Reno-Sparks Fair Market Rent FY 2012 Reno-Sparks, NV MSA Rental Data

Fair Market Rent prices in Reno-Sparks are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Reno-Sparks is $930 per month.

The previous year, rent for a two-bedroom home was $875 per month. This is a 6.29% increase year-over-year.

This FMR rate applies to Gerlach, NV, Nixon, NV, Crystal Bay, NV, Wadsworth, NV, Virginia City, NV, Verdi, NV, Washoe Valley, NV, Incline Village, NV, Carson City, NV, Sun Valley, NV and other cities within the region. The Metro Code or CBSA code for this region is METRO39900M39900.

Additionally, This Fair Market Rent (FMR) area Reno-Sparks, NV MSA spans two counties or cities in Nevada which ares listed in the table below. Estimated population of Reno-Sparks, NV MSA FMR area is 342,885 people based on latest Census data.

Compared to the rest of Nevada, the Reno-Sparks FMR area is more expensive than 93% of the state.

Median Rent Prices in Reno-Sparks

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: