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Just Released: FY 2005 Fair Market Rents

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HUD has recently released The Fair Market Rents (FMR) for
fiscal year 2005, effective October 1, 2004.

Fair Market Rents serve as the basis for the payment
standards used to calculate subsidies under the Rental
Voucher program. HUD annually estimates FMRs for 354
metropolitan areas and 2,350 nonmetropolitan county FMR
areas.

FMRs are gross rent estimates. They include the shelter
rent plus the cost of all utilities, except telephones.
In most jurisdictions, the FMR is the 40th percentile
rent; i.e., the 40th percentile in the distribution of
rents of all units occupied by recent movers (renter
households who moved to their present residence within
the past 15 months). Public housing units and units less
than 2 years old are excluded.

The final FY2005 FMRs are rebenchmarked using 2000 Census
rent data and random digit dialing surveys conducted in
August 2004, but use the same geographic area definitions
as were used for the FY2004 FMRs.

The FY 2005 Fair Market Rents are available as a free
download from HUD USER at
https://www.huduser.gov/portal/datasets/fmr.html#2005_data
or by calling 1-800-245-2691.

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Please contact HUD USER at:
HUD USER
P.O. Box 23268
Washington, DC 20026-3268
1-800-245-2691
1-800-927-7589 (TDD)
202-708-9981 (fax)
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