FY2025 Fair Market Rents — Sussex County, DE HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio
$1,031
1BR
$1,066
2BR
$1,398
3BR
$1,763
4BR
$2,197
Hours/week at min wage
72 hrs
to afford the 2BR FMR @ $15.00/hr (DE)
National rank
#200
of 639 U.S. metros (top 32% most expensive)
YoY change (2BR)
+7.7%
+$100 vs FY2024 · 5-yr +47.5%
Voucher payment standard
$1,258–$1,538
PHAs set HCV payment at 90–110% of the 2BR FMR

Sussex County, DE HUD Metro FMR Area

Metropolitan area · DE · View full history · Income limits · LIHTC rents

FY2025 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,031 $12,372
1-Bedroom $1,066 $12,792
2-Bedroom $1,398 $16,776
3-Bedroom $1,763 $21,156
4-Bedroom $2,197 $26,364

Recent 2-Bedroom FMR Trend

FY2019 $1,053 → FY2025 $1,398
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2025 $1,031 $1,066 $1,398 $1,763 $2,197
FY2024 $909 $988 $1,298 $1,656 $2,037
FY2023 $744 $840 $1,106 $1,443 $1,758
FY2022 $651 $733 $964 $1,289 $1,515
FY2021 $641 $732 $965 $1,306 $1,506
FY2020 $637 $731 $948 $1,369 $1,549
FY2019 $707 $812 $1,053 $1,521 $1,721

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $106,000

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $20,550 $23,450 $26,400 $31,200 $36,580 $41,960
50% AMI (Very Low) $34,200 $39,100 $44,000 $48,850 $52,800 $56,700
80% AMI (Low) $54,750 $62,550 $70,350 $78,150 $84,450 $90,700

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$16,776/yr
FMR as % of Area Median Income
15.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$55,920/yr
$4,660/mo gross income

FY2024 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $927 $1,060 $1,192 $1,431 $1,536
60% AMI Maximum $1,113 $1,272 $1,431 $1,717 $1,844

FY2024 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $909 $988 $1,298 $1,656 $1,722
Low HOME Rent $855 $977 $1,100 $1,221 $1,320

Compare Sussex County, DE HUD Metro FMR Area With Other DE Metros

vs. Dover, DE MSA vs. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

Counties in This FMR Area

Related Pages