Fair market rent

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Definitions: This indicator provides estimates on fair market rent for a three-bedroom housing in a given fiscal year. Fair market rents represent the 40th percentile gross rent and determine the eligibility of rental housing units for the Section 8 Housing Assistance Payments program. State data is an average of county data.

Data Source: All Fair Market Rent (FMR) data were obtained from the web site of the U.S. Office of Housing and Urban Development (HUD). The URL is as follows: http://www.huduser.org/datasets/FMR.