FY2024 Fair Market Rents — Miami-Fort Lauderdale-Pompano Beach, FL HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2024 in this area are:

Studio
$1,470
1BR
$1,716
2BR
$2,096
3BR
$2,894
4BR
$3,436
Hours/week at min wage
116 hrs
to afford the 2BR FMR @ $14.00/hr (FL)
National rank
#38
of 646 U.S. metros (top 7% most expensive)
YoY change (2BR)
+2.6%
+$53 vs FY2023 · 5-yr +13.5%
Voucher payment standard
$1,886–$2,306
PHAs set HCV payment at 90–110% of the 2BR FMR

Miami-Fort Lauderdale-Pompano Beach, FL HUD Metro FMR Area

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

FY2024 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,470 $17,640
1-Bedroom $1,716 $20,592
2-Bedroom $2,096 $25,152
3-Bedroom $2,894 $34,728
4-Bedroom $3,436 $41,232

Recent 2-Bedroom FMR Trend

FY2018 $1,800 → FY2024 $2,096
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2024 $1,470 $1,716 $2,096 $2,894 $3,436
FY2023 $1,511 $1,777 $2,043 $2,655 $3,023
FY2022 $1,474 $1,733 $1,992 $2,589 $2,948
FY2021 $1,437 $1,689 $1,942 $2,524 $2,874
FY2020 $1,401 $1,647 $1,894 $2,462 $2,803
FY2019 $1,366 $1,606 $1,846 $2,399 $2,732
FY2018 $1,332 $1,566 $1,800 $2,340 $2,664

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $75,200

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $15,791 $18,048 $20,304 $22,560 $24,364 $26,169
50% AMI (Very Low) $26,320 $30,080 $33,840 $37,600 $40,608 $43,616
80% AMI (Low) $42,112 $48,128 $54,144 $60,160 $64,972 $69,785

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$25,152/yr
FMR as % of Area Median Income
33.4% of AMI
Above 30% — cost-burdened at median income
Income Needed (30% rule, 2BR)
$83,840/yr
$6,987/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 $658 $752 $846 $1,015 $1,090
60% AMI Maximum $789 $902 $1,015 $1,218 $1,308

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 $1,222 $1,222 $1,222 $1,222 $1,222
Low HOME Rent $658 $752 $846 $940 $1,015

Compare Miami-Fort Lauderdale-Pompano Beach, FL HUD Metro FMR Area With Other FL Metros

vs. Baker County, FL HUD Metro FMR Area vs. Cape Coral-Fort Myers, FL MSA vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area vs. Fort Lauderdale, FL HUD Metro FMR Area

Counties in This FMR Area

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