The tables on the summary page include links to complete detail on how the data were developed. After selecting the desired geography, the user is provided a page containing a summary of how the FY 2023 FMRs were developed and updated starting with the formation of the FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget, the newly available 2016-2020 American Community Survey (ACS) 5 year data, and updating to FY 2023 including information from local survey data. This system provides complete documentation of the development of the FY 2023 Fair Market Rents (FMRs) for any area of the country selected by the user. Fair Market Rents, as defined in 24 CFR 888.113 are estimates of 40th percentile gross rents for standard quality units within a metropolitan area or nonmetropolitan county.įair Market Rents: Overview (*.pptx, 1.63MB), (*.pdf, 1.23MB)įY 2023 Fair Market Rent Documentation System f requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year (generally October 1). Department of Housing and Urban Development (HUD) annually estimates FMRs for Office of Management and Budget (OMB) defined metropolitan areas, some HUD defined subdivisions of OMB metropolitan areas and each nonmetropolitan county. įair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial renewal rents for some expiring project-based Section 8 contracts, to determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants program, calculation of maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and calculation of flat rents in Public Housing units. To create an account and get an access token, please visit the API page here. With this API, developers can easily access and customize Fair Market Rents and Income Limits data for use in existing applications or to create new applications.

HUD’s Office of Policy Development and Research (PD&R) is pleased to announce that Fair Market Rents and Income Limits data are now available via an application programming interface (API).

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