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RentData.org Logo Palm Bay-Melbourne-Titusville Fair Market Rent FY 2017 Palm Bay-Melbourne-Titusville, FL MSA Rental Data

Fair Market Rent Prices in Palm Bay-Melbourne-Titusville, FL :
$561 $697 $884 $1,222 $1,505
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 Palm Bay-Melbourne-Titusville are high compared to the national average. This FMR area is more expensive than 88% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Palm Bay-Melbourne-Titusville is $884 per month.

The previous year, rent for a two-bedroom home was $872 per month. This is a 1.38% increase year-over-year.

This FMR rate applies to Orlando, FL, Sharpes, FL, Scottsmoor, FL, Patrick Afb, FL, Grant, FL, Malabar, FL, Sebastian, FL, Cape Canaveral, FL, Mims, FL, Melbourne Beach, FL and other cities within the region. The Metro Code or CBSA code for this region is METRO37340M37340.

Additionally, This Fair Market Rent (FMR) area Palm Bay-Melbourne-Titusville, FL MSA spans one county or city in Florida which is listed in the table below. Estimated population of Palm Bay-Melbourne-Titusville, FL MSA FMR area is 543,376 people based on latest Census data.

Compared to the rest of Florida, the Palm Bay-Melbourne-Titusville FMR area is more 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 Palm Bay-Melbourne-Titusville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Palm Bay-Melbourne-Titusville

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 $ 594
1-BR 1-Bedroom $ 738
2-BR 2-Bedroom $ 936
3-BR 3-Bedroom $ 1294
4-BR 4-Bedroom $ 1593
Change Year:

There is just one county (listed below) within the Palm Bay-Melbourne-Titusville, FL MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Orlando - Daytona Bch - Melbrn.

County / Region Est. Population
Brevard County, FL Metro 543,376
Zip Codes in Palm Bay-Melbourne-Titusville, FL MSA

There are 45 unique zip codes in this Fair Market Rent (FMR) area:

32754, 32775, 32780, 32781, 32783, 32796, 32815, 32899, 32901, 32902, 32903, 32904, 32905, 32906, 32907, 32908, 32909, 32910, 32911, 32912, 32920, 32922, 32923, 32924, 32925, 32926, 32927, 32931, 32932, 32934, 32935, 32936, 32937, 32940, 32941, 32949, 32950, 32951, 32952, 32953, 32954, 32955, 32956, 32959 and 32976

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