Rent Prices in Graves County, KY :
$446 $537 $622 $784 $1,060
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Graves County are low compared to the national average. This FMR area is less expensive than 68% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Graves County is $622 per month.

The previous year, rent for a two-bedroom home was $558 per month. This is a 11.47% increase year-over-year.

This FMR rate applies to Lowes, KY, Lynnville, KY, Water Valley, KY, Melber, KY, Sedalia, KY, Symsonia, KY, Boaz, KY, Wingo, KY, Hickory, KY, Paducah, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21083N21083.

Additionally, This Fair Market Rent (FMR) area Graves County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Graves County, KY FMR area is 37,121 people based on latest Census data.

Compared to the rest of Kentucky, the Graves County FMR area is more expensive than 60% 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 Graves County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Graves County

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 $ 464
1-BR 1-Bedroom $ 560
2-BR 2-Bedroom $ 648
3-BR 3-Bedroom $ 816
4-BR 4-Bedroom $ 1105
Change Year:

There is just one county (listed below) within the Graves County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Paducah - Cape Girar D - Harsbg.

County / Region Est. Population
Graves County, KY 37,121
Zip Codes in Graves County, KY

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

42003, 42027, 42051, 42061, 42063, 42069, 42079, 42082, 42085 and 42088

Lookup Fair Market Rent by Zip Code