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Fair Market Rent Lookup
Find HUD Fair Market Rent data for any ZIP code. See 2026 payment standards for all bedroom sizes and year-over-year changes.
Understanding Fair Market Rent
Fair Market Rent (FMR) is a key component of the Housing Choice Voucher (Section 8) program. HUD calculates FMR annually to reflect the cost of modest, non-luxury rental housing in each geographic area.
How FMR Is Calculated
HUD uses American Community Survey (ACS) data to estimate the 40th percentile of gross rents (rent plus tenant-paid utilities) for standard quality units. This means 40% of rental units in an area rent for less than the FMR, and 60% rent for more.
FMR vs. Payment Standard
FMR is the baseline set by HUD. Your voucher's Payment Standard is set by your local PHA, typically between 90-110% of FMR — PHAs may request HUD approval for payment standards up to 120% in high-cost areas.
Frequently Asked Questions
What is Fair Market Rent (FMR)?
Fair Market Rent 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 for standard quality units. PHAs use FMR to set voucher payment standards.
What's the difference between FMR and SAFMR?
Standard FMR is set at the metropolitan or county level, while Small Area FMR (SAFMR) is set at the ZIP code level. SAFMR provides more accurate rent values for specific neighborhoods, allowing voucher holders to access higher-cost areas with better schools and opportunities.
How does FMR affect my voucher?
Your voucher's payment standard is based on FMR. PHAs can set payment standards between 90-110% of FMR (or higher with HUD approval). Higher FMR means your voucher covers more rent, giving you access to more housing options.
When is FMR updated?
HUD publishes new FMR data each fiscal year, typically effective October 1st. The data is based on American Community Survey (ACS) estimates and reflects recent rental market conditions.
Can my landlord charge more than the FMR?
Yes, landlords can charge any amount they choose. However, the rent must be 'reasonable' compared to similar unassisted units, and if the rent exceeds the payment standard, you (the tenant) pay the difference, subject to the 40% affordability cap.
How do I find my local PHA's payment standard?
Payment standards vary by PHA. Contact your local housing authority directly or check their website. Use our FMR lookup as a baseline, knowing that payment standards are typically 90-110% of the FMR shown.