What is HUD Fair Market Rent?
Fair Market Rent (FMR) is rent data published by the U.S. Department of Housing and Urban Development (HUD). FMRs are commonly used as a benchmark for rental assistance programs, including the Housing Choice Voucher (Section 8) program.
How to read FMR numbers
HUD publishes FMR values by bedroom size, typically 0-4 bedrooms. These figures estimate the rent for a modest unit in a given market. Different programs may apply local rules and may use payment standards above or below the published HUD FMR.
What is SAFMR?
Small Area Fair Market Rent (SAFMR) is HUD's ZIP-code-level version of Fair Market Rent for certain metropolitan areas. SAFMR is designed to reflect rent differences within a metro region where neighborhoods can vary widely.
Standard FMR is often published at a county or metro-area level. SAFMR can help identify which ZIP codes are relatively more expensive or more affordable compared to a broader market average.
On fmr.fyi, when a ZIP or area is designated for SAFMR, we label the result as SAFMR. If SAFMR is not applicable, we show the county or metropolitan FMR.
Use FMR for market research
Search by city, county, ZIP code, or address to see the latest HUD values alongside market rent, property value, yield, and investment score data.
FMR questions
What is Fair Market Rent?
Fair Market Rent is HUD rent data used as a benchmark for rental assistance programs, including the Housing Choice Voucher program.
What bedroom sizes does HUD publish?
HUD commonly publishes FMR values for 0, 1, 2, 3, and 4 bedroom units. Larger bedroom values can be derived from program rules.
What is the difference between FMR and SAFMR?
FMR is usually published for a broader county or metro area. SAFMR is ZIP-code-level Fair Market Rent for certain metropolitan areas.