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RentData.org Logo Rowan County Fair Market Rent FY 2020 Rowan County, KY Rental Data

Fair Market Rent Prices in Rowan County, KY :
$491 $607 $691 $861 $1,080
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 Rowan 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 Rowan County is $691 per month.

The previous year, rent for a two-bedroom home was $700 per month. This is a 1.29% decrease year-over-year.

This FMR rate applies to Elliottville, KY, Farmers, KY, Clearfield, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21205N21205.

Additionally, This Fair Market Rent (FMR) area Rowan County, KY spans one county or city in which is listed in the table below. Estimated population of Rowan County, KY FMR area is 24,390 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 Rowan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Rowan 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 $ 517
1-BR 1-Bedroom $ 639
2-BR 2-Bedroom $ 727
3-BR 3-Bedroom $ 906
4-BR 4-Bedroom $ 1136
Change Year:

There is just one county (listed below) within the Rowan County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Lexington.

County / Region Est. Population
Rowan County, KY 24,390
Zip Codes in Rowan County, KY

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

40313, 40317 and 40319

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