What are Fair Market Rents?

Last updated on Dec 21, 2022

1 min read

Click Here to Get Financing

In this article:

Fair Market Rents Definition
To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.
Get Financing

Newly Published

Nov 30 at HUD 223(a)(7) Loans
Do HUD 223(a)(7) Loans Allow Prepayment?

Nov 29 at HUD 223(a)(7) Loans
What is a Single Asset Entity (SAE)?

Nov 29 at HUD 223(a)(7) Loans
What is a Seismic Report?

Explore the Janover Network

Jan 4 at Multifamily Loans
5 Best Multifamily Investment Markets of 2023 by Growing Property Values

Jan 3 at Multifamily Loans
Multifamily Minute Reader Reflections: Buying, Selling, and Refinancing in 2023

Jan 2 at Multifamily Loans
Top 10 Multifamily Lenders of 2023

Fair Market Rents Definition

Fair Market Rents, or FMRs, are rents in a local market’s average price range. These are used by HUD to set maximum rents for certain HUD-insured loan programs. In general, fair market rents are only applicable to projects involved in the housing choice voucher program (Section 8), projects with certain expiring Section 8 contracts, and projects with certain kinds of SRO (single-room occupancy) housing.

To learn more about the HUD 223a7 refinance program, fill out the form below to speak to a HUD/FHA loan expert.

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing