Prescott Valley-Prescott Fair Market Rent FY 2024 Prescott Valley-Prescott, AZ MSA Rental Data

Fair Market Rent prices in Prescott Valley-Prescott are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Prescott Valley-Prescott is $1,403 per month.

The previous year, rent for a two-bedroom home was $1,281 per month. This is a 9.52% increase year-over-year.

This FMR rate applies to Crown King, AZ, Skull Valley, AZ, Jerome, AZ, Yarnell, AZ, Lake Montezuma, AZ, Seligman, AZ, Kirkland, AZ, Humboldt, AZ, Congress, AZ, Ash Fork, AZ and other cities within the region. The Metro Code or CBSA code for this region is METRO39150M39150.

Additionally, This Fair Market Rent (FMR) area Prescott Valley-Prescott, AZ MSA spans one county or city in Arizona which is listed in the table below. Estimated population of Prescott Valley-Prescott, AZ MSA FMR area is 232,396 people based on latest Census data.

Compared to the rest of Arizona, the Prescott Valley-Prescott FMR area is more expensive than 84% of the state.

Median Rent Prices in Prescott Valley-Prescott

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.

50^th Percentile Rental Prices: