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Fair Market Rents, Oct 2023 - Sept 2024

Identification Information
Citation
Publication Date
20231206
Title
Fair Market Rents, Oct 2023 - Sept 2024
Geospatial Data Presentation Form
vector digital data
Collection Title
U.S. Department of Housing and Urban Development Maps and GIS Data
Publication Information
Publication Place
Publisher
United States. Department of Housing and Urban Development
Abstract
Fair Market Rents (FMRs) represent the estimated amount (base rent + essential utilities) that a property in a given area typically rents for. The data is primarily used to determine payment standard amounts for the Housing Choice Voucher program; however, FMRs are also used to: Determine initial renewal rents for expiring project-based Section 8 contracts; Determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants (ESG) program; Calculate of maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and; Calculate flat rent amounts in Public Housing Units. Data is updated annualy in accordance with 42 USC 1437f which requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year, October 1st.In order to calculate rents for units with more than four bedrooms, an extra 15% cost is added to the four bedroom unit value. The formula is to multiply the four bedroom rent by 1.15. For example, in FY21 the rent for a four bedroom unit in the El Centro, California Micropolitan Statistical Area is $1,444. The rent for a five bedroom unit would be $1,444 * 1.15 or $1,661. Each subsequent bedroom is an additional 15%. A six bedroom unit would be $1,444 * 1.3 or $1,877. These values are not included in the feature service. To learn more about Fair Market Rents visit: https://www.huduser.gov/portal/datasets/fmr.html/ Data Dictionary: DD_Fair Market Rents Date of Coverage: FY2024 : Oct. 1 - Sept. 30
Purpose
Fair Market Rents (FMRs) are primarily used to determine payment standard amounts for the Housing Choice Voucher program.
Temporal Extent
Currentness Reference
ground condition
Time Period
Beginning
20231001
End
20240901
Bounding Box
West
-179.147339
East
179.778467
North
71.390482
South
-14.548692
Theme Keyword
Housing
Housing Choice Voucher Program (U.S.)
Theme Keyword Thesaurus
lcsh
Theme Keyword
boundaries
economy
location
society
Theme Keyword Thesaurus
ISO 19115 Topic Categories
Place Keyword
United States
Place Keyword Thesaurus
geonames
Temporal Keyword
Access Restrictions
Other Constraints
Use Restrictions
HUD and the dataset and metadata authors assume no responsibility for the use or misuse of the dataset. No warranty, expressed or implied is made with regard to the accuracy of the spatial accuracy, and no liability is assumed by the U.S. Government in general, the dataset creators or the U.S. Department of Housing and Urban Development specifically, as to the spatial or attribute accuracy of the data.
Status
Complete
Maintenance and Update Frequency
Annually
Point of Contact
Contact Organization
U.S. Department of Housing and Urban Development
Delivery Point
451 7th Street SW rm. 8126
City
Washington
State
D.C.
Postal Code
20410-0001
Country
US
Contact Telephone
202-402-4153
Contact Electronic Mail Address
GIShelpdesk@hud.gov
Credit
U.S. Department of Housing and Urban Development
Native Data Set Environment
Esri ArcGIS 12.9.3.32739
Collection
Title
U.S. Department of Housing and Urban Development Maps and GIS Data
Spatial Data Organization Information
Direct Spatial Reference Method
Vector
Point and Vector Object Information
SDTS Terms Description
SDTS Point and Vector Object Type
GT-polygon composed of chains
Point and Vector Object Count
2602
Entity and Attribute Information
Entity Type
Entity Type Label
Fair Market Rents
Entity Type Definition
Fair Market Rents (FMRs) are primarily used to determine payment standard amounts for the Housing Choice Voucher program.
Entity Type Definition Source
U.S. Department of Housing and Urban Development
Attributes
OBJECTID
Internal feature number. (Sequential unique whole numbers that are automatically generated.)
Definition Source
Esri
FMR_AREANAME
Fair market name
Definition Source
HUD Authors
FMR_CODE
Fair market code
Definition Source
HUD Authors
FMR_0BDR
Fair market rent for efficiency apartments
Definition Source
HUD Authors
FMR_1BDR
Fair market rent for one bedroom apartments
Definition Source
HUD Authors
FMR_2BDR
Fair market rent for two bedroom apartments
Definition Source
HUD Authors
FMR_3BDR
Fair market rent for three bedroom apartments
Definition Source
HUD Authors
FMR_4BDR
Fair market rent for four bedroom apartments
Definition Source
HUD Authors
SHAPE
The characteristic appearance or visible form of a geographic object as represented on a map (Coordinates defining the features.)
Definition Source
HUD Authors
SHAPE_Length
Length of feature in internal units. (Positive real numbers that are automatically generated.)
Definition Source
Esri
SHAPE_Area
Area of feature in internal units squared. (Positive real numbers that are automatically generated.)
Definition Source
Esri
Distribution Information
Distributor
Stanford Geospatial Center
Metadata Reference Information
Metadata Date
20231206
Metadata Contact
Contact Information
Contact Organization Primary
Contact Organization
Stanford Geospatial Center
Contact Address
Address
Mitchell Bldg. 2nd floor
Address
397 Panama Mall
City
Stanford
State or Province
California
Postal Code
94305
Country
US
Contact Voice Telephone
650-723-2746
Contact Electronic Mail Address
brannerlibrary@stanford.edu
Metadata Standard Name
FGDC Content Standard for Digital Geospatial Metadata
Metadata Standard Version
FGDC-STD-001-1998

Fair Market Rents, Oct 2023 - Sept 2024

Identification Information

Citation
Title
Fair Market Rents, Oct 2023 - Sept 2024
Publisher
United States. Department of Housing and Urban Development
Publication Date
2023-12-06
Identifier
https://purl.stanford.edu/ht981xn6857
Geospatial Data Presentation Form
mapDigital
Collection Title
U.S. Department of Housing and Urban Development Maps and GIS Data
Abstract
Fair Market Rents (FMRs) represent the estimated amount (base rent + essential utilities) that a property in a given area typically rents for. The data is primarily used to determine payment standard amounts for the Housing Choice Voucher program; however, FMRs are also used to: Determine initial renewal rents for expiring project-based Section 8 contracts; Determine initial rents for housing assistance payment (HAP) contracts in the Moderate Rehabilitation Single Room Occupancy program (Mod Rehab), rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants (ESG) program; Calculate of maximum award amounts for Continuum of Care recipients and the maximum amount of rent a recipient may pay for property leased with Continuum of Care funds, and; Calculate flat rent amounts in Public Housing Units. Data is updated annualy in accordance with 42 USC 1437f which requires FMRs be posted at least 30 days before they are effective and that they are effective at the start of the federal fiscal year, October 1st.In order to calculate rents for units with more than four bedrooms, an extra 15% cost is added to the four bedroom unit value. The formula is to multiply the four bedroom rent by 1.15. For example, in FY21 the rent for a four bedroom unit in the El Centro, California Micropolitan Statistical Area is $1,444. The rent for a five bedroom unit would be $1,444 * 1.15 or $1,661. Each subsequent bedroom is an additional 15%. A six bedroom unit would be $1,444 * 1.3 or $1,877. These values are not included in the feature service. To learn more about Fair Market Rents visit: https://www.huduser.gov/portal/datasets/fmr.html/ Data Dictionary: DD_Fair Market Rents Date of Coverage: FY2024 : Oct. 1 - Sept. 30
Purpose
Fair Market Rents (FMRs) are primarily used to determine payment standard amounts for the Housing Choice Voucher program.
Temporal Extent
Currentness Reference
ground condition
Time Period
Begin
2023-10-01T00:00:00
End
2024-09-01T00:00:00
Bounding Box
West
-179.147339
East
179.778467
North
71.390482
South
-14.548692
Bounding Box
West
-179.147339
East
179.778467
North
71.390482
South
-14.548692
ISO Topic Category
boundaries
economy
location
society
Place Keyword
United States
Place Keyword Thesaurus
geonames
Theme Keyword
Housing
Housing Choice Voucher Program (U.S.)
Theme Keyword Thesaurus
lcsh
Resource Constraints
Use Limitation
HUD and the dataset and metadata authors assume no responsibility for the use or misuse of the dataset. No warranty, expressed or implied is made with regard to the accuracy of the spatial accuracy, and no liability is assumed by the U.S. Government in general, the dataset creators or the U.S. Department of Housing and Urban Development specifically, as to the spatial or attribute accuracy of the data.
Legal Constraints
Access Restrictions
otherRestrictions
Other Restrictions
Other Constraints
Legal Constraints
Use Restrictions
otherRestrictions
Other Restrictions
This work is in the Public Domain, meaning that it is not subject to copyright.
Security Constraints
Status
completed
Maintenance and Update Frequency
annually
Collection
Collection Title
U.S. Department of Housing and Urban Development Maps and GIS Data
URL
https://purl.stanford.edu/ht981xn6857
Language
eng
Credit
U.S. Department of Housing and Urban Development
Point of Contact
Contact
HUD eGIS Team
Delivery Point
451 7th Street SW rm. 8126
City
Washington
Administrative Area
D.C.
Postal Code
20410-0001
Country
US
Email
GIShelpdesk@hud.gov
Phone
202-402-4153

Spatial Reference Information

Reference System Identifier
Code
3857
Code Space
EPSG
Version
6.18.3(9.3.1.2)

Distribution Information

Format Name
Shapefile
Distributor
Stanford Geospatial Center
Online Access
Protocol
Name

Content Information

Feature Catalog Description
Compliance Code
false
Language
eng
Included With Dataset
true
Feature Catalog Citation
Title
Entity and Attribute Information
Feature Catalog Identifier
4ad89435-ca24-4e1e-9e0f-9566ee6a628bUUID

Spatial Representation Information

Vector
Topology Level
geometryOnly
Vector Object Type
composite
Vector Object Count
2602

Metadata Reference Information

Hierarchy Level
dataset
Metadata File Identifier
https://purl.stanford.edu/ht981xn6857
Parent Identifier
https://purl.stanford.edu/wc590wy7475.mods
Dataset URI
https://purl.stanford.edu/ht981xn6857
Metadata Date Stamp
2023-12-06
Metadata Standard Name
ISO 19139 Geographic Information - Metadata - Implementation Specification
Metadata Standard Version
2007
Character Set
utf8
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