Fair Market Rent (1997–2023)

Definition

This indicator provides estimates on fair market rent for a three-bedroom housing in a given fiscal year. Fair market rents represent the 40th percentile gross rent and determine the eligibility of rental housing units for the Section 8 Housing Assistance Payments program. State data is an average of county data.

Data Source

All Fair Market Rent (FMR) data were obtained from the web site of the U.S. Office of Housing and Urban Development (HUD). The URL is as follows: https://www.huduser.gov/portal/home.html

Last Updated

2023-11