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Fair Market Rent Prices in Spencer County, IN :
$387 $457 $596 $771 $796
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 Spencer County are very low compared to the national average. This FMR area is less expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Spencer County is $596 per month.

The previous year, rent for a two-bedroom home was $588 per month. This is a 1.36% increase year-over-year.

This FMR rate applies to Fulda, IN, Lincoln City, IN, Mariah Hill, IN, Hatfield, IN, Lamar, IN, Gentryville, IN, Evanston, IN, Chrisney, IN, Tennyson, IN, Grandview, IN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY18147N18147.

Additionally, This Fair Market Rent (FMR) area Spencer County, IN spans one county or city in Indiana which is listed in the table below. Estimated population of Spencer County, IN FMR area is 20,391 people based on latest Census data.

Compared to the rest of Indiana, the Spencer County FMR area is less expensive than 98% of the state.

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

Median Rent Prices in Spencer 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 $ 418
1-BR 1-Bedroom $ 478
2-BR 2-Bedroom $ 626
3-BR 3-Bedroom $ 807
4-BR 4-Bedroom $ 904
Change Year:

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

County / Region Est. Population
Spencer County, IN 20,391
Zip Codes in Spencer County, IN

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

47531, 47536, 47537, 47550, 47552, 47556, 47579, 47601, 47611, 47615, 47617, 47634, 47635 and 47637

Lookup Fair Market Rent by Zip Code
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