Housing & Urban Development Fair Market Rents

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
• maximum amount of rent a recipient may pay for property leased with Continuum of Care funds
• 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.