HUD's FY 2027 fair market rents took effect on October 1, 2026. Across 2,589 FMR areas with a matching FY 2026 value, the median two-bedroom FMR changed +4.2%: 2,122 areas rose, 463 fell, and 4 were unchanged. Among metro areas, the largest increase was in the St. James Parish, LA HUD Metro FMR Area ($921 to $1,165, +26.5%) and the largest decrease in the Gem County, ID HUD Metro FMR Area ($1,190 to $1,071, −10.0%). HUD limits annual FMR decreases to 10%, and 29 areas fell by that maximum.
Largest two-bedroom increases
Metro FMR area
FY 2026
FY 2027
Change
St. James Parish, LA HUD Metro FMR Area
$921
$1,165
+26.5%
Hattiesburg, MS MSA
$1,047
$1,316
+25.7%
Joplin, MO HUD Metro FMR Area
$947
$1,153
+21.8%
Napa, CA MSA
$2,773
$3,375
+21.7%
Asheville, NC MSA
$1,567
$1,866
+19.1%
Pickens County, AL HUD Metro FMR Area
$776
$921
+18.7%
Bates County, MO HUD Metro FMR Area
$927
$1,098
+18.4%
Fayetteville, NC HUD Metro FMR Area
$1,251
$1,476
+18.0%
Port St. Lucie, FL MSA
$1,757
$2,069
+17.8%
Roanoke, VA HUD Metro FMR Area
$1,254
$1,464
+16.7%
Peoria, IL MSA
$1,039
$1,212
+16.7%
Stockton-Lodi, CA MSA
$1,742
$2,015
+15.7%
Hoke County, NC HUD Metro FMR Area
$998
$1,150
+15.2%
La Crosse-Onalaska, WI-MN HUD Metro FMR Area
$1,166
$1,343
+15.2%
Albany, OR MSA
$1,500
$1,726
+15.1%
Largest two-bedroom decreases
Metro FMR area
FY 2026
FY 2027
Change
Gem County, ID HUD Metro FMR Area
$1,190
$1,071
−10.0%
Flagstaff, AZ MSA
$1,921
$1,729
−10.0%
Oxnard-Thousand Oaks-Ventura, CA MSA
$2,693
$2,424
−10.0%
Yuma, AZ MSA
$1,382
$1,244
−10.0%
Salinas, CA MSA
$2,684
$2,416
−10.0%
Erie, PA MSA
$1,212
$1,091
−10.0%
Rochester, NY MSA
$1,573
$1,416
−10.0%
Charlottesville, VA MSA
$1,824
$1,642
−10.0%
Butte County, ID HUD Metro FMR Area
$1,304
$1,174
−10.0%
Reading, PA MSA
$1,575
$1,418
−10.0%
Lake Havasu City-Kingman, AZ MSA
$1,365
$1,229
−10.0%
Ward County, ND HUD Metro FMR Area
$1,165
$1,049
−10.0%
Pinehurst-Southern Pines, NC MSA
$1,358
$1,223
−9.9%
Calvert County, MD HUD Metro FMR Area
$2,083
$1,890
−9.3%
Bismarck, ND MSA
$1,175
$1,067
−9.2%
Change by state
Median change in the two-bedroom FMR across each state's counties, with the number of counties that rose or fell.
Each HUD FMR area's FY 2027 two-bedroom FMR is compared with its FY 2026 value. Areas whose HUD definition changed between the two years are left out. Housing authorities generally have up to three months after the effective date to bring payment standards back within 90% to 110% of the new FMR, so voucher amounts can lag these changes. Look up a ZIP code, city, or county to see its bedroom-by-bedroom change and five-year history.
Source: HUD FY 2027 and FY 2026 Fair Market Rents.