FMR trends by ZIP code.
Is the Section 8 rent ceiling rising or falling where you invest? Enter a ZIP and bedrooms — we compare this fiscal year’s HUD Fair Market Rent to last year’s. Free, no email required.
Trend looks good? Check the deal itself.
A rising FMR is tailwind, but the decision needs today’s numbers: the FMR, the market rent, and the monthly spread after costs for a specific address. Paste one and we’ll run it for you.
Free first report. No card required.
Why the FMR trend matters
HUD recalculates Fair Market Rents every fiscal year from fresh rent survey data, so the FMR moves with the local market — usually with a lag. For a Section 8 landlord that YoY change IS your built-in rent escalator: when the FMR climbs, the payment standard (90–110% of it) climbs with it, and you can request a rent increase at lease renewal to match.
A flat or falling FMR cuts the other way — new leases and renewals get squeezed even if the open market holds up. Two or three years of the trend tells you more about a Section 8 market’s direction than any single year’s number.
Data from HUD Fair Market Rents via the HUD USER API (current and prior fiscal year). Informational only — not investment advice.
More free tools: see today’s ceiling with the FMR lookup or compare it to market rent with the Section 8 premium tool.