Definition
This monthly rental amount standard is a HUD derived value reflective of the local rental market. Fair Market Rents (FMRs) are used to determine payment standard amounts for the Housing Choice Voucher program and many other HUD administered housing assistance programs. Generally, HUD will set the FMRs at the 40th percentile gross rents for standard quality units within the local area.
For more information about Fair Market Rent, visit the HUD FMR dataset website.
