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 March 17, 2022.
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”.
HUD releases 2023 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
HUD releases 2022 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
HUD releases 2021 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
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.
HUD releases 2019 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
HUD releases 2018 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
HUD releases 2017 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …
HUD releases 2016 median rents by zip code to be used in the mandatory market rent threshold test for Rent Comparability Studies …