States and the District of Columbia ranked by average Fair Market Rent (FMR) for FY 2027. 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	District of Columbia DC	$2,111	$2,204	$2,438	$3,107	$3,658	1
#2	Massachusetts MA	$1,746	$1,862	$2,351	$2,910	$3,302	14
#3	Hawaii HI	$1,702	$1,797	$2,342	$3,002	$3,577	5
#4	New Jersey NJ	$1,660	$1,810	$2,185	$2,703	$3,062	21
#5	California CA	$1,536	$1,665	$2,072	$2,772	$3,210	58
#6	Connecticut CT	$1,377	$1,596	$1,948	$2,404	$2,805	9
#7	Rhode Island RI	$1,423	$1,509	$1,879	$2,302	$2,615	5
#8	New Hampshire NH	$1,276	$1,389	$1,793	$2,327	$2,520	10
#9	Maryland MD	$1,375	$1,466	$1,731	$2,221	$2,544	24
#10	Delaware DE	$1,288	$1,333	$1,662	$2,101	$2,419	3
#11	Vermont VT	$1,241	$1,352	$1,650	$2,114	$2,361	14
#12	New York NY	$1,217	$1,322	$1,588	$1,986	$2,209	62
#13	Colorado CO	$1,174	$1,262	$1,552	$2,024	$2,363	64
#14	Washington WA	$1,133	$1,237	$1,540	$2,094	$2,457	39
#15	Florida FL	$1,220	$1,295	$1,515	$1,943	$2,223	67
#16	Alaska AK	$1,115	$1,250	$1,512	$1,995	$2,390	30
#17	Maine ME	$1,088	$1,153	$1,442	$1,916	$2,175	16
#18	Oregon OR	$1,039	$1,127	$1,402	$1,924	$2,290	36
#19	Virginia VA	$1,169	$1,217	$1,398	$1,822	$2,157	133
#20	Nevada NV	$1,024	$1,085	$1,366	$1,847	$2,236	17
#21	Montana MT	$1,007	$1,086	$1,340	$1,807	$2,138	56
#22	Arizona AZ	$982	$1,065	$1,318	$1,744	$1,996	15
#23	Utah UT	$984	$1,057	$1,291	$1,712	$2,064	29
#24	Pennsylvania PA	$941	$1,035	$1,271	$1,632	$1,802	67
#25	North Carolina NC	$999	$1,047	$1,230	$1,577	$1,878	100
#26	Georgia GA	$989	$1,033	$1,209	$1,522	$1,776	159
#27	Idaho ID	$932	$975	$1,188	$1,633	$1,974	44
#28	Texas TX	$908	$960	$1,184	$1,533	$1,758	254
#29	Tennessee TN	$928	$976	$1,176	$1,504	$1,718	95
#30	Minnesota MN	$845	$938	$1,166	$1,529	$1,740	87
#31	South Carolina SC	$935	$1,001	$1,163	$1,447	$1,679	46
#32	Indiana IN	$883	$936	$1,160	$1,462	$1,669	92
#33	Michigan MI	$852	$928	$1,156	$1,464	$1,644	83
#34	New Mexico NM	$869	$944	$1,155	$1,531	$1,781	33
#35	Ohio OH	$856	$915	$1,137	$1,438	$1,606	88
#36	Wisconsin WI	$835	$902	$1,131	$1,446	$1,605	72
#37	Illinois IL	$812	$887	$1,103	$1,418	$1,628	102
#38	South Dakota SD	$776	$875	$1,099	$1,436	$1,730	66
#39	North Dakota ND	$859	$884	$1,088	$1,461	$1,779	53
#40	Wyoming WY	$812	$848	$1,076	$1,441	$1,767	23
#41	Nebraska NE	$778	$844	$1,058	$1,348	$1,515	93
#42	Missouri MO	$798	$848	$1,057	$1,376	$1,597	116
#43	Louisiana LA	$795	$865	$1,044	$1,348	$1,565	64
#44	Alabama AL	$819	$866	$1,041	$1,342	$1,536	67
#45	Kentucky KY	$755	$842	$1,033	$1,335	$1,501	120
#46	Kansas KS	$769	$826	$1,033	$1,333	$1,543	105
#47	Iowa IA	$749	$802	$1,001	$1,302	$1,441	99
#48	West Virginia WV	$749	$812	$998	$1,291	$1,449	55
#49	Mississippi MS	$799	$834	$984	$1,240	$1,362	82
#50	Oklahoma OK	$744	$783	$983	$1,284	$1,478	77
#51	Arkansas AR	$712	$774	$963	$1,258	$1,428	75

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.