How do I find out what the fair market value is for my rental property? Is that what it is worth, or what the average rent is?

ashleynsad · ‎June 3, 2019

TomD8 · ‎June 3, 2019

To determine the fair market rental (not the fair market sale value) for your location, you can use the HUD tool in this reference: https://www.huduser.gov/portal/datasets/fmr.html

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Critter · ‎June 3, 2019

fair market value & fair rental values are 2 different things ...

Fair Market value is what it is worth today ... fair rental value is what similar properties are renting for today.

Critter · ‎June 3, 2019

It is the current market value if you were to sell it today.

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How do I find out what the fair market value is for my rental property? Is that what it is worth, or what the average rent is?