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Fair Market Rents (40th PERCENTILE RENTS)

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Fair Market Rents (40th PERCENTILE RENTS)

HUD’s Office of Policy Development and Research (PD&R) is pleased to announce that Fair Market Rents and Income Limits data are now available via an application programming interface (API). With this API, developers can easily access and customize Fair Market Rents and Income Limits data for use in existing applications or to create new applications. To create an account and get an access token, please visit the API page here: https://www.huduser.gov/portal/dataset/fmr-api.html.

Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solutions Grants program, maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and flat rents in Public Housing units. The U.S. Department of Housing and Urban Development (HUD) annually estimates FMRs for Office of Management and Budget (OMB) defined metropolitan areas, some HUD defined subdivisions of OMB metropolitan areas, and each nonmetropolitan county. 42 USC 1437f requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year (generally October 1). Fair Market Rents, as defined in 24 CFR 888.113 are estimates of 40th percentile gross rents for standard quality units within a metropolitan area or nonmetropolitan county.

Fair Market Rents: Overview (*.pptx, 1.66MB), (*.pdf, 706KB)




FAIR MARKET RENT SURVEYS

NOTE: HUD no longer performs surveys of local housing markets, but may accept telephone or mail surveys of local housing markets to obtain current rental housing information conducted on behalf of housing authorities in support of annual Fair Market Rent calculations. The information listed below provides information on the type of data that is collected and the instruments that may be used.



FY 2024 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2024 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2024 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2021 American Community Survey (ACS) 1 year data and the newly available 2017-2021 5 year data, and updating to FY 2024 including information from local survey data.



The Department of the Treasury's Emergency Rental Assistance Program allows grantees to make payments to households up to the maximum of the applicable Fair Market Rent or Small Area Fair Market Rent in cases where the household does not have documentation of actual rent paid. The following table shows the maximum of the Fair Market Rent or Small Area Fair Market Rent by bedroom size. For more information about the Emergency Rental Assistance Program, please visit https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program.

2024 Documents

[Revised FMRs for the Urban Honolulu, HI MSA are effective March 11, 2024]

[Effective October 1, 2023]


2024 Data

[Revised FMRs for the Urban Honolulu, HI MSA are effective March 11, 2024]

[Effective October 1, 2023]



FY 2023 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2023 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2023 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2016-2020 American Community Survey (ACS) 5 year data, and updating to FY 2023 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.



The Department of the Treasury's Emergency Rental Assistance Program allows grantees to make payments to households up to the maximum of the applicable Fair Market Rent or Small Area Fair Market Rent in cases where the household does not have documentation of actual rent paid. The following table shows the maximum of the Fair Market Rent or Small Area Fair Market Rent by bedroom size. For more information about the Emergency Rental Assistance Program, please visit https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program.


FY 2022 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2022 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2022 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2019 American Community Survey (ACS) 1 year data and the newly available 2015-2019 5 year data, and updating to FY 2022 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.



The Department of the Treasury's Emergency Rental Assistance Program allows grantees to make payments to households up to the maximum of the applicable Fair Market Rent or Small Area Fair Market Rent in cases where the household does not have documentation of actual rent paid. The following table shows the maximum of the Fair Market Rent or Small Area Fair Market Rent by bedroom size. For more information about the Emergency Rental Assistance Program, please visit https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program.

2022 Documents

[Effective April 9, 2022]

[Effective January 10, 2022]

[Effective October 1, 2021]


FY 2021 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2021 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2021 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2018 American Community Survey (ACS) 1 year data and the newly available 2014-2018 5 year data, and updating to FY 2021 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.



The Department of the Treasury's Emergency Rental Assistance Program allows grantees to make payments to households up to the maximum of the applicable Fair Market Rent or Small Area Fair Market Rent in cases where the household does not have documentation of actual rent paid. The following table shows the maximum of the Fair Market Rent or Small Area Fair Market Rent by bedroom size. For more information about the Emergency Rental Assistance Program, please visit https://home.treasury.gov/policy-issues/cares/emergency-rental-assistance-program.

2021 Documents

[Effective April 1, 2021]

[Effective January 11, 2021]

[Effective October 1, 2020]


FY 2020 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2020 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2020 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2017 American Community Survey (ACS) 1 year data and the newly available 2013-2017 5 year data, and updating to FY 2020 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

2020 Documents

[Effective April 10, 2020]

[Effective January 13, 2020]

[Effective October 1, 2019]

[Comments Due July 5, 2019]


FY 2019 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2019 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2019 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2015 American Community Survey (ACS) 1 year data and the newly available 2011-2015 5 year data, and updating to FY 2019 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

2019 Documents

[Effective April 15, 2019]

[Effective January 30, 2019]

[Effective October 1, 2018]


FY 2018 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2018 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2018 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2015 American Community Survey (ACS) 1 year data and the newly available 2011-2015 5 year data, and updating to FY 2018 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

2018 Documents

[Effective March 22, 2018]

[Effective January 8, 2018]

[Effective October 2, 2017]


FY 2017 Fair Market Rent Documentation System

This system provides complete documentation of the development of the FY 2017 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2017 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2014 American Community Survey (ACS) 1 year data and the newly available 2010-2014 5 year data, and updating to FY 2017 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

2017 Data

[Effective May 1, 2017]

[Effective January 9, 2017]

[Effective December 7, 2016]

[Effective October 1, 2016]



Material Changes to Methodology Calculations

The material changes are discussed in the preamble and the FY 2017 FMRs are recalculated based on these material changes. The Hypothetical FY 2017 FMRs are not effective and may not be used in any programs. The hypothetical FMRS for FY 2017 are being provided for illustrative purposes only.


Hypothetical FY 2017 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Hypothetical FY 2017 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2017 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2014 American Community Survey (ACS) 1 year data and the newly available 2010-2014 5 year data, and updating to FY 2017 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.


Final FY 2016 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2016 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2016 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2013 American Community Survey (ACS) 1 year data and the newly available 2009-2013 5 year data, and updating to FY 2016 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised Final Data

Final Data

[Effective December 11, 2015]

Proposed Data



Final FY 2015 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2015 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2015 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established in 2009 by the Office of Management and Budget, the newly available 2012 American Community Survey (ACS) 1 year data and the newly available 2008-2012 5 year data, incorporating information from Final FY 2014 FMRs, and updating to FY 2015 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised Final Data for 1 Area

[Effective January 12, 2015]

Final Data

[Effective October 1, 2014]

Proposed Data



FINAL FY 2014 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2014 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2014 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2011 American Community Survey (ACS) 1 year data and the newly available 2007-2011 5 year data, incorporating information from Final FY 2013 FMRs, and updating to FY 2014 including information from local survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised Final Data for 2 Areas

[Effective April 18, 2014]


Final Data

The Federal Register Notice of the FY 2014 FMRs will be published on Thursday, October 3, 2013

[Effective October 1, 2013]


Proposed Data


FINAL FY 2013 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2013 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2013 FMRs were developed and updated starting with the formation of the FY 2013 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2010 American Community Survey (ACS) 1 year data and the newly available 2006-2010 5 year data, incorporating information from Final FY 2012 FMRs, and updating to FY 2013 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised Final Data for 6 Areas (Effective April 30, 2013)


Final Data


Proposed Data



FINAL FY 2012 Fair Market Rent Documentation System

This system provides complete documentation of the development of the final FY 2011 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2012 FMRs were developed and updated starting with the formation of the FY 2011 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, the newly available 2008 American Community Survey (ACS) 1 year data and the newly available 2006-2008 3 year data, incorporating information from Final FY 2010 FMRs, and updating to FY 2011 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.

Final Data (Effective October 1, 2011)



Proposed Data




Final FY 2011 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2011 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2011 FMRs were developed and updated starting with the formation of the FY 2011 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, the newly available 2008 American Community Survey (ACS) 1 year data and the newly available 2006-2008 3 year data, incorporating information from Final FY 2010 FMRs, and updating to FY 2011 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.


Final FY 2010 Fair Market Rent Documentation System

This system provides complete documentation of the development of the Final FY 2010 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the final FY 2010 FMRs were developed and updated starting with the formation of the final FY 2010 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, the newly available 2007 American Community Survey (ACS) 1 year data and the newly available 2005-2007 3 year data, incorporating information from Final FY 2009 FMRs, and updating to FY 2010 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised FMRS for 2 Areas (Effective March 11, 2010)

 

Final Data


 

Proposed Data




Final FY 2009 Fair Market Rent Documentation System

This system shows the calculation of the final FY 2009 Fair Market Rents (FMRs) for any area of the country. After selecting the geography, either the metropolitan area or the state then the county, a page with the final FY 2009 FMRs for that selected area is shown. This page depicts the development of these FMRs. The selected area is defined in terms of the counties in the metropolitan area (or towns and places for New England metropolitan areas) and differences from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, are discussed. The step-by-step calculation of the FY 2009 FMRs is shown and includes the 2000 Census benchmark rent, rent data from Final FY 2008 FMRs, updates using the newly available 2006 American Community Survey (ACS) data, and updates using local Random Digit Dialing (RDD) survey data, where available. Links are provided from this summary page to provide greater details on the development of the final FY 2009 FMRs.

Revised FMRs for 2 Areas
(Effective April 10, 2009)

 

Final Data
(Effective October 1, 2008)


Proposed Data



Final FY 2008 Fair Market Rent Documentation System

This system provides complete documentation of the development of the final FY 2008 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the final FY 2008 FMRs were developed and updated starting with the formation of the final FY 2008 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, the newly available 2005 American Community Survey (ACS) data, incorporating information from Final FY 2007 FMRs, and updating to FY 2008 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.

Revised Final Data for 10 FMR Areas
(Effective June 12, 2008)


 

Revised Final Data for 2 Mississippi FMR Areas

(Effective February 1, 2008)


Final Data

(Effective October 1, 2007)


Proposed Data



Final FY 2007 Fair Market Rent Documentation System

This system provides complete documentation of the development of the final FY 2007 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the final FY 2007 FMRs were developed and updated starting with the formation of the final FY 2007 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, incorporating information from Final FY 2006 FMRs, and updating to FY 2007 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed.

Final Data
(Effective October 1, 2006)

 

Proposed Data


Final FY 2006 Fair Market Rent Documentation System

This sytem provides complete documentation of the development of the final FY 2006 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the final FY 2006 FMRs were developed and updated starting with the formation of the final FY 2006 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the 2000 Census benchmark, incorporating information from Revised Final FY 2005 FMRs, and updating to FY 2006 including information from local Random Digit Dialing (RDD) survey data. The tables on the summary page include links to complete detail on how the data were developed. This system now includes changes in FY 2006 FMRs made by the February 14, 2006 final notice on 50th Percentile FMR status under the 50th Percentile FMR regulations (see: https://www.huduser.gov/datasets/fmr/fmr2006r/FedPreamble.pdf), the results of recent RDD surveys and special adjustments for New Orleans and Baton Rouge FMR areas announced March 6, 2006 (see: https://www.huduser.gov/datasets/fmr/fmr2006r/FedRegNotice.pdf), as well as the results of re-evaluation of RDD survey results in Puerto Rico published June 2, 2006 (see: https://www.huduser.gov/datasets/fmr/fmr2006r/FY2006_PR_Notice.pdf).

Revised Final Data for 8 Puerto Rico FMR Areas
(Effective June 2, 2006)

Revised Final Data for 6 FMR Areas
(Effective March 6, 2006)

Notice on 50th Percentile Designation
(Effective March 1, 2006)

Final Data
(Effective October 1, 2005)

Proposed Data

Revised Proposed Data Related to Changes in 50th Percentile FMR Areas


FY 2005 Fair Market Rent Documentation System

This sytem provides complete documentation of the development of the FY 2005 Fair Market Rents (FMRs) for any area of the country selected by the user. After selecting the desired geography, the user is provided a page containing a summary of how the revised final FY 2005 FMRs were updated and developed starting with the 2000 Census benchmark and including any subsequent rebenchmarking using local Random Digit Dialing (RDD) or American Housing Survey (AHS) data. The tables on the summary page include links to complete detail on how the data were developed.


Fair Market Rent History

This system provides the published Fair Market Rents (FMRs) from 2001 to 2005 for any area of the country selected by the user. It does not provide documentation of, or supporting data for, the derivation of these FMRs. After selecting the desired geography, the user is provided a page showing FMRs for their selected area. Links are provided to the 2005 FMR Documentation System information for the user's selected area.

2004

Final Data

Proposed Data

 

 

2003

 

Final Data

 

2002

 

Final Data

Proposed Data

 

2001

 

Final Data
Proposed Data

 


2000 CENSUS RENT DATA USED IN CALCULATION OF FY2005 FMRS

These files contain rounded aggregations of the 2000 Census rent used to calculate FY2005 FMRs and bedroom ratios. These files are provided in two formats: (1) condensed zip files, and (2) comma delimited files that are read by many programs, including spreadsheet programs.



fmr-il-mobile-icon

PD&R FMR/IL Lookup is now available on Apple iOS and Android powered smartphones. Look up Fair Market Rents & Income Limits from HUD’s Policy Develop. & Research!


Access to Small Area FMRs

Small Area FMR Rulemaking:
All information regarding the Small Area FMR Rule is available from the Small Area FMR datasets page.