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2020 HUD Fair Market Rents
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Final FY 2020 FMRs By Unit Bedrooms
EfficiencyOne-BedroomTwo-BedroomThree-BedroomFour-Bedroom
$1,488$1,808$2,239$3,042$3,720

Alameda County, California is part of the Oakland-Fremont, CA HUD Metro FMR Area, which consists of the following counties: Alameda County, CA; and Contra Costa County, CA. All information here applies to the entirety of the Oakland-Fremont, CA HUD Metro FMR Area.

 

Fair Market Rent Calculation Methodology

 

The FY 2020 Fair Market Rents for Oakland-Fremont, CA HUD Metro FMR Area are based on the results of a local rent survey conducted in November 2018.

The locally conducted survey is more current than the available ACS data. Therefore HUD calculates the locally based survey 2-bedroom FMR using the following steps:

The local survey is adjusted to 2018 dollars by multiplying the survey rent value for 2018 by the annual CPI-U value for 2018 divided by the CPI-U value for November 2018. This calculation is:


$2,104 * (251.107/252.038) =

$2,096

The annually adjusted survey value of $2,096 is trended forward to the mid-point of FY2020 using the San Francisco-Oakland-Hayward, CA MSA trend factor of 1.0683. This calculation is:
$2,096 * 1.0683 =

$2,239

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