Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Morgan County Fair Market Rent FY 2016 Morgan County, KY Rental Data

Fair Market Rent Prices in Morgan County, KY :
$512 $537 $622 $823 $991
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 Morgan County are low compared to the national average. This FMR area is less expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morgan 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 Mize, KY, Cannel City, KY, Crockett, KY, Elkfork, KY, Malone, KY, Ezel, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21175N21175.

Additionally, This Fair Market Rent (FMR) area Morgan County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Morgan County, KY FMR area is 13,923 people based on latest Census data.

Compared to the rest of Kentucky, the Morgan County FMR area is more expensive than 65% of the state.

Kentucky Rents Map

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

Median Rent Prices in Morgan 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 $ 512
1-BR 1-Bedroom $ 537
2-BR 2-Bedroom $ 622
3-BR 3-Bedroom $ 823
4-BR 4-Bedroom $ 991
Change Year:

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

County / Region Est. Population
Morgan County, KY 13,923
Zip Codes in Morgan County, KY

There are 6 unique zip codes in this Fair Market Rent (FMR) area:

41352, 41408, 41413, 41421, 41425 and 41451

Lookup Fair Market Rent by Zip Code
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