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Fair Market Rent Prices in Owensboro, KY :
$492 $495 $663 $832 $975
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Owensboro are low compared to the national average. This FMR area is less expensive than 67% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Owensboro is $663 per month.

The previous year, rent for a two-bedroom home was $672 per month. This is a 1.34% decrease year-over-year.

This FMR rate applies to Rumsey, KY, Beech Grove, KY, West Louisville, KY, Maple Mount, KY, Pellville, KY, Reynolds Station, KY, Island, KY, Sacramento, KY, Maceo, KY, Livermore, KY and other cities within the region. The Metro Code or CBSA code for this region is METRO36980M36980.

Additionally, This Fair Market Rent (FMR) area Owensboro, KY MSA spans three counties or cities in Kentucky which ares listed in the table below. Estimated population of Owensboro, KY MSA FMR area is 114,752 people based on latest Census data.

Compared to the rest of Kentucky, the Owensboro FMR area is more expensive than 61% 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 Owensboro. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Owensboro

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 $ 519
1-BR 1-Bedroom $ 522
2-BR 2-Bedroom $ 699
3-BR 3-Bedroom $ 878
4-BR 4-Bedroom $ 1028
Change Year:

The counties, cities, towns, and regions listed below fall into the Owensboro, KY MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Evansville.

County / Region Est. Population
Daviess County, KY Metro 96,656
Hancock County, KY Metro 8,565
McLean County, KY Metro 9,531
Zip Codes in Owensboro, KY MSA

There are 22 unique zip codes in this Fair Market Rent (FMR) area:

42301, 42302, 42303, 42304, 42322, 42327, 42330, 42348, 42350, 42351, 42352, 42355, 42356, 42364, 42366, 42368, 42371, 42372, 42376, 42377, 42378 and 42420

Lookup Fair Market Rent by Zip Code
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