Logo Union County Fair Market Rent FY 2016 Union County, KY Rental Data

Fair Market Rent Prices in Union County, KY :
$512 $517 $622 $776 $882
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 Union County are very low compared to the national average. This FMR area is less expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Union County is $622 per month.

The previous year, rent for a two-bedroom home was $558 per month. This is a 11.47% increase year-over-year.

This FMR rate applies to Sullivan, KY, Clay, KY, Morganfield, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21225N21225.

Additionally, This Fair Market Rent (FMR) area Union County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Union County, KY FMR area is 15,007 people based on latest Census data.

Compared to the rest of Kentucky, the Union County FMR area is less expensive than 64% 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 Union County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Union 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 $ 594
1-BR 1-Bedroom $ 599
2-BR 2-Bedroom $ 721
3-BR 3-Bedroom $ 899
4-BR 4-Bedroom $ 1023
Change Year:

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

County / Region Est. Population
Union County, KY 15,007
Zip Codes in Union County, KY

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

42404, 42437 and 42460

Lookup Fair Market Rent by Zip Code