Rev. Proc. 2026-23, 2026-22 I.R.B. 1542

SECTION 1. PURPOSE

This revenue procedure provides issuers of qualified mortgage bonds, as defined in § 143(a) of the Internal Revenue Code1, and issuers of mortgage credit certificates, as defined in § 25(c), with (1) the nationwide average purchase price for residences located in the United States, and (2) average area purchase price safe harbors for residences located in statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam.

SECTION 2. BACKGROUND

.01 Section 103(a) provides that, except as provided in § 103(b), gross income does not include interest on any State or local bond. Section 103(b)(1) provides that § 103(a) shall not apply to any private activity bond that is not a “qualified bond” within the meaning of § 141. Section 141(e) provides, in part, that the term “qualified bond” means any private activity bond if such bond (1) is a qualified mortgage bond under § 143, (2) meets the volume cap requirements under § 146, and (3) meets the applicable requirements under § 147.

.02 Section 143(a)(1) provides that the term “qualified mortgage bond” means a bond that is issued as part of a qualified mortgage issue. Section 143(a)(2)(A) provides that the term “qualified mortgage issue” means an issue of one or more bonds by a State or political subdivision thereof, but only if: (i) all proceeds of the issue (exclusive of issuance costs and a reasonably required reserve) are to be used to finance owner-occupied residences; (ii) the issue meets the requirements of subsections (c), (d), (e), (f), (g), (h), (i), and (m)(7) of § 143; (iii) the issue does not meet the private business tests of paragraphs (1) and (2) of § 141(b); and (iv) with respect to amounts received more than 10 years after the date of issuance, repayments of $250,000 or more of principal on mortgage financing provided by the issue are used by the close of the first semiannual period beginning after the date the prepayment (or complete repayment) is received to redeem bonds that are part of the issue.

Average Area Purchase Price

.03 Section 143(e)(1) provides that an issue of bonds meets the purchase price requirements of § 143(e) if the acquisition cost of each residence financed by the issue does not exceed 90 percent of the average area purchase price applicable to such residence. Section 143(e)(5) provides that, in the case of a targeted area residence (as defined in § 143(j)), § 143(e)(1) shall be applied by substituting 110 percent for 90 percent.

.04 Section 143(e)(2) provides that the term “average area purchase price” means, with respect to any residence, the average purchase price of single-family residences (in the statistical area in which the residence is located) that were purchased during the most recent 12-month period for which sufficient statistical information is available. Under § 143(e)(3) and (4), respectively, separate determinations of average area purchase price are to be made for new and existing residences, and for two-, three-, and four-family residences.

.05 Section 143(e)(2) also provides that the determination of the average area purchase price shall be made as of the date on which the commitment to provide the financing is made or, if earlier, the date of the purchase of the residence.

.06 Section 143(k)(2)(A) provides that the term “statistical area” means (i) a metropolitan statistical area (MSA), and (ii) any county (or the portion thereof) that is not within an MSA. Section 143(k)(2)(C) further provides that if sufficient recent statistical information with respect to a county (or portion thereof) is unavailable, the Secretary may substitute another area for which there is sufficient recent statistical information for such county (or portion thereof). In the case of any portion of a State which is not within a county, § 143(k)(2)(D) provides that the Secretary may designate an area that is the equivalent of a county. Section 6a.103A-1(b)(4)(i) (issued under § 103A of the Internal Revenue Code of 1954, the predecessor of § 143) provides that the term “State” includes a possession of the United States and the District of Columbia.

.07 Section 6a.103A-2(f)(5)(i) provides that an issuer may rely upon the average area purchase price safe harbors published by the Department of the Treasury (Treasury Department) for the statistical area in which a residence is located. Section 6a.103A-2(f)(5)(i) further provides that an issuer may use an average area purchase price limitation different from the published safe harbor if the issuer has more accurate and comprehensive data for the statistical area.

Qualified Mortgage Credit Certificate Program

.08 Section 25(c) permits a State or political subdivision thereof to establish a qualified mortgage credit certificate program. In general, a qualified mortgage credit certificate program is a program under which the issuing authority elects not to issue an amount of private activity bonds that it may otherwise issue during the calendar year under § 146, and in its place, issues mortgage credit certificates to taxpayers in connection with the acquisition of their principal residences. Section 25(a)(1) provides, in general, that the holder of a mortgage credit certificate may claim a federal income tax credit equal to the product of the credit rate specified in the certificate and the interest paid or accrued during the tax year on the remaining principal of the indebtedness incurred to acquire the residence. Section 25(c)(2)(A)(iii)(III) generally provides that residences acquired in connection with the issuance of mortgage credit certificates must meet the purchase price requirements of § 143(e).

Income Limitations for Qualified Mortgage Bonds and Mortgage Credit Certificates

.09 Section 143(f) imposes limitations on the income of mortgagors for whom financing may be provided by qualified mortgage bonds. In addition, § 25(c)(2)(A)(iii)(IV) provides that holders of mortgage credit certificates must meet the income requirement of § 143(f). Generally, under §§ 143(f)(1) and 25(c)(2)(A)(iii)(IV), the income requirement is met only if all owner-financing under a qualified mortgage bond and all mortgage credit certificates issued under a qualified mortgage credit certificate program are provided to mortgagors whose family income is 115 percent or less of the applicable median family income. Section 143(f)(5), however, generally provides for an upward adjustment to the percentage limitation in high housing cost areas. High housing cost areas are defined in § 143(f)(5)(C) as any statistical area for which the housing cost/income ratio is greater than 1.2.

.10 Under § 143(f)(5)(D), the housing cost/income ratio with respect to any statistical area is determined by dividing (a) the applicable housing price ratio for such area by (b) the ratio that the area median gross income for such area bears to the median gross income for the United States. The applicable housing price ratio is the new housing price ratio (new housing average area purchase price divided by the new housing average purchase price for the United States) or the existing housing price ratio (existing housing average area purchase price divided by the existing housing average purchase price for the United States), whichever results in the housing cost/income ratio being closer to 1.

Average Area and Nationwide Purchase Price Limitations

.11 Average area purchase price safe harbors for each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam were last published in Rev. Proc. 2025-18, 2025-19 I.R.B. 1430.

.12 The nationwide average purchase price was last published in section 4.02 of Rev. Proc. 2025-18. Guidance with respect to the United States and area median gross income figures that are used in computing the housing cost/income ratio described in § 143(f)(5) was published in Rev. Proc. 2021-19, 2021-15 I.R.B. 1008.

.13 This revenue procedure uses Federal Housing Administration (FHA) loan limits for a given statistical area to calculate the average area purchase price safe harbor for that area. FHA sets limits on the dollar value of loans it will insure based on median home prices and conforming loan limits established by the Federal Home Loan Mortgage Corporation. In particular, FHA sets an area’s loan limit at 95 percent of the median home sales price for the area, subject to certain floors and caps measured against conforming loan limits.

.14 To calculate the average area purchase price safe harbors in this revenue procedure, the FHA loan limits are adjusted to take into account the differences between average and median purchase prices. Because FHA loan limits do not differentiate between new and existing residences, this revenue procedure contains a single average area purchase price safe harbor for both new and existing residences in a statistical area.

.15 The average area purchase price safe harbors listed in section 4.01 of this revenue procedure are based on FHA loan limits released December 11, 2025. FHA loan limits are available for statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam. See section 3.03 of this revenue procedure with respect to FHA loan limits revised after December 11, 2025.

.16 OMB Bulletin No. 23-01, dated and effective July 21, 2023, revised the definitions of the nation’s 935 metropolitan areas. The OMB bulletin no longer includes primary MSAs.

SECTION 3. APPLICATION

Average Area Purchase Price Safe Harbors

.01 Average area purchase price safe harbors for statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam are set forth in section 4.01 of this revenue procedure. Average area purchase price safe harbors are provided for single-family and two to four-family residences. For each type of residence, section 4.01 of this revenue procedure contains a single safe harbor that may be used for both new and existing residences. Issuers of qualified mortgage bonds and issuers of mortgage credit certificates may rely on these safe harbors to satisfy the requirements of § 143(e) and (f). Section 4.01 of this revenue procedure provides safe harbors for MSAs and for certain counties and county equivalents. If no purchase price safe harbor is available for a statistical area, the safe harbor for “ALL OTHER AREAS” may be used for that statistical area.

.02 If a residence is in an MSA, the safe harbor applicable to it is the limitation of that MSA. If an MSA falls in more than one state, the MSA is listed in section 4.01 of this revenue procedure under each state.

.03 If the FHA revises the FHA loan limit for any statistical area after December 11, 2025, an issuer of qualified mortgage bonds or mortgage credit certificates may use the revised FHA loan limit for that statistical area to compute (as provided in the next sentence) a revised average area purchase price safe harbor for the statistical area provided that the issuer maintains records evidencing the revised FHA loan limit. The revised average area purchase price safe harbor for that statistical area is computed by dividing the revised FHA loan limit by 0.860.

.04 If, pursuant to § 6a.103A-2(f)(5)(i), an issuer uses more accurate and comprehensive data to determine the average area purchase price for a statistical area, the issuer must make separate average area purchase price determinations for new and existing residences. Moreover, when computing the average area purchase price for a statistical area that is an MSA, as defined in OMB Bulletin No. 23-01, the issuer must make the computation for the entire applicable MSA. When computing the average area purchase price for a statistical area that is not an MSA, the issuer must make the computation for the entire statistical area and may not combine statistical areas. Thus, for example, the issuer may not combine two or more counties.

.05 If an issuer receives a ruling permitting it to rely on an average area purchase price limitation that is higher than the applicable safe harbor in this revenue procedure, the issuer may rely on that higher limitation for the purpose of satisfying the requirements of § 143(e) and (f) for bonds sold, and mortgage credit certificates issued, not more than 30 months following the termination date of the 12-month period used by the issuer to compute the limitation.

Nationwide Average Purchase Price

.06 Section 4.02 of this revenue procedure sets forth a single nationwide average purchase price for purposes of computing the housing cost/income ratio under § 143(f)(5).

.07 Issuers must use the nationwide average purchase price set forth in section 4.02 of this revenue procedure when computing the housing cost/income ratio under § 143(f)(5) regardless of whether they are relying on the average area purchase price safe harbors contained in this revenue procedure or using more accurate and comprehensive data to determine average area purchase prices for new and existing residences for a statistical area that are different from the published safe harbors in this revenue procedure.

.08 If, pursuant to section 6.02 of this revenue procedure, an issuer relies on the average area purchase price safe harbors contained in Rev. Proc. 2025-18, the issuer must use the nationwide average purchase price set forth in section 4.02 of Rev. Proc. 2025-18 in computing the housing cost/income ratio under § 143(f)(5). Likewise, if, pursuant to section 6.04 of this revenue procedure, an issuer relies on the nationwide average purchase price published in Rev. Proc. 2025-18, the issuer must use the average area purchase price safe harbors set forth in section 4.01 of Rev. Proc. 2025-18 in computing the housing cost/income ratio under § 143(f)(5).

SECTION 4. AVERAGE AREA AND NATIONWIDE AVERAGE PURCHASE PRICES

.01 Average area purchase prices for single-family and two to four-family residences in MSAs, and for certain counties and county equivalents are set forth below. The safe harbor for “ALL OTHER AREAS” (found at the end of the table below) may be used for a statistical area that is not listed below.

2026 Average Area Purchase Prices for Mortgage Revenue Bonds

County Name State One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit

ALEUTIANS WEST AK $680,510 $871,171 $1,053,055 $1,308,704

JUNEAU CITY AND AK $693,879 $888,261 $1,073,748 $1,334,396

KODIAK ISLAND B AK $629,705 $806,125 $974,407 $1,210,990

SITKA CITY AND AK $681,847 $872,857 $1,055,089 $1,311,261

COCONINO COUNTY AZ $708,586 $907,094 $1,096,477 $1,362,705

MARICOPA COUNTY AZ $648,423 $830,074 $1,003,413 $1,246,971

PINAL COUNTY AZ $648,423 $830,074 $1,003,413 $1,246,971

ALAMEDA COUNTY CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

ALPINE COUNTY CA $855,651 $1,095,372 $1,324,049 $1,645,500

CONTRA COSTA CO CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

EL DORADO COUNT CA $889,074 $1,138,155 $1,375,784 $1,709,790

LOS ANGELES COU CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

MARIN COUNTY CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

MENDOCINO COUNT CA $635,053 $812,984 $982,719 $1,221,278

MONO COUNTY CA $902,444 $1,155,303 $1,396,477 $1,735,482

MONTEREY COUNTY CA $1,156,465 $1,480,473 $1,789,600 $2,223,994

NAPA COUNTY CA $1,183,204 $1,514,711 $1,830,929 $2,275,438

NEVADA COUNTY CA $755,379 $967,025 $1,168,905 $1,452,688

ORANGE COUNTY CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

PLACER COUNTY CA $889,074 $1,138,155 $1,375,784 $1,709,790

RIVERSIDE COUNT CA $802,172 $1,026,897 $1,241,333 $1,542,670

SACRAMENTO COUN CA $889,074 $1,138,155 $1,375,784 $1,709,790

SAN BENITO COUN CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SAN BERNARDINO CA $802,172 $1,026,897 $1,241,333 $1,542,670

SAN DIEGO COUNT CA $1,283,476 $1,643,116 $1,986,132 $2,468,250

SAN FRANCISCO C CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SAN JOAQUIN COU CA $788,803 $1,009,807 $1,220,639 $1,516,978

SAN LUIS OBISPO CA $1,163,150 $1,489,076 $1,799,947 $2,236,898

SAN MATEO COUNT CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SANTA BARBARA C CA $1,094,965 $1,401,767 $1,694,386 $2,105,761

SANTA CLARA COU CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SANTA CRUZ COUN CA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SOLANO COUNTY CA $796,825 $1,020,096 $1,233,020 $1,532,382

SONOMA COUNTY CA $1,042,824 $1,335,036 $1,613,703 $2,005,489

STANISLAUS COUN CA $633,716 $811,240 $980,627 $1,218,721

VENTURA COUNTY CA $1,203,259 $1,540,403 $1,861,970 $2,314,035

YOLO COUNTY CA $889,074 $1,138,155 $1,375,784 $1,709,790

ADAMS COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

ARAPAHOE COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

BOULDER COUNTY CO $1,022,770 $1,309,343 $1,582,663 $1,966,892

BROOMFIELD COUN CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

CHAFFEE COUNTY CO $828,911 $1,061,135 $1,282,720 $1,594,056

CLEAR CREEK COU CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

DENVER COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

DOUGLAS COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

EAGLE COUNTY CO $1,452,194 $1,859,383 $2,247,478 $2,793,217

EL PASO COUNTY CO $629,705 $806,125 $974,407 $1,210,990

ELBERT COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

GARFIELD COUNTY CO $1,452,194 $1,859,383 $2,247,478 $2,793,217

GILPIN COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

GRAND COUNTY CO $1,026,781 $1,314,458 $1,588,883 $1,974,623

GUNNISON COUNTY CO $869,020 $1,112,520 $1,344,743 $1,671,192

HINSDALE COUNTY CO $655,107 $838,677 $1,013,760 $1,259,818

JEFFERSON COUNT CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

LA PLATA COUNTY CO $869,020 $1,112,520 $1,344,743 $1,671,192

LAKE COUNTY CO $1,270,106 $1,625,969 $1,965,439 $2,442,557

LARIMER COUNTY CO $737,999 $944,761 $1,141,991 $1,419,264

MOFFAT COUNTY CO $1,266,095 $1,620,853 $1,959,219 $2,434,826

OURAY COUNTY CO $873,031 $1,117,635 $1,350,963 $1,678,924

PARK COUNTY CO $1,002,715 $1,283,650 $1,551,680 $1,928,353

PITKIN COUNTY CO $1,452,194 $1,859,383 $2,247,478 $2,793,217

ROUTT COUNTY CO $1,266,095 $1,620,853 $1,959,219 $2,434,826

SAN MIGUEL COUN CO $1,215,291 $1,555,808 $1,880,629 $2,337,170

SUMMIT COUNTY CO $1,270,106 $1,625,969 $1,965,439 $2,442,557

TELLER COUNTY CO $629,705 $806,125 $974,407 $1,210,990

WELD COUNTY CO $668,477 $855,767 $1,034,454 $1,285,568

GREATER BRIDGEP CT $1,136,411 $1,454,838 $1,758,559 $2,185,455

WESTERN CONNECT CT $1,136,411 $1,454,838 $1,758,559 $2,185,455

DISTRICT OF COL DC $1,452,194 $1,859,383 $2,247,478 $2,793,217

NEW CASTLE COUN DE $732,651 $937,902 $1,133,737 $1,408,975

BAKER COUNTY FL $675,162 $864,312 $1,044,800 $1,298,415

BROWARD COUNTY FL $775,433 $992,717 $1,199,945 $1,491,227

CLAY COUNTY FL $675,162 $864,312 $1,044,800 $1,298,415

COLLIER COUNTY FL $889,074 $1,138,155 $1,375,784 $1,709,790

DUVAL COUNTY FL $675,162 $864,312 $1,044,800 $1,298,415

MANATEE COUNTY FL $636,390 $814,670 $984,754 $1,223,836

MARTIN COUNTY FL $701,901 $898,549 $1,086,130 $1,349,800

MIAMI-DADE COUN FL $775,433 $992,717 $1,199,945 $1,491,227

MONROE COUNTY FL $1,151,117 $1,473,672 $1,781,288 $2,213,705

NASSAU COUNTY FL $675,162 $864,312 $1,044,800 $1,298,415

OKALOOSA COUNTY FL $701,901 $898,549 $1,086,130 $1,349,800

PALM BEACH COUN FL $775,433 $992,717 $1,199,945 $1,491,227

SARASOTA COUNTY FL $636,390 $814,670 $984,754 $1,223,836

ST. JOHNS COUNT FL $675,162 $864,312 $1,044,800 $1,298,415

ST. LUCIE COUNT FL $701,901 $898,549 $1,086,130 $1,349,800

WALTON COUNTY FL $701,901 $898,549 $1,086,130 $1,349,800

BARROW COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

BARTOW COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

BUTTS COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

CARROLL COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

CHEROKEE COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

CLARKE COUNTY GA $716,607 $917,383 $1,108,916 $1,378,109

CLAYTON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

COBB COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

COWETA COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

DAWSON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

DEKALB COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

DOUGLAS COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

FAYETTE COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

FORSYTH COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

FULTON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

GREENE COUNTY GA $742,009 $949,877 $1,148,211 $1,426,937

GWINNETT COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

HARALSON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

HEARD COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

HENRY COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

JASPER COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

LUMPKIN COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

MADISON COUNTY GA $716,607 $917,383 $1,108,916 $1,378,109

MERIWETHER COUN GA $835,596 $1,069,738 $1,293,067 $1,606,961

MORGAN COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

NEWTON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

OCONEE COUNTY GA $716,607 $917,383 $1,108,916 $1,378,109

OGLETHORPE COUN GA $716,607 $917,383 $1,108,916 $1,378,109

PAULDING COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

PICKENS COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

PIKE COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

ROCKDALE COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

SPALDING COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

WALTON COUNTY GA $835,596 $1,069,738 $1,293,067 $1,606,961

GUAM GU $655,107 $838,677 $1,013,760 $1,259,818

HAWAII COUNTY HI $681,847 $872,857 $1,055,089 $1,311,261

HONOLULU COUNTY HI $962,607 $1,232,323 $1,489,599 $1,851,216

KALAWAO COUNTY HI $1,510,758 $1,934,049 $2,337,867 $2,905,375

KAUAI COUNTY HI $1,291,498 $1,653,347 $1,998,514 $2,483,712

MAUI COUNTY HI $1,510,758 $1,934,049 $2,337,867 $2,905,375

ADA COUNTY ID $681,847 $872,857 $1,055,089 $1,311,261

BLAINE COUNTY ID $882,390 $1,129,610 $1,365,437 $1,696,943

BOISE COUNTY ID $681,847 $872,857 $1,055,089 $1,311,261

CAMAS COUNTY ID $882,390 $1,129,610 $1,365,437 $1,696,943

CANYON COUNTY ID $681,847 $872,857 $1,055,089 $1,311,261

GEM COUNTY ID $681,847 $872,857 $1,055,089 $1,311,261

KOOTENAI COUNTY ID $665,803 $852,337 $1,030,268 $1,280,395

LINCOLN COUNTY ID $882,390 $1,129,610 $1,365,437 $1,696,943

OWYHEE COUNTY ID $681,847 $872,857 $1,055,089 $1,311,261

TETON COUNTY ID $1,452,194 $1,859,383 $2,247,478 $2,793,217

VALLEY COUNTY ID $715,270 $915,697 $1,106,824 $1,375,551

BARNSTABLE COUN MA $962,607 $1,232,323 $1,489,599 $1,851,216

BRISTOL COUNTY MA $915,813 $1,172,392 $1,417,171 $1,761,233

DUKES COUNTY MA $1,452,194 $1,859,383 $2,247,478 $2,793,217

ESSEX COUNTY MA $1,119,030 $1,432,575 $1,731,646 $2,152,031

MIDDLESEX COUNT MA $1,119,030 $1,432,575 $1,731,646 $2,152,031

NANTUCKET COUNT MA $1,452,194 $1,859,383 $2,247,478 $2,793,217

NORFOLK COUNTY MA $1,119,030 $1,432,575 $1,731,646 $2,152,031

PLYMOUTH COUNTY MA $1,119,030 $1,432,575 $1,731,646 $2,152,031

SUFFOLK COUNTY MA $1,119,030 $1,432,575 $1,731,646 $2,152,031

WORCESTER COUNT MA $633,716 $811,240 $980,627 $1,218,721

ANNE ARUNDEL CO MD $869,020 $1,112,520 $1,344,743 $1,671,192

BALTIMORE CITY MD $869,020 $1,112,520 $1,344,743 $1,671,192

BALTIMORE COUNT MD $869,020 $1,112,520 $1,344,743 $1,671,192

CARROLL COUNTY MD $869,020 $1,112,520 $1,344,743 $1,671,192

CECIL COUNTY MD $732,651 $937,902 $1,133,737 $1,408,975

CHARLES COUNTY MD $1,452,194 $1,859,383 $2,247,478 $2,793,217

FREDERICK COUNT MD $1,452,194 $1,859,383 $2,247,478 $2,793,217

HARFORD COUNTY MD $869,020 $1,112,520 $1,344,743 $1,671,192

HOWARD COUNTY MD $869,020 $1,112,520 $1,344,743 $1,671,192

MONTGOMERY COUN MD $1,452,194 $1,859,383 $2,247,478 $2,793,217

PRINCE GEORGE'S MD $1,452,194 $1,859,383 $2,247,478 $2,793,217

QUEEN ANNE'S CO MD $869,020 $1,112,520 $1,344,743 $1,671,192

CUMBERLAND COUN ME $715,270 $915,697 $1,106,824 $1,375,551

SAGADAHOC COUNT ME $715,270 $915,697 $1,106,824 $1,375,551

YORK COUNTY ME $715,270 $915,697 $1,106,824 $1,375,551

ANOKA COUNTY MN $641,738 $821,529 $993,066 $1,234,125

CARVER COUNTY MN $641,738 $821,529 $993,066 $1,234,125

CHISAGO COUNTY MN $641,738 $821,529 $993,066 $1,234,125

DAKOTA COUNTY MN $641,738 $821,529 $993,066 $1,234,125

HENNEPIN COUNTY MN $641,738 $821,529 $993,066 $1,234,125

ISANTI COUNTY MN $641,738 $821,529 $993,066 $1,234,125

LE SUEUR COUNTY MN $641,738 $821,529 $993,066 $1,234,125

MILLE LACS COUN MN $641,738 $821,529 $993,066 $1,234,125

RAMSEY COUNTY MN $641,738 $821,529 $993,066 $1,234,125

SCOTT COUNTY MN $641,738 $821,529 $993,066 $1,234,125

SHERBURNE COUNT MN $641,738 $821,529 $993,066 $1,234,125

WASHINGTON COUN MN $641,738 $821,529 $993,066 $1,234,125

WRIGHT COUNTY MN $641,738 $821,529 $993,066 $1,234,125

CARBON COUNTY MT $877,042 $1,122,751 $1,357,183 $1,686,655

FLATHEAD COUNTY MT $715,270 $915,697 $1,106,824 $1,375,551

GALLATIN COUNTY MT $835,596 $1,069,738 $1,293,067 $1,606,961

MINERAL COUNTY MT $695,216 $890,004 $1,075,783 $1,336,954

MISSOULA COUNTY MT $695,216 $890,004 $1,075,783 $1,336,954

PARK COUNTY MT $655,107 $838,677 $1,013,760 $1,259,818

RAVALLI COUNTY MT $651,097 $833,504 $1,007,540 $1,252,145

STILLWATER COUN MT $877,042 $1,122,751 $1,357,183 $1,686,655

YELLOWSTONE COU MT $877,042 $1,122,751 $1,357,183 $1,686,655

CAMDEN COUNTY NC $881,053 $1,127,924 $1,363,402 $1,694,386

CHATHAM COUNTY NC $737,999 $944,761 $1,141,991 $1,419,264

CURRITUCK COUNT NC $881,053 $1,127,924 $1,363,402 $1,694,386

DARE COUNTY NC $835,596 $1,069,738 $1,293,067 $1,606,961

DURHAM COUNTY NC $737,999 $944,761 $1,141,991 $1,419,264

GATES COUNTY NC $881,053 $1,127,924 $1,363,402 $1,694,386

ORANGE COUNTY NC $737,999 $944,761 $1,141,991 $1,419,264

PERQUIMANS COUN NC $935,868 $1,198,085 $1,448,212 $1,799,773

PERSON COUNTY NC $737,999 $944,761 $1,141,991 $1,419,264

DAWSON COUNTY NE $701,901 $898,549 $1,086,130 $1,349,800

GOSPER COUNTY NE $701,901 $898,549 $1,086,130 $1,349,800

CARROLL COUNTY NH $635,053 $812,984 $982,719 $1,221,278

HILLSBOROUGH CO NH $685,857 $878,030 $1,061,309 $1,318,992

ROCKINGHAM COUN NH $1,119,030 $1,432,575 $1,731,646 $2,152,031

STRAFFORD COUNT NH $1,119,030 $1,432,575 $1,731,646 $2,152,031

ATLANTIC COUNTY NJ $848,966 $1,086,827 $1,313,703 $1,632,653

BERGEN COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

BURLINGTON COUN NJ $732,651 $937,902 $1,133,737 $1,408,975

CAMDEN COUNTY NJ $732,651 $937,902 $1,133,737 $1,408,975

CAPE MAY COUNTY NJ $848,966 $1,086,827 $1,313,703 $1,632,653

ESSEX COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

GLOUCESTER COUN NJ $732,651 $937,902 $1,133,737 $1,408,975

HUDSON COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

HUNTERDON COUNT NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

MIDDLESEX COUNT NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

MONMOUTH COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

MORRIS COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

OCEAN COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

PASSAIC COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

SALEM COUNTY NJ $732,651 $937,902 $1,133,737 $1,408,975

SOMERSET COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

SUSSEX COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

UNION COUNTY NJ $1,452,194 $1,859,383 $2,247,478 $2,793,217

LOS ALAMOS COUN NM $804,846 $1,030,326 $1,245,460 $1,547,786

SANTA FE COUNTY NM $661,792 $847,222 $1,024,107 $1,272,664

CARSON CITY NV $668,477 $855,767 $1,034,454 $1,285,568

DOUGLAS COUNTY NV $855,651 $1,095,372 $1,324,049 $1,645,500

LYON COUNTY NV $742,009 $949,877 $1,148,211 $1,426,937

STOREY COUNTY NV $742,009 $949,877 $1,148,211 $1,426,937

WASHOE COUNTY NV $742,009 $949,877 $1,148,211 $1,426,937

BRONX COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

KINGS COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

NASSAU COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

NEW YORK COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

PUTNAM COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

QUEENS COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

RICHMOND COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

ROCKLAND COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

SUFFOLK COUNTY NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

WESTCHESTER COU NY $1,452,194 $1,859,383 $2,247,478 $2,793,217

DELAWARE COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

FAIRFIELD COUNT OH $687,194 $879,716 $1,063,402 $1,321,550

FRANKLIN COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

HOCKING COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

LICKING COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

MADISON COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

MORROW COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

PERRY COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

PICKAWAY COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

UNION COUNTY OH $687,194 $879,716 $1,063,402 $1,321,550

BENTON COUNTY OR $715,270 $915,697 $1,106,824 $1,375,551

CLACKAMAS COUNT OR $815,542 $1,044,045 $1,262,026 $1,568,363

CLATSOP COUNTY OR $655,107 $838,677 $1,013,760 $1,259,818

COLUMBIA COUNTY OR $815,542 $1,044,045 $1,262,026 $1,568,363

CROOK COUNTY OR $835,596 $1,069,738 $1,293,067 $1,606,961

DESCHUTES COUNT OR $835,596 $1,069,738 $1,293,067 $1,606,961

HOOD RIVER COUN OR $886,400 $1,134,783 $1,371,657 $1,704,616

JEFFERSON COUNT OR $835,596 $1,069,738 $1,293,067 $1,606,961

MULTNOMAH COUNT OR $815,542 $1,044,045 $1,262,026 $1,568,363

WASHINGTON COUN OR $815,542 $1,044,045 $1,262,026 $1,568,363

YAMHILL COUNTY OR $815,542 $1,044,045 $1,262,026 $1,568,363

BUCKS COUNTY PA $732,651 $937,902 $1,133,737 $1,408,975

CHESTER COUNTY PA $732,651 $937,902 $1,133,737 $1,408,975

DELAWARE COUNTY PA $732,651 $937,902 $1,133,737 $1,408,975

MONTGOMERY COUN PA $732,651 $937,902 $1,133,737 $1,408,975

PHILADELPHIA CO PA $732,651 $937,902 $1,133,737 $1,408,975

AGUAS BUENAS MU PR $802,172 $1,026,897 $1,241,333 $1,542,670

AIBONITO MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

BARCELONETA MUN PR $802,172 $1,026,897 $1,241,333 $1,542,670

BARRANQUITAS MU PR $802,172 $1,026,897 $1,241,333 $1,542,670

BAYAMON MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

CAGUAS MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

CANOVANAS MUNIC PR $802,172 $1,026,897 $1,241,333 $1,542,670

CAROLINA MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

CATANO MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

CAYEY MUNICIPIO PR $802,172 $1,026,897 $1,241,333 $1,542,670

CEIBA MUNICIPIO PR $802,172 $1,026,897 $1,241,333 $1,542,670

CIALES MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

CIDRA MUNICIPIO PR $802,172 $1,026,897 $1,241,333 $1,542,670

COMERIO MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

COROZAL MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

DORADO MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

FAJARDO MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

FLORIDA MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

GUAYNABO MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

GURABO MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

HUMACAO MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

JUNCOS MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

LAS PIEDRAS MUN PR $802,172 $1,026,897 $1,241,333 $1,542,670

LOIZA MUNICIPIO PR $802,172 $1,026,897 $1,241,333 $1,542,670

LUQUILLO MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

MANATI MUNICIPI PR $802,172 $1,026,897 $1,241,333 $1,542,670

MAUNABO MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

MOROVIS MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

NAGUABO MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

NARANJITO MUNIC PR $802,172 $1,026,897 $1,241,333 $1,542,670

OROCOVIS MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

RIO GRANDE MUNI PR $802,172 $1,026,897 $1,241,333 $1,542,670

SAN JUAN MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

SAN LORENZO MUN PR $802,172 $1,026,897 $1,241,333 $1,542,670

TOA ALTA MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

TOA BAJA MUNICI PR $802,172 $1,026,897 $1,241,333 $1,542,670

TRUJILLO ALTO M PR $802,172 $1,026,897 $1,241,333 $1,542,670

VEGA ALTA MUNIC PR $802,172 $1,026,897 $1,241,333 $1,542,670

VEGA BAJA MUNIC PR $802,172 $1,026,897 $1,241,333 $1,542,670

YABUCOA MUNICIP PR $802,172 $1,026,897 $1,241,333 $1,542,670

BRISTOL COUNTY RI $915,813 $1,172,392 $1,417,171 $1,761,233

KENT COUNTY RI $915,813 $1,172,392 $1,417,171 $1,761,233

NEWPORT COUNTY RI $915,813 $1,172,392 $1,417,171 $1,761,233

PROVIDENCE COUN RI $915,813 $1,172,392 $1,417,171 $1,761,233

WASHINGTON COUN RI $915,813 $1,172,392 $1,417,171 $1,761,233

BEAUFORT COUNTY SC $742,009 $949,877 $1,148,211 $1,426,937

BERKELEY COUNTY SC $802,172 $1,026,897 $1,241,333 $1,542,670

CHARLESTON COUN SC $802,172 $1,026,897 $1,241,333 $1,542,670

DORCHESTER COUN SC $802,172 $1,026,897 $1,241,333 $1,542,670

JASPER COUNTY SC $742,009 $949,877 $1,148,211 $1,426,937

LAWRENCE COUNTY SD $629,705 $806,125 $974,407 $1,210,990

CANNON COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

CHEATHAM COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

DAVIDSON COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

DICKSON COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

HICKMAN COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

MACON COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

MAURY COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

ROBERTSON COUNT TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

RUTHERFORD COUN TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

SMITH COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

SUMNER COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

TROUSDALE COUNT TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

WILLIAMSON COUN TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

WILSON COUNTY TN $1,196,574 $1,531,859 $1,851,623 $2,301,130

ATASCOSA COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

BANDERA COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

BASTROP COUNTY TX $664,466 $850,651 $1,028,234 $1,277,837

BEXAR COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

CALDWELL COUNTY TX $664,466 $850,651 $1,028,234 $1,277,837

COLLIN COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

COMAL COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

DALLAS COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

DENTON COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

ELLIS COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

GLASSCOCK COUNT TX $945,226 $1,210,060 $1,462,686 $1,817,792

GUADALUPE COUNT TX $648,423 $830,074 $1,003,413 $1,246,971

HAYS COUNTY TX $664,466 $850,651 $1,028,234 $1,277,837

HUNT COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

JOHNSON COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

KAUFMAN COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

KENDALL COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

MEDINA COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

PARKER COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

ROCKWALL COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

TARRANT COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

TRAVIS COUNTY TX $664,466 $850,651 $1,028,234 $1,277,837

WILLIAMSON COUN TX $664,466 $850,651 $1,028,234 $1,277,837

WILSON COUNTY TX $648,423 $830,074 $1,003,413 $1,246,971

WISE COUNTY TX $655,107 $838,677 $1,013,760 $1,259,818

DAVIS COUNTY UT $865,009 $1,107,347 $1,338,582 $1,663,519

GRAND COUNTY UT $975,976 $1,249,413 $1,510,293 $1,876,909

JUAB COUNTY UT $699,227 $895,120 $1,082,003 $1,344,685

MORGAN COUNTY UT $865,009 $1,107,347 $1,338,582 $1,663,519

RICH COUNTY UT $673,825 $862,626 $1,042,708 $1,295,857

SALT LAKE COUNT UT $740,672 $948,191 $1,146,176 $1,424,379

SUMMIT COUNTY UT $1,352,997 $1,732,111 $2,093,728 $2,602,003

TOOELE COUNTY UT $740,672 $948,191 $1,146,176 $1,424,379

UTAH COUNTY UT $699,227 $895,120 $1,082,003 $1,344,685

WASATCH COUNTY UT $1,352,997 $1,732,111 $2,093,728 $2,602,003

WASHINGTON COUN UT $705,912 $903,665 $1,092,350 $1,357,531

WAYNE COUNTY UT $1,159,139 $1,483,903 $1,793,727 $2,229,167

WEBER COUNTY UT $865,009 $1,107,347 $1,338,582 $1,663,519

ALBEMARLE COUNT VA $695,216 $890,004 $1,075,783 $1,336,954

ALEXANDRIA CITY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

AMELIA COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

ARLINGTON COUNT VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

CHARLES CITY CO VA $822,227 $1,052,590 $1,272,373 $1,581,210

CHARLOTTESVILLE VA $695,216 $890,004 $1,075,783 $1,336,954

CHESAPEAKE CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

CHESTERFIELD CO VA $822,227 $1,052,590 $1,272,373 $1,581,210

CLARKE COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

COLONIAL HEIGHT VA $822,227 $1,052,590 $1,272,373 $1,581,210

CULPEPER COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

DINWIDDIE COUNT VA $822,227 $1,052,590 $1,272,373 $1,581,210

FAIRFAX CITY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

FAIRFAX COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

FALLS CHURCH CI VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

FAUQUIER COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

FLUVANNA COUNTY VA $695,216 $890,004 $1,075,783 $1,336,954

FREDERICKSBURG VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

GLOUCESTER COUN VA $881,053 $1,127,924 $1,363,402 $1,694,386

GOOCHLAND COUNT VA $822,227 $1,052,590 $1,272,373 $1,581,210

GREENE COUNTY VA $695,216 $890,004 $1,075,783 $1,336,954

HAMPTON CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

HANOVER COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

HENRICO COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

HOPEWELL CITY VA $822,227 $1,052,590 $1,272,373 $1,581,210

ISLE OF WIGHT C VA $881,053 $1,127,924 $1,363,402 $1,694,386

JAMES CITY COUN VA $881,053 $1,127,924 $1,363,402 $1,694,386

KING AND QUEEN VA $822,227 $1,052,590 $1,272,373 $1,581,210

KING WILLIAM CO VA $822,227 $1,052,590 $1,272,373 $1,581,210

LOUDOUN COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

MANASSAS CITY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

MANASSAS PARK C VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

MATHEWS COUNTY VA $881,053 $1,127,924 $1,363,402 $1,694,386

NELSON COUNTY VA $695,216 $890,004 $1,075,783 $1,336,954

NEW KENT COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

NEWPORT NEWS CI VA $881,053 $1,127,924 $1,363,402 $1,694,386

NORFOLK CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

PETERSBURG CITY VA $822,227 $1,052,590 $1,272,373 $1,581,210

POQUOSON CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

PORTSMOUTH CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

POWHATAN COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

PRINCE GEORGE C VA $822,227 $1,052,590 $1,272,373 $1,581,210

PRINCE WILLIAM VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

RAPPAHANNOCK CO VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

RICHMOND CITY VA $822,227 $1,052,590 $1,272,373 $1,581,210

SPOTSYLVANIA CO VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

STAFFORD COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

SUFFOLK CITY VA $881,053 $1,127,924 $1,363,402 $1,694,386

SURRY COUNTY VA $881,053 $1,127,924 $1,363,402 $1,694,386

SUSSEX COUNTY VA $822,227 $1,052,590 $1,272,373 $1,581,210

VIRGINIA BEACH VA $881,053 $1,127,924 $1,363,402 $1,694,386

WARREN COUNTY VA $1,452,194 $1,859,383 $2,247,478 $2,793,217

WILLIAMSBURG CI VA $881,053 $1,127,924 $1,363,402 $1,694,386

YORK COUNTY VA $881,053 $1,127,924 $1,363,402 $1,694,386

ST. JOHN ISLAND VI $1,303,530 $1,668,751 $2,017,173 $2,506,847

ST. THOMAS ISLA VI $787,466 $1,008,121 $1,218,546 $1,514,362

CHITTENDEN COUN VT $668,477 $855,767 $1,034,454 $1,285,568

FRANKLIN COUNTY VT $668,477 $855,767 $1,034,454 $1,285,568

GRAND ISLE COUN VT $668,477 $855,767 $1,034,454 $1,285,568

CHELAN COUNTY WA $681,847 $872,857 $1,055,089 $1,311,261

CLARK COUNTY WA $815,542 $1,044,045 $1,262,026 $1,568,363

DOUGLAS COUNTY WA $681,847 $872,857 $1,055,089 $1,311,261

ISLAND COUNTY WA $780,781 $999,518 $1,208,199 $1,501,516

KING COUNTY WA $1,236,682 $1,583,186 $1,913,704 $2,378,267

KITSAP COUNTY WA $716,607 $917,383 $1,108,916 $1,378,109

PIERCE COUNTY WA $1,236,682 $1,583,186 $1,913,704 $2,378,267

SAN JUAN COUNTY WA $791,477 $1,013,237 $1,224,766 $1,522,093

SKAGIT COUNTY WA $721,955 $924,242 $1,117,170 $1,388,398

SKAMANIA COUNTY WA $815,542 $1,044,045 $1,262,026 $1,568,363

SNOHOMISH COUNT WA $1,236,682 $1,583,186 $1,913,704 $2,378,267

THURSTON COUNTY WA $681,847 $872,857 $1,055,089 $1,311,261

WHATCOM COUNTY WA $772,759 $989,288 $1,195,818 $1,486,112

WHITMAN COUNTY WA $673,825 $862,626 $1,042,708 $1,295,857

PIERCE COUNTY WI $641,738 $821,529 $993,066 $1,234,125

ST. CROIX COUNT WI $641,738 $821,529 $993,066 $1,234,125

JEFFERSON COUNT WV $1,452,194 $1,859,383 $2,247,478 $2,793,217

TETON COUNTY WY $1,452,194 $1,859,383 $2,247,478 $2,793,217

UINTA COUNTY WY $673,825 $862,626 $1,042,708 $1,295,857

All other areas – 2,794 counties (floor): $629,283 $805,718 $973,884 $1,210,379

.02 The nationwide average purchase price (for use in the housing cost/income ratio for new and existing residences) is $553,900.

SECTION 5. EFFECT ON OTHER DOCUMENTS

Rev. Proc. 2025-18 is obsolete except as provided in section 6 of this revenue procedure.

SECTION 6. EFFECTIVE DATES

.01 Issuers may rely on this revenue procedure to determine average area purchase price safe harbors for commitments to provide financing or issue mortgage credit certificates that are made, or (if the purchase precedes the commitment) for residences that are purchased, in the period that begins on May 6, 2026, and ends on the date as of which the safe harbors contained in section 4.01 of this revenue procedure are rendered obsolete by a new revenue procedure.

.02 Notwithstanding section 5 of this revenue procedure, issuers may continue to rely on the average area purchase price safe harbors contained in Rev. Proc. 2025-18, with respect to bonds sold, or for mortgage credit certificates issued with respect to bond authority exchanged, before June 5, 2026, if the commitments to provide financing or issue mortgage credit certificates are made on or before July 6, 2026.

.03 Except as provided in section 6.04, issuers must use the nationwide average purchase price limitation contained in this revenue procedure for commitments to provide financing or issue mortgage credit certificates that are made, or (if the purchase precedes the commitment) for residences that are purchased, in the period that begins on May 6, 2026 and ends on the date when the nationwide average purchase price limitation is rendered obsolete by a new revenue procedure.

.04 Notwithstanding sections 5 and 6.03 of this revenue procedure, issuers may continue to rely on the nationwide average purchase price set forth in Rev. Proc. 2025-18 with respect to bonds sold, or for mortgage credit certificates issued with respect to bond authority exchanged, before June 5, 2026, if the commitments to provide financing or issue mortgage credit certificates are made on or before July 6, 2026.

SECTION 7. PAPERWORK REDUCTION ACT

The collection of information contained in this revenue procedure has been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-1877.

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number.

This revenue procedure contains a collection of information requirement in section 3.03. The purpose of the collection of information is to verify the applicable FHA loan limit that issuers of qualified mortgage bonds and qualified mortgage certificates have used to calculate the average area purchase price for a given MSA for purposes of §§ 143(e) and 25(c). The collection of information is required to obtain the benefit of using revisions to FHA loan limits to determine average area purchase prices. The likely respondents are state and local governments.

The estimated total annual reporting and/or recordkeeping burden is: 15 hours.

The estimated annual burden per respondent and/or recordkeeper: 15 minutes.

The estimated number of respondents and/or recordkeepers: 60.

Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.

SECTION 8. DRAFTING INFORMATION

The principal author of this revenue procedure is Brian Choi of the Office of Associate Chief Counsel (Financial Institutions & Products). For further information regarding this revenue procedure contact Mr. Choi on (202) 317-3154 (not a toll-free number).

1 Unless otherwise specified, all "section" or "§" references are to sections of the Internal Revenue Code or the Temporary Regulations under Title II of the Omnibus Reconciliation Act of 1980 (26 CFR part 6a).