Fair Market Rent Atlas
FY2025 HUD Fair Market Rent by ZIP — use as a rent floor for Section 8 underwriting and buy-and-hold cash flow estimates. No guesswork, just published HUD numbers.
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FMR by City & ZIP
Click a ZIP below to see FY2025 HUD Fair Market Rents for studio through 4-bedroom units. FMR is a HUD underwriting standard — not guaranteed street rent.
Atlanta, GA
3 ZIPs available
Baltimore, MD
3 ZIPs available
Birmingham, AL
1 ZIP available
Cleveland, OH
2 ZIPs available
Detroit, MI
2 ZIPs available
Jacksonville, FL
3 ZIPs available
Memphis, TN
3 ZIPs available
Milwaukee, WI
3 ZIPs available
Orlando, FL
3 ZIPs available
What is Fair Market Rent?
Fair Market Rent (FMR) is the U.S. Department of Housing and Urban Development's (HUD) estimate of what a property would rent for in the current market. HUD publishes FMR annually for every ZIP code to establish Section 8 voucher payment maximums.
Investors use FMR in two main ways:
- Section 8 ceiling: If you accept Section 8 vouchers, FMR sets the maximum rent the voucher will cover. You can't charge a voucher tenant more than FMR for that unit type.
- Underwriting baseline: When rent comps or Zillow Rent Zestimate are unavailable, investors use FMR as a conservative rent estimate to calculate cash flow and cap rate.
Important: FMR is not a promise of street rent. It's a HUD payment standard. Always verify rent with recent comps, Zillow, or RentCast before finalizing your offer.
How to Use FMR in Your Deal Analysis
Check FMR for Your ZIP
Look up the ZIP you're analyzing to see HUD's FY2025 FMR by bedroom count. Use it as a rent floor for buy-and-hold or BRRRR strategies.
Verify Rent with Comps
FMR is a baseline — not a guarantee. Cross-check with Zillow Rent Zestimate, recent rent comps, or ask a local property manager for street rent.
Paste Address in DealBeast
Get ARV, rehab cost, rent estimate, cash flow, and MAO in under 30 seconds. DealBeast pulls Zillow rent when available, or you can plug in FMR manually.
Stop Guessing Rent. Start Using Data.
Paste any address into DealBeast for ARV, MAO, cash flow, and rent — all in one screen. 3 free analyses every day.