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RentData.org Logo Rice County Fair Market Rent FY 2008 Rice County, MN Rental Data

Fair Market Rent Prices in Rice County, MN :
$550 $574 $755 $902 $1,049
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 Rice County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rice County is $755 per month.

The previous year, rent for a two-bedroom home was $692 per month. This is a 9.1% increase year-over-year.

This FMR rate applies to Warsaw, MN, Webster, MN, Dundas, MN, Morristown, MN, Medford, MN, Elko New Market, MN, Lonsdale, MN, Faribault, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27131N27131.

Additionally, This Fair Market Rent (FMR) area Rice County, MN spans one county or city in which is listed in the table below. Estimated population of Rice County, MN FMR area is 56,665 people based on latest Census data.

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

Median Rent Prices in Rice 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 $ 558
1-BR 1-Bedroom $ 594
2-BR 2-Bedroom $ 781
3-BR 3-Bedroom $ 945
4-BR 4-Bedroom $ 1317
Change Year:

There is just one county (listed below) within the Rice County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Minneapolis - St. Paul.

County / Region Est. Population
Rice County, MN 56,665
Zip Codes in Rice County, MN

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

55019, 55020, 55021, 55046, 55049, 55052, 55087 and 55088

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