2020 HUD Median Rent by Zip Code
HUD has recently published the new median zip code rents and the 140% thresholds - these numbers will be effective for any RCS signed by the owner’s appraiser on or after February 11, 2020.
Median Gross Rents are used to determine when HUD will procure a third-party RCS in conjunction with Section 8 Project-based Rental Assistance rent setting. Section 9-14 of the Section 8 Renewal Policy Guide provides instructions for comparing the median rents as derived by an owner’s appraiser in an RCS with Census Bureau estimates of the median rents in the project's zip code. If the rents in the owner's study exceed 140% of median zip code rent threshold, then HUD will require a third-party Rent Comparability Study (RCS).
For more information on the market rent threshold test, read our article “HUD Releases Mandatory Market Rent Threshold Test”.
