Highest FMR States

States and the District of Columbia ranked by average Fair Market Rent (FMR) for FY 2026. Rankings use the average 2-bedroom FMR; the table also shows 0-4 bedroom benchmarks.

FMR data is from the U.S. Department of Housing and Urban Development (HUD) and provides a market benchmark that housing agencies use when setting local voucher payment standards.

Rank	State	0 BR	1 BR	2 BR	3 BR	4 BR	Areas
#1	Hawaii HI	$1,786	$1,859	$2,433	$3,157	$3,779	5
#2	Massachusetts MA	$1,696	$1,796	$2,261	$2,823	$3,188	14
#3	District of Columbia DC	$1,953	$2,015	$2,246	$2,835	$3,332	1
#4	New Jersey NJ	$1,599	$1,759	$2,132	$2,658	$3,005	21
#5	California CA	$1,513	$1,647	$2,053	$2,752	$3,165	58
#6	Connecticut CT	$1,351	$1,590	$1,955	$2,415	$2,852	9
#7	New Hampshire NH	$1,340	$1,460	$1,894	$2,464	$2,665	10
#8	Rhode Island RI	$1,318	$1,402	$1,729	$2,087	$2,480	5
#9	Maryland MD	$1,314	$1,404	$1,657	$2,133	$2,449	24
#10	New York NY	$1,215	$1,315	$1,579	$1,976	$2,193	62
#11	Delaware DE	$1,205	$1,250	$1,560	$1,990	$2,293	3
#12	Florida FL	$1,212	$1,296	$1,526	$1,971	$2,261	67
#13	Vermont VT	$1,124	$1,203	$1,487	$1,922	$2,111	14
#14	Washington WA	$1,082	$1,180	$1,472	$2,003	$2,351	39
#15	Alaska AK	$1,061	$1,194	$1,467	$1,941	$2,304	30
#16	Maine ME	$1,080	$1,153	$1,448	$1,917	$2,133	16
#17	Colorado CO	$1,083	$1,161	$1,429	$1,861	$2,178	64
#18	Nevada NV	$1,056	$1,135	$1,428	$1,941	$2,352	17
#19	Oregon OR	$1,051	$1,143	$1,425	$1,963	$2,318	36
#20	Arizona AZ	$1,053	$1,151	$1,419	$1,889	$2,158	15
#21	Virginia VA	$1,137	$1,182	$1,369	$1,789	$2,128	133
#22	Montana MT	$988	$1,076	$1,336	$1,789	$2,113	56
#23	Utah UT	$981	$1,082	$1,313	$1,746	$2,105	29
#24	Pennsylvania PA	$900	$996	$1,225	$1,570	$1,744	67
#25	Georgia GA	$979	$1,023	$1,203	$1,524	$1,775	159
#26	Idaho ID	$898	$950	$1,173	$1,619	$1,949	44
#27	North Carolina NC	$932	$981	$1,161	$1,499	$1,780	100
#28	South Carolina SC	$928	$982	$1,155	$1,450	$1,699	46
#29	Texas TX	$887	$935	$1,149	$1,497	$1,733	254
#30	New Mexico NM	$828	$927	$1,129	$1,496	$1,758	33
#31	Minnesota MN	$809	$899	$1,125	$1,483	$1,698	87
#32	Tennessee TN	$882	$924	$1,118	$1,445	$1,644	95
#33	Michigan MI	$807	$891	$1,113	$1,419	$1,588	83
#34	Wisconsin WI	$797	$872	$1,097	$1,405	$1,572	72
#35	Indiana IN	$816	$882	$1,096	$1,391	$1,590	92
#36	Ohio OH	$816	$873	$1,092	$1,388	$1,550	88
#37	Illinois IL	$774	$854	$1,063	$1,370	$1,561	102
#38	Wyoming WY	$785	$824	$1,044	$1,399	$1,719	23
#39	Louisiana LA	$763	$832	$1,007	$1,298	$1,508	64
#40	Nebraska NE	$706	$791	$1,001	$1,274	$1,409	93
#41	Oklahoma OK	$744	$791	$995	$1,297	$1,501	77
#42	South Dakota SD	$691	$784	$990	$1,295	$1,540	66
#43	Iowa IA	$738	$788	$989	$1,282	$1,420	99
#44	Kentucky KY	$719	$794	$984	$1,277	$1,442	120
#45	Missouri MO	$734	$777	$972	$1,268	$1,460	116
#46	North Dakota ND	$769	$795	$965	$1,297	$1,588	53
#47	Kansas KS	$702	$753	$947	$1,223	$1,397	105
#48	West Virginia WV	$714	$766	$945	$1,231	$1,380	55
#49	Arkansas AR	$700	$751	$944	$1,239	$1,406	75
#50	Alabama AL	$716	$772	$936	$1,206	$1,381	67
#51	Mississippi MS	$751	$782	$924	$1,177	$1,295	82

About Fair Market Rent (FMR)

Fair Market Rent (FMR) is HUD's estimate of the gross rent for a modest, standard-quality rental unit in an area. Housing agencies use FMR as the basis for voucher payment standards, which can be set above or below FMR within program rules.

States with higher average FMRs typically have higher housing costs and may offer better rental income potential for property investors participating in Section 8 programs. However, property values and operating costs should also be considered when evaluating investment opportunities.