HUD website for determining rental rates

[Jack Forester]

Maybe I'm the only one who was unaware of this site, but if not, I'd like to share.

So, I ran across Katie's comment on What Investors Can Learn From William Nickerson Turning $1,000 Into a Million (in His Spare Time) about using the HUD Fair Market Rents to determine your rental values, rather than using Craigslist or other websites.  Her opinion (and I agree) is that you should determine your average income level in your area, then set rents to meet 1/3 of the income level, rather than setting your rent and then expecting people to max 3x that amount.  

If nothing else, this is a valuable tool in determining rental rates in a new (to you) market!