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

Fair Market Rent Prices in Marion County, KY :
$463 $483 $646 $802 $916
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 Marion County are very low compared to the national average. This FMR area is less expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Marion County is $646 per month.

The previous year, rent for a two-bedroom home was $585 per month. This is a 10.43% increase year-over-year.

This FMR rate applies to Nerinx, KY, Saint Francis, KY, Saint Mary, KY, Raywick, KY, Loretto, KY, Springfield, KY, Lebanon, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21155N21155.

Additionally, This Fair Market Rent (FMR) area Marion County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Marion County, KY FMR area is 19,820 people based on latest Census data.

Compared to the rest of Kentucky, the Marion County FMR area is less expensive than 62% 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 Marion County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Marion 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 $ 479
1-BR 1-Bedroom $ 500
2-BR 2-Bedroom $ 669
3-BR 3-Bedroom $ 830
4-BR 4-Bedroom $ 949
Change Year:

There is just one county (listed below) within the Marion County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Louisville.

County / Region Est. Population
Marion County, KY 19,820
Zip Codes in Marion County, KY

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

40033, 40037, 40049, 40060, 40062, 40063 and 40069

Lookup Fair Market Rent by Zip Code