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Resource · Fair Market Rents

The FY 2027 FMRs went up almost everywhere.
Where most people live, they went down.

All 2,606 area-wide FMR areas, FY 2026 against FY 2027, at every bedroom size. The median area rose 4.2 percent. Weighted by the people who live there, the increase is 2.4 percent — and 466 areas came down.

These figures take effect October 1, 2026 unless HUD receives a valid request to reevaluate a particular area. Comments were due October 1, 2026; supporting survey data is due January 8, 2027, and any revised FMRs are published in April 2027.

36.3%
of the population lives in an FMR area where the two-bedroom Fair Market Rent is lower on October 1 than it was on September 30. In ESG that number is a ceiling on gross rent. In CoC rental assistance it sizes the grant. In the voucher program it is a starting point a PHA can move within. Same number, three different consequences.
HUD User FY27 + FY26 FMR files · Compiled 09/01/2026
Unit size
At the 90% floor Decrease Increase

How the change is distributed

Every area-wide FMR area, grouped by how much the two-bedroom FMR changed from FY 2026 to FY 2027. The leftmost bar is the group HUD held harmless: areas whose calculated FMR fell more than 10 percent, where the published figure was floored at 90 percent of last year’s.

Smaller units gained the most

The FY 2027 bedroom ratios push more of the increase into the smallest units. The gap between the median area and the population-weighted average is the rural-urban split: the many small areas moved up, the few large ones did not.

Median area versus population-weighted average change, by unit size. Population weights use 2024 population for each FMR area.

The twenty-five largest FMR areas

Each line runs from the FY 2026 published FMR to the FY 2027 figure. Los Angeles and Chicago moved up sharply. Dallas, Houston, Phoenix, San Diego and Atlanta came down.

State by state

Population-weighted change across all FMR areas in each state and territory. Arizona is the steepest decline of any state, and Phoenix is nearly all of it — Tucson is essentially flat.

Weighted by 2024 population. States with a single FMR area, and the territories, move with that one area.

Every FMR area

Search by area name or two-letter state code. Click a column to sort. These are the published area-wide FMRs — not Small Area FMRs, which apply only to tenant-based assistance under the Housing Choice Voucher program in designated metropolitan areas (24 CFR 888.113(c)).

FMR area Population FY 2026 FY 2027 Change Percent

Primary sources

The notice

The data

The rules

Prepared by Padmission · Compiled from HUD’s published FY 2027 and FY 2026 FMR files on 09/01/2026 · Reference material for planning purposes, not legal advice · Confirm program-specific questions with your HUD field office