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HUD Updates Fair Market Rents for 2024

On August 31, the Department of Housing and Urban Development (HUD) published the Fair Market Rents (FMRs) for FY 2024 and released an additional $113 million in Housing Choice Vouchers to public housing agencies to help families meet these growing costs. The FMRs are used to determine the maximum amount a Housing Choice Voucher will cover. Nationally, the FMRs increased by an average of 12%, expanding the number of units that families using vouchers can access. Click here to view the FY24 FMRs. For FAQs about FMRs, follow this link.

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