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RentData.org Logo Traverse County Fair Market Rent FY 2019 Traverse County, MN Rental Data

Fair Market Rent Prices in Traverse County, MN :
$459 $529 $700 $877 $968
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Non-Metro

Fair Market Rent prices in Traverse County are very low compared to the national average. This FMR area is less expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Traverse County is $700 per month.

The previous year, rent for a two-bedroom home was $697 per month. This is a 0.43% increase year-over-year.

This FMR rate applies to Nashua, MN, Browns Valley, MN, Wheaton, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27155N27155.

Additionally, This Fair Market Rent (FMR) area Traverse County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Traverse County, MN FMR area is 3,558 people based on latest Census data.

Compared to the rest of Minnesota, the Traverse County FMR area is less expensive than 95% of the state.

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

Median Rent Prices in Traverse 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 $ 459
1-BR 1-Bedroom $ 529
2-BR 2-Bedroom $ 700
3-BR 3-Bedroom $ 877
4-BR 4-Bedroom $ 968
Change Year:

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

County / Region Est. Population
Traverse County, MN 3,558
Zip Codes in Traverse County, MN

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

56219, 56296 and 56565

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