RentData.org

RentData.org Logo Kennewick-Richland Fair Market Rent FY 2023 Kennewick-Richland, WA MSA Rental Data

Fair Market Rent Prices in Kennewick-Richland, WA :
$811 $955 $1,187 $1,571 $1,950
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Kennewick-Richland are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Kennewick-Richland is $1,187 per month.

The previous year, rent for a two-bedroom home was $1,060 per month. This is a 11.98% increase year-over-year.

This FMR rate applies to Paterson, WA, Plymouth, WA, Benton City, WA, Prosser, WA, Grandview, WA, West Richland, WA, Sunnyside, WA, Richland, WA, Kennewick, WA and other cities within the region. The Metro Code or CBSA code for this region is METRO28420M28420.

Additionally, This Fair Market Rent (FMR) area Kennewick-Richland, WA MSA spans one county or city in Washington which is listed in the table below. Estimated population of Kennewick-Richland, WA MSA FMR area is 200,715 people based on latest Census data.

Compared to the rest of Washington, the Kennewick-Richland FMR area is more expensive than 55% of the state.

Washington Rents Map

Click on the map to view more another region.

See Nationwide Map

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 Kennewick-Richland. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Kennewick-Richland

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 $ 859
1-BR 1-Bedroom $ 1012
2-BR 2-Bedroom $ 1257
3-BR 3-Bedroom $ 1664
4-BR 4-Bedroom $ 2065
Change Year:

There is just one county (listed below) within the Kennewick-Richland, WA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Yakima - Pasco - Rchlnd - Knnwck.

County / Region Est. Population
Kennewick-Richland, WA Metro 200,715
Zip Codes in Kennewick-Richland, WA MSA

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

98930, 98944, 99320, 99336, 99337, 99338, 99345, 99346, 99350, 99352, 99353 and 99354

Lookup Fair Market Rent by Zip Code
Top