Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Somerset County Fair Market Rent FY 2018 Somerset County, MD HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Somerset County, MD :
$505 $664 $763 $1,079 $1,083
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 Somerset County are average compared to the national average. This FMR area is more expensive than 70% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Somerset County is $763 per month.

The previous year, rent for a two-bedroom home was $734 per month. This is a 3.95% increase year-over-year.

This FMR rate applies to Ewell, MD, Manokin, MD, Rehobeth, MD, Tylerton, MD, Upper Fairmount, MD, Deal Island, MD, Westover, MD, Marion Station, MD, Eden, MD, Crisfield, MD and other cities within the region. The Metro Code or CBSA code for this region is METRO41540N24039.

Additionally, This Fair Market Rent (FMR) area Somerset County, MD HUD Metro FMR Area spans one county or city in Maryland which is listed in the table below. Estimated population of Somerset County, MD HUD Metro FMR Area FMR area is 26,470 people based on latest Census data.

Compared to the rest of Maryland, the Somerset County FMR area is less expensive than 80% of the state.

Maryland Rents Map

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

Median Rent Prices in Somerset 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 $ 553
1-BR 1-Bedroom $ 727
2-BR 2-Bedroom $ 835
3-BR 3-Bedroom $ 1181
4-BR 4-Bedroom $ 1185
Change Year:

There is just one county (listed below) within the Somerset County, MD HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Salisbury.

County / Region Est. Population
Somerset County, MD Metro 26,470
Zip Codes in Somerset County, MD HUD Metro FMR Area

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

21817, 21821, 21822, 21824, 21836, 21838, 21851, 21853, 21857, 21866, 21867, 21871 and 21890

Lookup Fair Market Rent by Zip Code
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