HUD: Home Rent Limits

HOME Rent Limit data are available from FY 1998 to the present.
Per 24 CFR Part 92.252, HUD provides the following maximum HOME rent limits. The maximum HOME rents are the lesser of:
The fair market rent for existing housing for comparable units in the area as established by HUD under 24 CFR 888.111; or<br>
A rent that does not exceed 30 percent of the adjusted income of a
family whose annual income equals 65 percent of the median income for
the area, as determined by HUD, with adjustments for number of bedrooms
in the unit. The HOME rent limits provided by HUD will include average
occupancy per unit and adjusted income assumptions.
In rental projects with five or more HOME-assisted rental units,
twenty (20) percent of the HOME-assisted units must be occupied by very
low-income families and meet one of following rent requirements:
The rent does not exceed 30 percent of the annual income of a family
whose income equals 50 percent of the median income for the area, as
determined by HUD, with adjustments for smaller and larger families. HUD
provides the HOME rent limits which include average occupancy per unit
and adjusted income assumptions. However, if the rent determined under
this paragraph is higher than the applicable rent under 24 CFR
92.252(a), then the maximum rent for units under this paragraph is that
calculated under 24 CFR 92.252(a).<br>
The rent does not exceed 30 percent of the family's adjusted income.
If the unit receives Federal or State project-based rental subsidy and
the very low-income family pays as a contribution toward rent not more
than 30 percent of the family's adjusted income, then the maximum rent
(i.e., tenant contribution plus project-based rental subsidy) is the
rent allowable under the Federal or State project-based rental subsidy
program.
Fair Market Rents are established by HUD each year for the Section 8
Program. For more information on the annual calculation of Fair Market
Rents, visit the Fair Market Rents page.
The FMRs for unit sizes larger than 4 bedroom are calculated by
adding 15 percent to the 4 bedroom FMR for each extra bedroom. For
example, the FMR for a 5 bedroom unit is 1.15 times the 4 bedroom FMR,
and the FMR for a 6 bedroom unit is 1.30 times the 4 bedroom FMR, and so
on...
5 BR = 1.15 x 4 BR FMR<br>
6 BR = 1.30 x 4 BR FMR<br>
7 BR = 1.45 x 4 BR FMR<br>
8 BR = 1.60 x 4 BR FMR<br>
9 BR = 1.75 x 4 BR FMR<br>
10 BR = 1.90 x 4 BR FMR<br>
11 BR = 2.05 x 4 BR FMR<br>
12 BR = 2.20 x 4 BR FMR
Note: The FY 2024 HOME Rent Limits effective date is June 01, 2024.<br>***Microdata: Yes Level of Analysis: Local - FIPS, CBSA; Group - Income Limit; StateVariables Present: Yes File Layout: .xslx Codebook: No (2015) Yes (2016-2024) <br>Methods: Yes Weights (with appropriate documentation): No Publications: No Aggregate Data: No