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References in periodicals archive ?
Average fair market rents rose faster than average weekly wages in 394 of the 755 counties analyzed in the report (52 percent), including Los Angeles County, California; Cook County (Chicago), Illinois; Harris County (Houston), Texas; Maricopa County (Phoenix), Arizona; and San Diego County, California.
Department of Housing and Urban Development's (HUD) Fair Market Rents. Fair Market Rents are well-suited for their intended purpose--setting payment standards for assisted housing programs--but are not ideal for the more extensive analysis in this article.
On average, across all 461 counties, fair market rents as set by the Department of Housing and Urban Development (HUD) represented 28 percent of estimated median household income while monthly house payments on a median-priced home represented 24 percent of estimated median income.
The counties that saw the greatest growth in the number of baby boomers had average household incomes of $46,268, average populations of 261,232, median home prices of $144,875 and average fair market rents for three bedroom apartments of $1,182.
The firm analyzed average fair market rents for three-bedroom homes in 370 U.S.
Introducing Guest Beer and Market Rent Only options will deliver fair market rents and ensure licensees are able to buy beer at competitive prices.
The properties could continue to stand as rentals to capitalize on existing fair market rents and as significant upside for a long term investor.
Findings from the annual report are based on the group's analysis of data from the Census Bureau and HUD's calculations of fair market rents in each state, county and metropolitan area.
Fair Market Rents are used to calculate the maximum subsidy HUD provides households with Section 8 vouchers.
The paper, "The Gains From Right to Rent," analyzes the costs of renting versus owning a house in several major cities and finds that the fair market rents in these metropolitan areas are often much lower than the cost of ownership.
The measure establishes how HUD must distribute its voucher renewal funding and makes many program changes, including rent setting, portability, fair market rents, project-based vouchers and more.