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FY2017 Hypothetical Small Area FMRs For ,

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

is part of the .

, Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
06409 $620 $760 $950 $1,190 $1,340 0.837
06412 $760 $940 $1,180 $1,480 $1,660 1.036
06413 $790 $980 $1,220 $1,530 $1,720 1.070
06414 $760 $940 $1,180 $1,480 $1,660 1.035
06415 $790 $870 $1,130 $1,500 $1,720 1.045
06416 $780 $960 $1,200 $1,500 $1,690 1.052
06417 $660 $820 $1,020 $1,280 $1,440 0.900
06419 $760 $940 $1,180 $1,480 $1,660 1.035
06420 $850 $930 $1,210 $1,610 $1,840 1.115
06422 $1,100 $1,360 $1,700 $2,130 $2,390 1.689
06423 $1,100 $1,360 $1,700 $2,130 $2,390 1.501
06424 $780 $960 $1,200 $1,500 $1,690 1.058
06426 $1,070 $1,320 $1,650 $2,060 $2,320 1.449
06438 $760 $940 $1,180 $1,480 $1,660 1.035
06441 $690 $850 $1,060 $1,330 $1,490 0.936
06442 $820 $1,010 $1,260 $1,580 $1,770 1.107
06455 $760 $940 $1,180 $1,480 $1,660 1.035
06456 $760 $940 $1,180 $1,480 $1,660 1.035
06457 $730 $900 $1,130 $1,410 $1,590 0.991
06459 $760 $940 $1,180 $1,480 $1,660 1.035
06469 $910 $1,130 $1,410 $1,760 $1,990 1.241
06475 $1,100 $1,360 $1,700 $2,130 $2,390 1.616
06480 $780 $960 $1,200 $1,500 $1,690 1.054
06481 $650 $810 $1,010 $1,260 $1,420 0.892
06498 $760 $940 $1,170 $1,460 $1,650 1.030

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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