What is Fair Market Rent (FMR)?

Fair Market Rent (FMR) is the maximum rent that HUD allows for units participating in the Housing Choice Voucher (Section 8) program. FMRs are set annually by HUD for each metropolitan area and county.

What is Small Area FMR (SAFMR)?

Small Area Fair Market Rents (SAFMRs) are FMRs calculated at the ZIP code level instead of the metro area level, providing more precise rent limits that reflect local market conditions.

How can I use FMR data for real estate investing?

FMR data helps investors identify markets where Section 8 rents can cover mortgage payments and expenses, generating positive cash flow. Our investment score tool analyzes FMR relative to property prices, tax rates, and rental demand.

How does the investment score work?

Investment score uses effective rent (min of FMR and market rent per HUD rent reasonableness), net yield (annual rent minus taxes divided by property value), rental demand indicators, and a confidence score (0–100) reflecting data completeness. Scores below 90% confidence are capped at 129. Higher scores indicate better cash flow potential.

What data sources does fmr.fyi use?

We use official HUD FMR and SAFMR data, RentCast for market rent, Zillow Home Value Index (ZHVI) for property values, U.S. Census Bureau ACS data for property tax rates, and Zillow rental demand metrics. All data is updated regularly to ensure accuracy.

How accurate is the cash flow calculator?

Our cash flow calculator uses real-time mortgage rates, actual property tax rates from Census data, and FMR rent data. Estimates include standard assumptions for vacancy (8%), maintenance, and property management. Actual results may vary based on specific property conditions and local factors.

Can I export data for analysis?

Yes, registered users can export explorer data to Excel format, including investment scores, yields, FMR values, property values, and cash flow estimates for further analysis.

fmr.fyi

ZIP Codes

41,247

Counties

3,143

FMR Records

206,235

Investment Scores

41,247

Connecting to data sources...

2025 FMR Data Now Available

Know your markets. Find your edge.

Search HUD Fair Market Rent data across 41,000+ ZIP codes. Analyze Section 8 investment opportunities with precision tools built for serious investors.

41,000+ ZIP codesFMR & SAFMR dataUpdated annually

Markets are moving. Stay ahead.

Track year-over-year FMR changes across the country

New York, NY+5.2%|

Austin, TX+8.1%|

Miami, FL+3.7%|

Phoenix, AZ+6.4%|

Seattle, WA+4.9%|

Denver, CO+5.8%|

Nashville, TN+7.2%|

Charlotte, NC+4.3%|

Atlanta, GA+5.5%|

Dallas, TX+6.1%|

Portland, OR+3.9%|

San Diego, CA+4.7%|

New York, NY+5.2%|

Austin, TX+8.1%|

Miami, FL+3.7%|

Phoenix, AZ+6.4%|

Seattle, WA+4.9%|

Denver, CO+5.8%|

Nashville, TN+7.2%|

Charlotte, NC+4.3%|

Atlanta, GA+5.5%|

Dallas, TX+6.1%|

Portland, OR+3.9%|

San Diego, CA+4.7%|

Features

Everything for smarter investing

Tools for data-driven Section 8 decisions.

Features

Everything you need for smarter investing

From quick rent lookups to deep market analysis, fmr.fyi gives you the data edge for Section 8 investing.

Instant FMR Lookup

Search by address, ZIP, city, county, or state. Get FMR and SAFMR data for 0-4 bedroom units instantly.

Investment Scores

ZIP-level scores based on net yield, rent-to-price ratios, and rental demand indicators.

Cash Flow Calculator

Estimate monthly cash flow with mortgage, taxes, insurance, and management costs built in.

Interactive Maps

Choropleth maps showing investment scores by county. Click to explore market details.

Shortlist & Compare

Save promising markets, compare FMR, yield, property values, taxes, demand, and confidence side by side.

Historical Trends

Track FMR changes over time to identify rising markets and forecast future rents.

Chrome Extension

See FMR data while browsing Zillow, Redfin, and Realtor.com. Calculate cash flow on any listing.

Instant FMR Lookup

Search by address, ZIP, city, county, or state. Get FMR and SAFMR data for 0-4 bedroom units instantly.

Investment Scores

ZIP-level scores based on net yield, rent-to-price ratios, and rental demand indicators.

Cash Flow Calculator

Estimate monthly cash flow with mortgage, taxes, insurance, and management costs built in.

Interactive Maps

Choropleth maps showing investment scores by county. Click to explore market details.

Shortlist & Compare

Save promising markets, compare FMR, yield, property values, taxes, demand, and confidence side by side.

Historical Trends

Track FMR changes over time to identify rising markets and forecast future rents.

Chrome Extension

See FMR data while browsing Zillow, Redfin, and Realtor.com. Calculate cash flow on any listing.

Loading investment map...

Cash Flow Calculator

Know your numbers before you buy

Cash Flow Calculator

Know your numbers before you buy

Calculate monthly cash flow or find your maximum purchase price using real HUD rent data

Real-time analysis

Data-driven deal analysis

Pick a market. We automatically pull HUD Fair Market Rent, local tax rates, and current mortgage rates. Enter a price — or a cash flow target — and get your answer instantly.

Auto-filled from real data

HUD FMR

Official rent limits

Census ACS

Property tax rates

Daily Rates

Current mortgage rates

Your Settings

Saved preferences

Try the Calculator

Steubenville, OH43952

Real market data • 20% down • 30-yr mortgage

Fair Market Rent (3BR)$0

Purchase Price$0

Mortgage (P&I)-$481

Property Taxes-$78

Insurance-$150

Property Management-$129

Maintenance-$64

Monthly Cash Flow$0

How It Works

Search to decision in minutes

How It Works

From search to decision in minutes

A streamlined workflow that turns rent data into confident investment decisions.

Search & Analyze

See what Section 8 actually pays

Run the Numbers

Know your cash flow before you buy

Choose the Right Market

Invest where the math works

Accelerate Your Search

Analyze listings in real time

Search & Analyze

See what Section 8 actually pays

Get FMR and SAFMR data for any address, ZIP, or city. Compare rent limits by bedroom and track trends.

Run the Numbers

Know your cash flow before you buy

Input price and expenses. See monthly cash flow and ideal purchase price.

Choose the Right Market

Invest where the math works

Find high-scoring ZIPs and counties with interactive maps and rankings.

Accelerate Your Search

Analyze listings in real time

View FMR and cash flow projections directly on property listings — tailored to your financial strategy.

Built on real data

Coverage you can trust for Section 8 investing.

00,000+

ZIP codes

States

00+

Years data

Daily

Updates

Start analyzing markets today

Ready to find your next Section 8 investment?

Join investors using fmr.fyi to identify high-yield rental markets with confidence.

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Chrome Extension

Try it yourself

See exactly what Section 8 pays — before you invest your time.

●fmr.fyi/zip/90210

90210

1 Bedroom

+2.8%YoY

2 Bedroom

+4.1%YoY

3 Bedroom

+3.5%YoY

Access FMR data for 41,000+ ZIP codes across all 50 states