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FY 2019 Fair Market Rent Documentation System—Calculation for Durham-Chapel Hil... Page I 14 of 7 <br /> I FY 2019 FAIR MARKET RENT <br /> DOCUMENTATION SYSTEM <br /> The FY 2019 FMRs for All Bedroom Sizes <br /> Final FY 2019 FMRs By Unit Bedrooms <br /> Year Efficiency One- Two- Three- Four- <br /> Bedroom Bedroom Bedroom Bedroom <br /> FY 2019 $834 $902 <br /> FMR $1,055 $1,435 $1,624 <br /> FY 2018 $731 $847 $990 $1,356 $1,512 <br /> FMR <br /> Orange County, North Carolina is part of the Durham-Chapel Hill, NC HUD Metro <br /> FMR Area, which consists of the following counties: Chatham County, NC; Durham <br /> County, NC; and Orange County, NC. All information here applies to the entirety <br /> of the Durham-Chapel Hill, NC HUD Metro FMR Area. <br /> Fair Market Rent Calculation Methodology <br /> Show/Hide Methodology Narrative <br /> Fair Market Rents for metropolitan areas and non-metropolitan FMR areas are <br /> developed as follows: <br /> 1. 2012-2016 5-year American Community Survey (ACS) estimates of <br /> 2-bedroom adjusted standard quality gross rents calculated for each FMR <br /> area are used as the new basis for FY2019 provided the estimate is <br /> statistically reliable. For FY2019, the test for reliability is whether the margin <br /> of error for the estimate is less than 50% of the estimate itself and whether <br /> the ACS estimate is based on at least 100 survey cases. HUD does not <br /> receive the exact number of survey cases, but rather a categorical variable <br /> known as the count indicator indicating a range of cases. An estimate based <br /> on at least 100 cases corresponds to a count indicator of 4 or higher. <br /> If an area does not have a reliable 2012-2016 5-year, HUD checks whether <br /> the area has had at least minimally reliable estimate in any of the past 3 <br /> years, or estimates that meet the 50% margin of error test described above. <br /> If so, the FY2019 base rent is the average of the inflated ACS estimates. <br /> https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2019_code/2019summary.odn 10/29/2018 <br />