Madison County, KY

2024 Fair Market Rents

Tags: 2024 40th percentile Kentucky

Return to the state page to see where Kentucky ranks nationally and to view information on other counties. Click on the map to view a different county.

The top two largest cities in Madison County are Richmond and Bighill. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Madison County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Madison County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Madison County compare?

Madison County ($914) has a 3.4% lower FMR for 2-Bedroom housing than the average of Kentucky ($946) and therefore has a lower gross rent.

Madison County is rank 43rd out of 120 counties. This means the FMRs, or in other words, the gross rent is higher than 77 other counties. Madison County is the 43rd most expensive county in terms of FMRs.

Rent Tables Madison County, KY

Fair Market Rent (40th Percentile)

$750
studio
$794
1-Bedroom
$914
2-Bedroom
$1,288
3-Bedroom
$1,301
4-Bedroom

Median Rent (50th Percentile)

$791
studio
$837
1-Bedroom
$963
2-Bedroom
$1,357
3-Bedroom
$1,370
4-Bedroom

Fair Market Rents on this page apply to the following cities in Madison County, Kentucky: Richmond and Bighill.

These Fair Market Rents also apply to the following ZIP codes in Madison County, Kentucky: 40475, 40476, and 40405.

More on Madison County, KY

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.