Fair Market Rent Data

Last updated: 09/29/2024

Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine 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 Solution Grants program, calculation of 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 calculation of 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).

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Theme

  • Compliance

Keyword

  • FMR
Additional metadata
Key Value
contactPoint AHDP (email)
publisher Housing and Urban Development
identifier 3fc74aff-472a-4a9a-9c4e-b26cf7cea96f
accessLevel public
accrualPeriodicity R/P10Y
describedByType https://www.huduser.gov/portal/datasets/fmr.html#2023
issued 2023-01-01T00:00:00+00:00
modified 2024-09-30T00:00:00+00:00