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

Fair Market Rent Prices in Mercer County, KY :
$449 $471 $626 $835 $1,014
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 Mercer County are very low compared to the national average. This FMR area is less expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Mercer County is $626 per month.

The previous year, rent for a two-bedroom home was $561 per month. This is a 11.59% increase year-over-year.

This FMR rate applies to Burgin, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21167N21167.

Additionally, This Fair Market Rent (FMR) area Mercer County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Mercer County, KY FMR area is 21,331 people based on latest Census data.

Compared to the rest of Kentucky, the Mercer County FMR area is more expensive than 55% 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 Mercer County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Mercer 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 $ 470
1-BR 1-Bedroom $ 493
2-BR 2-Bedroom $ 656
3-BR 3-Bedroom $ 875
4-BR 4-Bedroom $ 1063
Change Year:

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

County / Region Est. Population
Mercer County, KY 21,331
Zip Codes in Mercer County, KY

There is 1 unique zip code in this Fair Market Rent (FMR) area:


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