Fair Market Rent Lookup: FMR by ZIP Code for 2026
February 12, 2026 • VoucherRents Research Team
What is Fair Market Rent?
FMR is the amount HUD determines is necessary to pay for moderately-priced rental housing in a specific area. It represents the 40th percentile of gross rents—meaning 40% of units rent for less than FMR, 60% rent for more.
FMR vs. SAFMR
Standard FMR: Set at metro/county level, one rate for entire area. Small Area FMR (SAFMR): Set at ZIP code level, reflects neighborhood-level rents, allows access to higher-cost opportunity areas.
FMR vs. Payment Standard
FMR is set by HUD as a baseline. Payment Standard is set by your local PHA, typically 90-110% of FMR. Always contact your PHA for exact payment standards.
Typical FMR by Bedroom Size
Studio: ~75% of 2BR FMR. 1 Bedroom: ~85%. 2 Bedroom: 100% (base). 3 Bedroom: ~128%. 4 Bedroom: ~145%.