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FY 2022 Fair Market Rent Documentation System

Final FY 2022 FMRs By Unit Bedrooms
Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom
$816 $954 $1,228 $1,705 $2,102

Wasco County, OR is a non-metropolitan county.

The FY 2022 Fair Market Rents for Wasco County, OR are based on the results of a local rent survey conducted in November, 2017.

The locally conducted survey is more current than the available ACS data. Therefore HUD calculates the locally based survey 2-bedroom FMR using the following steps:

  1. The local survey is adjusted to 2017 dollars by multiplying the survey rent value for 2017 by the annual CPI-U value for 2017 divided by the CPI-U value for November, 2017. This calculation is:

    $1,050 * (245.136/247.378) =

    $1,040

  2. The annually adjusted survey value of $1,040 is augmented by the growth in gross rents from the West Census region measured between 2017 and 2020, using annual inflation factors for each year. This calculation is:

    $1,040 * 1.0345 * 1.0491 * 1.0339   =

    $1,167

  3. The CPI adjusted survey value of $1,167 is trended forward to the mid-point of FY2022 using the West Census region trend factor of 1.0517. This calculation is:

    $1,167 * 1.0517   =

    $1,228

Permanent link to this page: http://www.huduser.gov/portal/datasets/fmr/fmrs/FY2022_code/2022summary.odn?&year=2022&fmrtype=Final&selection_type=county&fips=4106599999

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