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FACTSHEETS - FY 2004 Fair Market Rents (FMRs): Los Angeles HUD Jurisdiction
The FMRs for Orange, San Diego and Vetura Counties are now based on the 50th percentile. Other counties are based on the 40th percentile.
In the table below are the Fair Market Rent Schedules for use in the Existing Housing Certificate program, Loam Management and Property Disposition Programs, Moderate Rehabilitation and Housing Voucher Programs:
Effective 2004
Metropolitan Statistical Area Bakersfield, CA MSA Los Angeles-Long Beach, CA PMSA Orange County, CA PMSA Rivershide - San Bernardino, CA PMSA San Diego, CA MSA San Luis Obispo - Atascadero-Paso Robles, CA MSA Santa Barbara-Santa Maria-Lompoc, CA MSA The FMRs are gross rent estimates; they include shelter rent and the cost of utilities, except telephone. HUD sets FMRs at the 40th or 50th percentile rent distribution of standard quality rental housing units. The 40th and 50th percentile rents are drawn from the distribution of rents of units which are occupied by recent movers (renter households who moved into their units within the past 15 months). Public housing units and newly built units less than two years old are excluded. Data sources for the base-year FMR estimates include: (1) The 1990 Census; 2) the Random Digit Dialing (RDD) telephone surveys conducted since the Census; and (3) the post-1990 Census American Housing Surveys available at the time of FMR publication. Manufactured Home Space FMR's are established at 40 percent of the Section 8 Rental Certificate Program two-bedroom FMR, unless otherwise noted. 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 bedrooms FMR. FMRs for single-room-occupancy (SRO) units are 0.75 times the 0 bedroom FMR.
Disclaimer of Liability:
The information contained in this material is for the sole purpose of providing general information only, and must not be construed as legal advice, or take the place of competent legal counsel. Do not rely on these materials without consulting an attorney concerning your situation. The dissemination of this information does not create an attorney-client relationship and does not seek to represent you based upon your visit or review of this information.
Every effort has been made to ensure the information contained in the material is current. However, the law does change and the general information contained within may become dated. You should seek the advice of legal counsel for specific situations and advice to the "then existing" status of the law.