October 4, 2013 in Fair Market Rents (FMR)

Final 2014 FMRs Released

Final 2014 FMRs Released

The Federal Register for Thursday, October 3, 2013 shows the FY 2014 Fair Market Rents (FMRs).

The release includes the FMRs for Public & Indian Housing (PIH) programs such as Housing Choice Vouchers, Moderate Rehabilitation and project- based vouchers.  It also lists the final FY 2014 FMRs for all areas that reflect the estimated 40th and 50th percentile rent levels trended to April 1, 2014.

In general, the FMR for an area is the amount needed to pay the rent and utilities of privately owned, decent, safe rental housing of a modest (non-luxury) nature, with suitable amenities.

The FY 2014 FMRs are based on 5-year, 2007–2011 data collected by the American Community Survey (ACS).

Download the Federal Register pdf.