rp-08-17.pdf

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Rev. Proc. 2008-17

SECTION 1. PURPOSE
This revenue procedure provides issuers of qualified mortgage bonds, as defined
in section 143(a) of the Internal Revenue Code, and issuers of mortgage credit
certificates, as defined in section 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 section 103(b), gross
income does not include interest on any state or local bond. Section 103(b)(1) provides
that section 103(a) shall not apply to any private activity bond that is not a "qualified
bond" within the meaning of section 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 section 143, (2) meets the volume cap requirements under section 146, and

(3) meets the applicable requirements under section 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 section
143; (iii) the issue does not meet the private business tests of paragraphs (1) and (2) of
section 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 section 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
section 143(j)), section 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 sections

2

143(e)(3) and (4), respectively, separate determinations are to be made for new and existing
residences, and for two-, three-, and four-family residences.
.05 Section 143(e)(2) provides that the determination of the average area purchase
price for a statistical area 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,
section 143(k)(2)(D) provides that the Secretary may designate as a county any area that is
the equivalent of a county. Section 6a.103A-1(b)(4)(i) of the Temporary Income Tax
Regulations (issued under section 103A of the Internal Revenue Code of 1954, the
predecessor of section 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 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

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.08 Section 25(c) permits a state or political subdivision 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 section 146,
and in their 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 section 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, section 25(c)(2)(A)(iii)(IV)
provides that holders of mortgage credit certificates must meet the income requirement of
section 143(f). Generally, under sections 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
section 143(f)(5)(C) as any statistical area for which the housing cost/income ratio is greater

4

than 1.2.
.10 Under section 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. 2007-26, 2007-13 I.R.B. 814.
.12 The nationwide average purchase price limitation was last published in section
4.02 of Rev. Proc. 2007-26. Guidance with respect to the United States and area median
gross income figures that are to be used in computing the housing cost/income ratio
described in section 143(f)(5) was last published in Rev. Proc. 2007-31, 2007-19 I.R.B. 1225.
.13 This revenue procedure uses 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

5

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. The
Treasury Department and the Internal Revenue Service have determined that FHA loan limits
provide a reasonable basis for determining average area purchase price safe harbors. If the
Treasury Department and the Internal Revenue Service become aware of other sources of
average purchase price data, including data that differentiate between new and existing
residences, consideration will be given as to whether such data provide a more accurate
method for calculating average area purchase price safe harbors.
.15 The average area purchase price safe harbors listed in section 4.01 of this
revenue procedure are based on FHA loan limits released January 18, 2008. 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 January 18, 2008.
.16 OMB Bulletin No. 03-04, dated and effective June 6, 2003, revised the definitions
of the nation’s metropolitan areas and recognized 49 new metropolitan statistical areas. The
OMB bulletin no longer includes primary metropolitan statistical areas.
SECTION 3. APPLICATION

Average Area Purchase Price Safe Harbors

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.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 sections 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 (except for Alaska, for which a separate safe harbor is
provided for statistical areas not listed).
.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 January 18, 2008,
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
.76.

7

.04 If, pursuant to section 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. 03-04, 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 section
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 section
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 section
143(f)(5) regardless of whether they are relying on the average area purchase price safe

8

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. 2007-26, the issuer must
use the nationwide average purchase price set forth in section 4.02 of Rev. Proc. 2007-26 in
computing the housing cost/income ratio under section 143(f)(5). Likewise, if, pursuant to
section 6.05 of this revenue procedure, an issuer relies on the nationwide average purchase
price published in Rev. Proc. 2007-26, the issuer may not rely on the average area purchase
price safe harbors published in this revenue procedure.
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.

MRB limits
STATE MSA NAME
COUNTY
NAME 1 Unit 2 Units 3 Units 4 Units
AK ANCHORAGE, AK (MSA) ANCHORAGE 346,842 390,658 474,671 547,697
AK NON-METRO DENALI 316,137 404,668 489,126 607,879
AK FAIRBANKS, AK (MSA)
FAIRBANKS
NORTH 316,250 356,197 432,763 506,495
AK JUNEAU, AK (MICRO) JUNEAU 398,750 449,118 545,658 629,605
AK KODIAK, AK (MICRO)
KODIAK
ISLAND 318,750 359,013 436,184 506,495
AK ANCHORAGE, AK (MSA)
MATANUSKA-
SUSIT 346,842 390,658 474,671 547,697
AK NON-METRO SITKA 431,250 485,724 590,132 680,921
AK NON-METRO
YAKUTAT
CITY 316,137 404,668 489,126 607,879

9

AZ NON-METRO APACHE 281,250 337,168 407,558 506,495
AZ FLAGSTAFF, AZ (MSA)
COCONINO
450,000 506,842 615,789 710,526
AZ PAYSON, AZ (MICRO) GILA 325,000 366,053 444,737 513,158
AZ PHOENIX-MESA-SCOTTSDALE, AZ (MSA) MARICOPA 346,250 389,987 473,816 546,711
AZ LAKE HAVASU CITY-KINGMAN, AZ (MICRO) MOHAVE 321,842 362,500 440,461 508,224
AZ NON-METRO NAVAJO 307,684 346,553 421,041 506,495
AZ TUCSON, AZ (MSA) PIMA 315,592 355,461 431,908 506,495
AZ PHOENIX-MESA-SCOTTSDALE, AZ (MSA) PINAL 346,250 389,987 473,816 546,711
AZ PRESCOTT, AZ (MSA) YAVAPAI 389,250 438,418 532,658 614,605

CA
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN
DIVISION ALAMEDA 477,355 611,117 738,699 918,021
CA NON-METRO ALPINE 477,355 611,117 738,699 918,021
CA NON-METRO
AMADOR
443,750 506,842 615,789 710,526
CA CHICO, CA (MSA) BUTTE 400,000 450,526 547,368 631,579
CA NON-METRO
CALAVERAS
477,355 550,461 668,816 774,671
CA NON-METRO
COLUSA
397,500 447,711 543,947 627,632
CA
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN
DIVISION
CONTRA
COSTA 477,355 611,117 738,699 918,021
CA CRESCENT CITY, CA (MICRO)
DEL NORTE
311,250 350,566 425,921 506,495
CA
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)
EL DORADO 477,355 587,092 713,289 823,026
CA FRESNO, CA (MSA) FRESNO 381,250 429,408 521,711 601,974
CA NON-METRO GLENN 286,842 337,168 407,558 506,495
CA EUREKA-ARCATA-FORTUNA, CA (MICRO) HUMBOLDT 393,750 443,487 538,816 621,711
CA EL CENTRO, CA (MSA) IMPERIAL 308,750 347,750 422,500 506,495
CA BISHOP, CA (MICRO) INYO 477,355 542,039 658,553 759,868
CA BAKERSFIELD, CA (MSA)
KERN
368,750 415,329 504,605 582,237
CA HANFORD-CORCORAN, CA (MSA) KINGS 312,316 351,766 427,379 506,495
CA CLEARLAKE, CA (MICRO) LAKE 401,250 451,934 549,079 633,553
CA SUSANVILLE, CA (MICRO) LASSEN 285,000 337,168 407,558 506,495
CA
LOS ANGELES-LONG BEACH-GLENDALE, CA
METROPOLITAN D LOS ANGELES 477,355 611,117 738,699 918,021
CA MADERA, CA (MSA) MADERA 425,000 478,684 581,579 671,053
CA
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA
METROPOLI MARIN 477,355 611,117 738,699 918,021
CA NON-METRO MARIPOSA 411,704 464,605 564,474 651,316
CA UKIAH, CA (MICRO) MENDOCINO 477,355 563,158 684,211 789,474
CA MERCED, CA (MSA) MERCED 471,557 531,122 645,288 744,564
CA NON-METRO MONO 477,355 611,117 738,699 918,021
CA SALINAS, CA (MSA) MONTEREY 477,355 611,117 738,699 918,021
CA NAPA, CA (MSA)
NAPA
477,355 611,117 738,699 918,021
CA TRUCKEE-GRASS VALLEY, CA (MICRO)
NEVADA
477,355 611,117 738,699 918,021
CA
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN
DIVISION ORANGE 477,355 611,117 738,699 918,021

10

CA
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)
PLACER 477,355 587,092 713,289 823,026
CA NON-METRO PLUMAS 410,000 461,789 561,053 647,368
CA RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA) RIVERSIDE 477,355 561,711 682,500 787,500
CA
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)
SACRAMENTO 477,355 587,092 713,289 823,026
CA SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)
SAN BENITO
477,355 611,117 738,699 918,021
CA RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)
SAN
BERNARDINO 477,355 561,711 682,500 787,500
CA SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA) SAN DIEGO 477,355 611,117 738,699 918,021
CA
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA
METROPOLI
SAN
FRANCISCO 477,355 611,117 738,699 918,021
CA STOCKTON, CA (MSA) SAN JOAQUIN 477,355 549,079 667,105 769,737
CA SAN LUIS OBISPO-PASO ROBLES, CA (MSA)
SAN LUIS
OBISPO 477,355 611,117 738,699 918,021
CA
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA
METROPOLI SAN MATEO 477,355 611,117 738,699 918,021
CA SANTA BARBARA-SANTA MARIA, CA (MSA)
SANTA
BARBARA 477,355 611,117 738,699 918,021
CA SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA) SANTA CLARA 477,355 611,117 738,699 918,021
CA SANTA CRUZ-WATSONVILLE, CA (MSA) SANTA CRUZ 477,355 611,117 738,699 918,021
CA REDDING, CA (MSA) SHASTA 423,625 477,136 579,697 668,882
CA NON-METRO SIERRA 281,250 337,168 407,558 506,495
CA NON-METRO SISKIYOU 293,750 337,168 407,558 506,495
CA VALLEJO-FAIRFIELD, CA (MSA) SOLANO 477,355 611,117 738,699 907,895
CA SANTA ROSA-PETALUMA, CA (MSA) SONOMA 477,355 611,117 738,699 918,021
CA MODESTO, CA (MSA) STANISLAUS 477,355 537,653 653,222 753,718
CA YUBA CITY, CA (MSA) SUTTER 424,680 478,325 581,142 670,549
CA RED BLUFF, CA (MICRO) TEHAMA 312,500 351,974 427,632 506,495
CA VISALIA-PORTERVILLE, CA (MSA) TULARE 325,000 366,053 444,737 513,158
CA PHOENIX LAKE-CEDAR RIDGE, CA (MICRO) TUOLUMNE 437,500 492,763 598,684 690,789
CA OXNARD-THOUSAND OAKS-VENTURA, CA (MSA) VENTURA 477,355 611,117 738,699 918,021
CA SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)
YOLO
477,355 587,092 713,289 823,026
CA YUBA CITY, CA (MSA)
YUBA
424,680 478,325 581,142 670,549

CO DENVER-AURORA, CO (MSA) ADAMS 405,750 457,003 555,237 640,658
CO DENVER-AURORA, CO (MSA) ARAPAHOE 405,750 457,003 555,237 640,658
CO NON-METRO
ARCHULETA
263,487 337,168 407,558 506,495
CO BOULDER, CO (MSA)
BOULDER
459,375 517,401 628,618 725,329
CO DENVER-AURORA, CO (MSA)
BROOMFIELD
405,750 457,003 555,237 640,658
CO DENVER-AURORA, CO (MSA) CLEAR CREEK 405,750 457,003 555,237 640,658
CO DENVER-AURORA, CO (MSA) DENVER 405,750 457,003 555,237 640,658
CO DENVER-AURORA, CO (MSA) DOUGLAS 405,750 457,003 555,237 640,658
CO EDWARDS, CO (MICRO) EAGLE 477,355 537,653 653,222 753,718
CO COLORADO SPRINGS, CO (MSA) EL PASO 325,000 366,053 444,737 513,158
CO DENVER-AURORA, CO (MSA) ELBERT 405,750 457,003 555,237 640,658
CO NON-METRO GARFIELD 393,209 442,878 538,075 620,857

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CO DENVER-AURORA, CO (MSA)
GILPIN
405,750 457,003 555,237 640,658
CO NON-METRO GRAND 293,750 337,168 407,558 506,495
CO DENVER-AURORA, CO (MSA) JEFFERSON 405,750 457,003 555,237 640,658
CO DURANGO, CO (MICRO) LA PLATA 443,750 499,803 607,237 700,658
CO EDWARDS, CO (MICRO) LAKE 477,355 537,653 653,222 753,718
CO FORT COLLINS-LOVELAND, CO (MSA) LARIMER 312,500 351,974 427,632 506,495
CO GRAND JUNCTION, CO (MSA) MESA 371,250 418,145 508,026 586,184
CO DENVER-AURORA, CO (MSA)
PARK
405,750 457,003 555,237 640,658
CO NON-METRO
PITKIN
381,999 488,975 591,028 734,521
CO NON-METRO ROUTT 398,026 448,303 544,667 628,462
CO NON-METRO SAN MIGUEL 477,355 611,117 738,699 918,021
CO SILVERTHORNE, CO (MICRO) SUMMIT 431,250 485,724 590,132 680,921
CO COLORADO SPRINGS, CO (MSA) TELLER 325,000 366,053 444,737 513,158
CO GREELEY, CO (MSA) WELD 416,547 469,163 570,012 657,707

CT BRIDGEPORT-STAMFORD-NORWALK, CT (MSA) FAIRFIELD 477,355 611,117 738,699 918,021
CT
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT
(MSA) HARTFORD 439,125 494,593 600,908 693,355
CT TORRINGTON, CT (MICRO)
LITCHFIELD
375,000 422,368 513,158 592,105
CT
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT
(MSA)
MIDDLESEX
439,125 494,593 600,908 693,355
CT NEW HAVEN-MILFORD, CT (MSA) NEW HAVEN 387,500 436,447 530,263 611,842
CT NORWICH-NEW LONDON, CT (MSA) NEW LONDON 398,750 449,118 545,658 629,605
CT
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT
(MSA) TOLLAND 439,125 494,593 600,908 693,355

DC
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
DISTRICT OF
COL 477,355 611,117 738,699 888,158

DE DOVER, DE (MSA)
KENT
375,093 422,474 513,286 592,253
DE WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION NEW CASTLE 385,112 433,758 526,996 608,072
DE SEAFORD, DE (MICRO) SUSSEX 325,000 366,053 444,737 513,158

FL GAINESVILLE, FL (MSA) ALACHUA 269,000 337,168 407,558 506,495
FL JACKSONVILLE, FL (MSA) BAKER 387,500 436,447 530,263 611,842
FL PANAMA CITY-LYNN HAVEN, FL (MSA) BAY 396,000 446,021 541,895 625,263
FL PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA) BREVARD 291,250 337,168 407,558 506,495
FL
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD
BEACH, FL BROWARD 477,355 544,336 661,343 763,088
FL PUNTA GORDA, FL (MSA) CHARLOTTE 295,012 337,168 407,558 506,495
FL JACKSONVILLE, FL (MSA) CLAY 387,500 436,447 530,263 611,842
FL NAPLES-MARCO ISLAND, FL (MSA)
COLLIER
477,355 563,017 684,039 789,276
FL JACKSONVILLE, FL (MSA)
DUVAL
387,500 436,447 530,263 611,842
FL PALM COAST, FL (MICRO) FLAGLER 287,500 337,168 407,558 506,495
FL GAINESVILLE, FL (MSA) GILCHRIST 269,000 337,168 407,558 506,495
FL TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) HERNANDO 292,500 337,168 407,558 506,495

12

FL TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA)
HILLSBOROU
GH 292,500 337,168 407,558 506,495
FL SEBASTIAN-VERO BEACH, FL (MSA) INDIAN RIVER 281,250 337,168 407,558 506,495
FL ORLANDO-KISSIMMEE, FL (MSA) LAKE 353,750 398,434 484,079 558,553
FL CAPE CORAL-FORT MYERS, FL (MSA) LEE 356,250 401,250 487,500 562,500
FL SARASOTA-BRADENTON-VENICE, FL (MSA) MANATEE 442,237 498,097 605,166 698,268
FL PORT ST. LUCIE-FORT PIERCE, FL (MSA) MARTIN 364,000 409,979 498,105 574,737
FL
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN
DIVISIO MIAMI-DADE 477,355 544,336 661,343 763,088
FL KEY WEST-MARATHON, FL (MICRO) MONROE 477,355 611,117 738,699 918,021
FL JACKSONVILLE, FL (MSA) NASSAU 387,500 436,447 530,263 611,842
FL FORT WALTON BEACH-CRESTVIEW-DESTIN, FL (MSA) OKALOOSA 312,375 351,833 427,461 506,495
FL ORLANDO-KISSIMMEE, FL (MSA)
ORANGE
353,750 398,434 484,079 558,553
FL ORLANDO-KISSIMMEE, FL (MSA) OSCEOLA 353,750 398,434 484,079 558,553
FL
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL
METRO PALM BEACH 477,355 544,336 661,343 763,088
FL TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) PASCO 292,500 337,168 407,558 506,495
FL TAMPA-ST. PETERSBURG-CLEARWATER, FL (MSA) PINELLAS 292,500 337,168 407,558 506,495
FL LAKELAND, FL (MSA)
POLK
270,000 337,168 407,558 506,495
FL SARASOTA-BRADENTON-VENICE, FL (MSA) SARASOTA 442,237 498,097 605,166 698,268
FL ORLANDO-KISSIMMEE, FL (MSA) SEMINOLE 353,750 398,434 484,079 558,553
FL JACKSONVILLE, FL (MSA)
ST. JOHNS
387,500 436,447 530,263 611,842
FL PORT ST. LUCIE-FORT PIERCE, FL (MSA) ST. LUCIE 364,000 409,979 498,105 574,737
FL THE VILLAGES, FL (MICRO) SUMTER 278,125 337,168 407,558 506,495
FL DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (MSA) VOLUSIA 302,864 341,121 414,446 506,495
FL NON-METRO WALTON 477,355 538,520 654,276 791,700

GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BARROW 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BARTOW 332,750 374,782 455,342 525,395
GA BRUNSWICK, GA (MSA) BRANTLEY 275,921 337,168 407,558 506,495
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) BUTTS 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CARROLL 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CHEROKEE 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) CLAYTON 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) COBB 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
COWETA
332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DAWSON 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DEKALB 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) DOUGLAS 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FAYETTE 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FORSYTH 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) FULTON 332,750 374,782 455,342 525,395
GA BRUNSWICK, GA (MSA)
GLYNN
275,921 337,168 407,558 506,495
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) GWINNETT 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HARALSON 332,750 374,782 455,342 525,395

13

GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HEARD 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) HENRY 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) JASPER 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) LAMAR 332,750 374,782 455,342 525,395
GA BRUNSWICK, GA (MSA) MCINTOSH 275,921 337,168 407,558 506,495
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) MERIWETHER 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) NEWTON 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PAULDING 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PICKENS 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) PIKE 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) ROCKDALE 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) SPALDING 332,750 374,782 455,342 525,395
GA ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA) WALTON 332,750 374,782 455,342 525,395

HI HILO, HI (MICRO) HAWAII 618,750 696,908 846,711 976,974
HI HONOLULU, HI (MSA) HONOLULU 716,033 865,929 1,052,063 1,213,918
HI KAPAA, HI (MICRO)
KAUAI
716,033 851,776 1,034,868 1,194,079
HI KAHULUI-WAILUKU, HI (MICRO) MAUI 716,033 840,461 1,021,184 1,178,289

ID BOISE CITY-NAMPA, ID (MSA) ADA 303,750 342,118 415,658 506,495
ID NON-METRO BLAINE 477,355 584,276 709,868 819,079
ID BOISE CITY-NAMPA, ID (MSA)
BOISE
303,750 342,118 415,658 506,495
ID BOISE CITY-NAMPA, ID (MSA) CANYON 303,750 342,118 415,658 506,495
ID BOISE CITY-NAMPA, ID (MSA) GEM 303,750 342,118 415,658 506,495
ID COEUR D'ALENE, ID (MSA) KOOTENAI 286,250 337,168 407,558 506,495
ID BOISE CITY-NAMPA, ID (MSA) OWYHEE 303,750 342,118 415,658 506,495
ID JACKSON, WY-ID (MICRO) TETON 477,355 611,117 738,699 918,021
ID NON-METRO
VALLEY
416,842 469,495 570,461 658,224

IL ST. LOUIS, MO-IL (MSA) BOND 281,250 337,168 407,558 506,495
IL ST. LOUIS, MO-IL (MSA) CALHOUN 281,250 337,168 407,558 506,495
IL ST. LOUIS, MO-IL (MSA) CLINTON 281,250 337,168 407,558 506,495
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO COOK 362,105 407,845 495,512 571,745
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO DEKALB 362,105 407,845 495,512 571,745
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO DUPAGE 362,105 407,845 495,512 571,745
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO GRUNDY 362,105 407,845 495,512 571,745
IL ST. LOUIS, MO-IL (MSA) JERSEY 281,250 337,168 407,558 506,495
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO
KANE
362,105 407,845 495,512 571,745
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO KENDALL 362,105 407,845 495,512 571,745
IL
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN
DIV LAKE 362,105 407,845 495,512 571,745
IL ST. LOUIS, MO-IL (MSA) MACOUPIN 281,250 337,168 407,558 506,495

14

IL ST. LOUIS, MO-IL (MSA) MADISON 281,250 337,168 407,558 506,495
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO MCHENRY 362,105 407,845 495,512 571,745
IL ST. LOUIS, MO-IL (MSA) MONROE 281,250 337,168 407,558 506,495
IL ST. LOUIS, MO-IL (MSA) ST. CLAIR 281,250 337,168 407,558 506,495
IL
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN
DIVISIO WILL 362,105 407,845 495,512 571,745

IN LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) CLARK 301,875 340,007 413,092 506,495
IN CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) DEARBORN 337,500 380,132 461,842 532,895
IN LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) FLOYD 301,875 340,007 413,092 506,495
IN CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)
FRANKLIN
337,500 380,132 461,842 532,895
IN LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) HARRISON 301,875 340,007 413,092 506,495
IN GARY, IN METROPOLITAN DIVISION
JASPER
362,105 407,845 495,512 571,745
IN GARY, IN METROPOLITAN DIVISION LAKE 362,105 407,845 495,512 571,745
IN GARY, IN METROPOLITAN DIVISION NEWTON 362,105 407,845 495,512 571,745
IN CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) OHIO 337,500 380,132 461,842 532,895
IN GARY, IN METROPOLITAN DIVISION
PORTER
362,105 407,845 495,512 571,745
IN LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) WASHINGTON 301,875 340,007 413,092 506,495

KS KANSAS CITY, MO-KS (MSA)
FRANKLIN
268,750 337,168 407,558 506,495
KS KANSAS CITY, MO-KS (MSA)
JOHNSON
268,750 337,168 407,558 506,495
KS KANSAS CITY, MO-KS (MSA)
LEAVENWORT
H 268,750 337,168 407,558 506,495
KS KANSAS CITY, MO-KS (MSA) LINN 268,750 337,168 407,558 506,495
KS KANSAS CITY, MO-KS (MSA) MIAMI 268,750 337,168 407,558 506,495
KS KANSAS CITY, MO-KS (MSA) WYANDOTTE 268,750 337,168 407,558 506,495

KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BOONE 337,500 380,132 461,842 532,895
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BRACKEN 337,500 380,132 461,842 532,895
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) BULLITT 301,875 340,007 413,092 506,495
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) CAMPBELL 337,500 380,132 461,842 532,895
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) GALLATIN 337,500 380,132 461,842 532,895
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) GRANT 337,500 380,132 461,842 532,895
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) HENRY 301,875 340,007 413,092 506,495
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) JEFFERSON 301,875 340,007 413,092 506,495
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) KENTON 337,500 380,132 461,842 532,895
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) MEADE 301,875 340,007 413,092 506,495
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) NELSON 301,875 340,007 413,092 506,495
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) OLDHAM 301,875 340,007 413,092 506,495
KY CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) PENDLETON 337,500 380,132 461,842 532,895
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) SHELBY 301,875 340,007 413,092 506,495
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) SPENCER 301,875 340,007 413,092 506,495
KY LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA) TRIMBLE 301,875 340,007 413,092 506,495

15

LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA) JEFFERSON 287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA)
ORLEANS
287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA)
PLAQUEMINE
S 287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. BERNARD 287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA)
ST. CHARLES
287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA)
ST. JOHN THE
BA 287,500 337,168 407,558 506,495
LA NEW ORLEANS-METAIRIE-KENNER, LA (MSA) ST. TAMMANY 287,500 337,168 407,558 506,495

MA BARNSTABLE TOWN, MA (MSA)
BARNSTABLE
477,355 577,237 701,316 809,211
MA PITTSFIELD, MA (MSA)
BERKSHIRE
269,125 337,168 407,558 506,495
MA
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)
BRISTOL 416,250 472,891 571,567 710,309
MA NON-METRO DUKES 477,355 611,117 738,699 918,021
MA ESSEX COUNTY, MA METROPOLITAN DIVISION ESSEX 477,355 606,728 737,146 850,554
MA SPRINGFIELD, MA (MSA)
FRANKLIN
273,500 337,168 407,558 506,495
MA SPRINGFIELD, MA (MSA) HAMPDEN 273,500 337,168 407,558 506,495
MA SPRINGFIELD, MA (MSA) HAMPSHIRE 273,500 337,168 407,558 506,495
MA
CAMBRIDGE-NEWTON-FRAMINGHAM, MA
METROPOLITAN DIVIS
MIDDLESEX
477,355 606,728 737,146 850,554
MA NON-METRO NANTUCKET 477,355 611,117 738,699 918,021
MA BOSTON-QUINCY, MA METROPOLITAN DIVISION NORFOLK 477,355 606,728 737,146 850,554
MA BOSTON-QUINCY, MA METROPOLITAN DIVISION
PLYMOUTH
477,355 606,728 737,146 850,554
MA BOSTON-QUINCY, MA METROPOLITAN DIVISION SUFFOLK 477,355 606,728 737,146 850,554
MA WORCESTER, MA (MSA) WORCESTER 385,000 488,975 591,028 734,521

MD BALTIMORE-TOWSON, MD (MSA)
ANNE
ARUNDEL 477,355 537,653 653,222 753,718
MD BALTIMORE-TOWSON, MD (MSA) BALTIMORE 477,355 537,653 653,222 753,718
MD BALTIMORE-TOWSON, MD (MSA)
BALTIMORE
CITY 477,355 537,653 653,222 753,718
MD
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO CALVERT 477,355 611,117 738,699 888,158
MD BALTIMORE-TOWSON, MD (MSA) CARROLL 477,355 537,653 653,222 753,718
MD WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
CECIL
385,112 433,758 526,996 608,072
MD
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO CHARLES 477,355 611,117 738,699 888,158
MD BETHESDA-GAITHERSBURG-FREDERICK, MD METR
FREDERICK
477,355 611,117 738,699 888,158
MD NON-METRO GARRETT 437,500 492,763 598,684 690,789
MD BALTIMORE-TOWSON, MD (MSA) HARFORD 477,355 537,653 653,222 753,718
MD BALTIMORE-TOWSON, MD (MSA) HOWARD 477,355 537,653 653,222 753,718
MD NON-METRO KENT 327,089 368,405 447,596 516,457
MD BETHESDA-GAITHERSBURG-FREDERICK, MD METR
MONTGOMER
Y 477,355 611,117 738,699 888,158
MD
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
PRINCE
GEORGE'S 477,355 611,117 738,699 888,158
MD BALTIMORE-TOWSON, MD (MSA)
QUEEN
ANNE'S 477,355 537,653 653,222 753,718

16

MD SALISBURY, MD (MSA) SOMERSET 328,737 370,262 449,851 519,059
MD LEXINGTON PARK, MD (MICRO)
ST. MARY'S
381,250 429,408 521,711 601,974
MD EASTON, MD (MICRO)
TALBOT
371,250 418,145 508,026 599,342
MD HAGERSTOWN-MARTINSBURG, MD-WV (MSA)
WASHINGTON
377,500 425,184 516,579 596,053
MD SALISBURY, MD (MSA) WICOMICO 328,737 370,262 449,851 519,059
MD OCEAN PINES, MD (MICRO) WORCESTER 437,499 492,761 598,682 690,787

ME
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA)
CUMBERLAND 336,875 379,428 460,987 531,908
ME NON-METRO HANCOCK 272,500 337,168 407,558 506,495
ME NON-METRO LINCOLN 317,625 357,746 434,645 506,495
ME
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA)
SAGADAHOC 336,875 379,428 460,987 531,908
ME
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME (MSA)

YORK
336,875 379,428 460,987 531,908

MI NILES-BENTON HARBOR, MI (MSA) BERRIEN 298,750 337,168 408,816 506,495
MI KALAMAZOO-PORTAGE, MI (MSA) KALAMAZOO 285,625 337,168 407,558 506,495
MI WARREN-TROY-FARMINGTON HILLS, MI METROPO LAPEER 297,500 337,168 407,558 506,495
MI ADRIAN, MI (MICRO)
LENAWEE
297,500 337,168 407,558 506,495
MI WARREN-TROY-FARMINGTON HILLS, MI METROPO
LIVINGSTON
297,500 337,168 407,558 506,495
MI WARREN-TROY-FARMINGTON HILLS, MI METROPO MACOMB 297,500 337,168 407,558 506,495
MI MONROE, MI (MSA) MONROE 297,500 337,168 407,558 506,495
MI WARREN-TROY-FARMINGTON HILLS, MI METROPO OAKLAND 297,500 337,168 407,558 506,495
MI WARREN-TROY-FARMINGTON HILLS, MI METROPO ST. CLAIR 297,500 337,168 407,558 506,495
MI KALAMAZOO-PORTAGE, MI (MSA) VAN BUREN 285,625 337,168 407,558 506,495
MI ANN ARBOR, MI (MSA) WASHTENAW 344,875 388,438 471,934 544,539
MI
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN
DIVISION WAYNE 297,500 337,168 407,558 506,495

MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) ANOKA 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) CARVER 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) CHISAGO 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA)
DAKOTA
364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA)
HENNEPIN
364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA)
ISANTI
364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) RAMSEY 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) SCOTT 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) SHERBURNE 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) WASHINGTON 364,057 410,042 498,183 574,826
MN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA)
WRIGHT
364,057 410,042 498,183 574,826

MO KANSAS CITY, MO-KS (MSA) BATES 268,750 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA) CALDWELL 268,750 337,168 407,558 506,495

17

MO KANSAS CITY, MO-KS (MSA)
CASS
268,750 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA) CLAY 268,750 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA)
CLINTON
268,750 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA) CRAWFORD 281,250 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA)
FRANKLIN
281,250 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA)
JACKSON
268,750 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA)
JEFFERSON
281,250 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA) LAFAYETTE 268,750 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA) LINCOLN 281,250 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA)
PLATTE
268,750 337,168 407,558 506,495
MO KANSAS CITY, MO-KS (MSA) RAY 268,750 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA)
ST. CHARLES
281,250 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA) ST. LOUIS 281,250 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA)
ST. LOUIS
CITY 281,250 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA) WARREN 281,250 337,168 407,558 506,495
MO ST. LOUIS, MO-IL (MSA) WASHINGTON 281,250 337,168 407,558 506,495

MT KALISPELL, MT (MICRO)
FLATHEAD
299,875 337,754 410,355 506,495
MT BOZEMAN, MT (MICRO) GALLATIN 331,250 373,092 453,289 523,026
MT MISSOULA, MT (MSA)
MISSOULA
290,625 337,168 407,558 506,495

NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) ANSON 303,250 341,555 414,974 506,495
NC WILMINGTON, NC (MSA) BRUNSWICK 303,125 341,414 414,803 506,495
NC ASHEVILLE, NC (MSA) BUNCOMBE 303,125 341,414 414,803 506,495
NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) CABARRUS 303,250 341,555 414,974 506,495
NC MOREHEAD CITY, NC (MICRO) CARTERET 287,500 337,168 407,558 506,495
NC DURHAM, NC (MSA)
CHATHAM
312,500 351,974 427,632 506,495
NC
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) CURRITUCK 412,500 464,605 564,474 651,316
NC KILL DEVIL HILLS, NC (MICRO)
DARE
460,000 518,105 629,474 726,316
NC DURHAM, NC (MSA)
DURHAM
312,500 351,974 427,632 506,495
NC RALEIGH-CARY, NC (MSA) FRANKLIN 295,000 337,168 407,558 506,495
NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) GASTON 303,250 341,555 414,974 506,495
NC ASHEVILLE, NC (MSA) HAYWOOD 303,125 341,414 414,803 506,495
NC ASHEVILLE, NC (MSA) HENDERSON 303,125 341,414 414,803 506,495
NC RALEIGH-CARY, NC (MSA) JOHNSTON 295,000 337,168 407,558 506,495
NC ASHEVILLE, NC (MSA)
MADISON
303,125 341,414 414,803 506,495
NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA)
MECKLENBUR
G 303,250 341,555 414,974 506,495
NC WILMINGTON, NC (MSA)
NEW
HANOVER 303,125 341,414 414,803 506,495

18

NC JACKSONVILLE, NC (MSA) ONSLOW 306,250 344,934 419,079 506,495
NC DURHAM, NC (MSA) ORANGE 312,500 351,974 427,632 506,495
NC WILMINGTON, NC (MSA) PENDER 303,125 341,414 414,803 506,495
NC DURHAM, NC (MSA) PERSON 312,500 351,974 427,632 506,495
NC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA) UNION 303,250 341,555 414,974 506,495
NC RALEIGH-CARY, NC (MSA) WAKE 295,000 337,168 407,558 506,495

NH MANCHESTER-NASHUA, NH (MSA)
HILLSBOROU
GH 401,875 488,975 591,028 734,521
NH CONCORD, NH (MICRO) MERRIMACK 277,500 337,168 407,558 506,495
NH
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH
METROPOLITA ROCKINGHAM 477,355 606,728 737,146 850,554
NH
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH
METROPOLITA STRAFFORD 477,355 606,728 737,146 850,554

NJ ATLANTIC CITY, NJ (MSA) ATLANTIC 453,750 511,066 620,921 716,447
NJ NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO BERGEN 477,355 611,117 738,699 918,021
NJ CAMDEN, NJ METROPOLITAN DIVISION BURLINGTON 385,112 433,758 526,996 608,072
NJ CAMDEN, NJ METROPOLITAN DIVISION CAMDEN 385,112 433,758 526,996 608,072
NJ OCEAN CITY, NJ (MSA) CAPE MAY 477,355 558,934 679,079 783,553
NJ VINELAND-MILLVILLE-BRIDGETON, NJ (MSA) CUMBERLAND 405,000 456,158 554,211 639,474
NJ NEWARK-UNION, NJ-PA METROPOLITAN DIVISION ESSEX 477,355 611,117 738,699 918,021
NJ CAMDEN, NJ METROPOLITAN DIVISION GLOUCESTER 385,112 433,758 526,996 608,072
NJ NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO
HUDSON
477,355 611,117 738,699 918,021
NJ NEWARK-UNION, NJ-PA METROPOLITAN DIVISION HUNTERDON 477,355 611,117 738,699 918,021
NJ TRENTON-EWING, NJ (MSA)
MERCER
439,550 495,071 601,489 694,026
NJ EDISON, NJ METROPOLITAN DIVISION
MIDDLESEX
477,355 611,117 738,699 918,021
NJ EDISON, NJ METROPOLITAN DIVISION MONMOUTH 477,355 611,117 738,699 918,021
NJ NEWARK-UNION, NJ-PA METROPOLITAN DIVISION MORRIS 477,355 611,117 738,699 918,021
NJ EDISON, NJ METROPOLITAN DIVISION OCEAN 477,355 611,117 738,699 918,021
NJ NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO PASSAIC 477,355 611,117 738,699 918,021
NJ WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION SALEM 385,112 433,758 526,996 608,072
NJ EDISON, NJ METROPOLITAN DIVISION SOMERSET 477,355 611,117 738,699 918,021
NJ NEWARK-UNION, NJ-PA METROPOLITAN DIVISION SUSSEX 477,355 611,117 738,699 918,021
NJ NEWARK-UNION, NJ-PA METROPOLITAN DIVISION UNION 477,355 611,117 738,699 918,021
NJ ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) WARREN 402,192 459,255 557,974 643,816

NM LOS ALAMOS, NM (MICRO) LOS ALAMOS 318,750 359,013 436,184 506,495
NM FARMINGTON, NM (MSA) SAN JUAN 281,250 337,168 407,558 506,495
NM SANTA FE, NM (MSA) SANTA FE 426,432 480,296 583,538 673,313

NV CARSON CITY, NV (MSA)
CARSON CITY
398,750 449,118 545,658 629,605
NV LAS VEGAS-PARADISE, NV (MSA) CLARK 400,000 450,526 547,368 631,579
NV GARDNERVILLE RANCHOS, NV (MICRO) DOUGLAS 477,355 582,829 708,158 817,105
NV ELKO, NV (MICRO)
ELKO
325,000 366,053 444,737 513,158

19

NV ELKO, NV (MICRO) EUREKA 325,000 366,053 444,737 513,158
NV FERNLEY, NV (MICRO)
LYON
331,250 373,092 453,289 523,026
NV PAHRUMP, NV (MICRO) NYE 325,000 366,053 444,737 513,158
NV RENO-SPARKS, NV (MSA) STOREY 477,355 537,653 653,222 753,718
NV RENO-SPARKS, NV (MSA) WASHOE 477,355 537,653 653,222 753,718

NY ALBANY-SCHENECTADY-TROY, NY (MSA) ALBANY 312,375 351,833 427,461 506,495
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO
BRONX
477,355 611,117 738,699 918,021
NY
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (MSA)

DUTCHESS
443,750 499,803 607,237 700,658
NY BUFFALO-NIAGARA FALLS, NY (MSA) ERIE 275,075 337,168 407,558 506,495
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO KINGS 477,355 611,117 738,699 918,021
NY ROCHESTER, NY (MSA)
LIVINGSTON
268,750 337,168 407,558 506,495
NY SYRACUSE, NY (MSA)
MADISON
281,250 337,168 407,558 506,495
NY ROCHESTER, NY (MSA)
MONROE
268,750 337,168 407,558 506,495
NY NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
NASSAU
477,355 611,117 738,699 918,021
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO NEW YORK 477,355 611,117 738,699 918,021
NY BUFFALO-NIAGARA FALLS, NY (MSA) NIAGARA 275,075 337,168 407,558 506,495
NY SYRACUSE, NY (MSA) ONONDAGA 281,250 337,168 407,558 506,495
NY ROCHESTER, NY (MSA) ONTARIO 268,750 337,168 407,558 506,495
NY
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (MSA)

ORANGE
443,750 499,803 607,237 700,658
NY ROCHESTER, NY (MSA) ORLEANS 268,750 337,168 407,558 506,495
NY SYRACUSE, NY (MSA)
OSWEGO
281,250 337,168 407,558 506,495
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO PUTNAM 477,355 611,117 738,699 918,021
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO QUEENS 477,355 611,117 738,699 918,021
NY ALBANY-SCHENECTADY-TROY, NY (MSA) RENSSELAER 312,375 351,833 427,461 506,495
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO
RICHMOND
477,355 611,117 738,699 918,021
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO ROCKLAND 477,355 611,117 738,699 918,021
NY ALBANY-SCHENECTADY-TROY, NY (MSA) SARATOGA 312,375 351,833 427,461 506,495
NY ALBANY-SCHENECTADY-TROY, NY (MSA)
SCHENECTAD
Y 312,375 351,833 427,461 506,495
NY ALBANY-SCHENECTADY-TROY, NY (MSA) SCHOHARIE 312,375 351,833 427,461 506,495
NY NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
SUFFOLK
477,355 611,117 738,699 918,021
NY KINGSTON, NY (MSA) ULSTER 406,250 457,566 555,921 641,447
NY ROCHESTER, NY (MSA) WAYNE 268,750 337,168 407,558 506,495
NY NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METRO
WESTCHESTE
R 477,355 611,117 738,699 918,021

OH ASHTABULA, OH (MICRO) ASHTABULA 290,797 337,168 407,558 506,495
OH CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)
BROWN
337,500 380,132 461,842 532,895
OH CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) BUTLER 337,500 380,132 461,842 532,895
OH CANTON-MASSILLON, OH (MSA) CARROLL 277,500 337,168 407,558 506,495
OH CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) CLERMONT 337,500 380,132 461,842 532,895

20

OH CLEVELAND-ELYRIA-MENTOR, OH (MSA) CUYAHOGA 297,550 337,168 407,558 506,495
OH COLUMBUS, OH (MSA) DELAWARE 307,500 346,342 420,789 506,495
OH COLUMBUS, OH (MSA) FAIRFIELD 307,500 346,342 420,789 506,495
OH COLUMBUS, OH (MSA)
FRANKLIN
307,500 346,342 420,789 506,495
OH CLEVELAND-ELYRIA-MENTOR, OH (MSA) GEAUGA 297,550 337,168 407,558 506,495
OH DAYTON, OH (MSA) GREENE 271,250 337,168 407,558 506,495
OH CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)
HAMILTON
337,500 380,132 461,842 532,895
OH CLEVELAND-ELYRIA-MENTOR, OH (MSA) LAKE 297,550 337,168 407,558 506,495
OH COLUMBUS, OH (MSA) LICKING 307,500 346,342 420,789 506,495
OH CLEVELAND-ELYRIA-MENTOR, OH (MSA) LORAIN 297,550 337,168 407,558 506,495
OH COLUMBUS, OH (MSA)
MADISON
307,500 346,342 420,789 506,495
OH CLEVELAND-ELYRIA-MENTOR, OH (MSA) MEDINA 297,550 337,168 407,558 506,495
OH DAYTON, OH (MSA) MIAMI 271,250 337,168 407,558 506,495
OH DAYTON, OH (MSA)
MONTGOMER
Y 271,250 337,168 407,558 506,495
OH COLUMBUS, OH (MSA) MORROW 307,500 346,342 420,789 506,495
OH COLUMBUS, OH (MSA) PICKAWAY 307,500 346,342 420,789 506,495
OH AKRON, OH (MSA)
PORTAGE
330,000 371,684 451,579 521,053
OH DAYTON, OH (MSA)
PREBLE
271,250 337,168 407,558 506,495
OH CANTON-MASSILLON, OH (MSA) STARK 277,500 337,168 407,558 506,495
OH AKRON, OH (MSA) SUMMIT 330,000 371,684 451,579 521,053
OH COLUMBUS, OH (MSA) UNION 307,500 346,342 420,789 506,495
OH CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA) WARREN 337,500 380,132 461,842 532,895

OR CORVALLIS, OR (MSA) BENTON 331,842 373,758 454,099 523,961
OR
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)
CLACKAMAS 401,250 451,934 549,079 633,553
OR ASTORIA, OR (MICRO) CLATSOP 346,842 390,658 474,671 547,697
OR
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)

COLUMBIA
401,250 451,934 549,079 633,553
OR BEND, OR (MSA) DESCHUTES 447,500 504,026 612,368 706,579
OR HOOD RIVER, OR (MICRO)
HOOD RIVER
393,750 443,487 538,816 621,711
OR MEDFORD, OR (MSA) JACKSON 422,500 475,868 578,158 667,105
OR GRANTS PASS, OR (MICRO) JOSEPHINE 324,868 365,904 444,557 512,961
OR EUGENE-SPRINGFIELD, OR (MSA) LANE 343,209 386,562 469,655 541,911
OR NON-METRO
LINCOLN
312,368 351,825 427,451 506,495
OR SALEM, OR (MSA) MARION 294,250 337,168 407,558 506,495
OR
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)
MULTNOMAH 401,250 451,934 549,079 633,553
OR SALEM, OR (MSA)
POLK
294,250 337,168 407,558 506,495
OR NON-METRO
TILLAMOOK
343,750 387,171 470,395 542,763
OR
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)
WASHINGTON 401,250 451,934 549,079 633,553
OR
PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA)
YAMHILL 401,250 451,934 549,079 633,553

21

PA PITTSBURGH, PA (MSA) ALLEGHENY 327,500 368,868 448,158 517,105
PA PITTSBURGH, PA (MSA) ARMSTRONG 327,500 368,868 448,158 517,105
PA PITTSBURGH, PA (MSA) BEAVER 327,500 368,868 448,158 517,105
PA READING, PA (MSA) BERKS 300,000 337,895 410,526 506,495
PA PHILADELPHIA, PA METROPOLITAN DIVISION BUCKS 385,112 433,758 526,996 608,072
PA PITTSBURGH, PA (MSA) BUTLER 327,500 368,868 448,158 517,105
PA ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA) CARBON 402,192 459,255 557,974 643,816
PA STATE COLLEGE, PA (MSA) CENTRE 279,375 337,168 407,558 506,495
PA PHILADELPHIA, PA METROPOLITAN DIVISION CHESTER 385,112 433,758 526,996 608,072
PA PHILADELPHIA, PA METROPOLITAN DIVISION DELAWARE 385,112 433,758 526,996 608,072
PA PITTSBURGH, PA (MSA) FAYETTE 327,500 368,868 448,158 517,105
PA LANCASTER, PA (MSA) LANCASTER 383,250 431,661 524,447 605,132
PA ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA)
LEHIGH
402,192 459,255 557,974 643,816
PA PHILADELPHIA, PA METROPOLITAN DIVISION
MONTGOMER
Y 385,112 433,758 526,996 608,072
PA ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (MSA)
NORTHAMPTO
N 402,192 459,255 557,974 643,816
PA PHILADELPHIA, PA METROPOLITAN DIVISION
PHILADELPHI
A 385,112 433,758 526,996 608,072
PA NEWARK-UNION, NJ-PA METROPOLITAN DIVISION PIKE 477,355 611,117 738,699 918,021
PA PITTSBURGH, PA (MSA)
WASHINGTON
327,500 368,868 448,158 517,105
PA PITTSBURGH, PA (MSA)
WESTMOREL
AND 327,500 368,868 448,158 517,105
PA YORK-HANOVER, PA (MSA)
YORK
424,587 478,218 581,014 670,401

PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
AGUAS
BUENAS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) AIBONITO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) ARECIBO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
BARCELONET
A 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
BARRANQUIT
AS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) BAYAMON 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAGUAS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
CAMUY
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CANOVANAS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAROLINA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CATANO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CAYEY 325,000 366,053 444,737 513,158
PR FAJARDO, PR (MSA)
CEIBA
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CIALES 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) CIDRA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) COMERIO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) COROZAL 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) DORADO 325,000 366,053 444,737 513,158
PR FAJARDO, PR (MSA) FAJARDO 325,000 366,053 444,737 513,158

22

PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) FLORIDA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) GUAYNABO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
GURABO
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) HATILLO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
HUMACAO
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) JUNCOS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) LAS PIEDRAS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) LOIZA 325,000 366,053 444,737 513,158
PR FAJARDO, PR (MSA)
LUQUILLO
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) MANATI 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) MAUNABO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
MOROVIS
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) NAGUABO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) NARANJITO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) OROCOVIS 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
QUEBRADILLA
S 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
RIO GRANDE
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
SAN JUAN
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
SAN
LORENZO
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
TOA ALTA
325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) TOA BAJA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA)
TRUJILLO
ALTO 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) VEGA ALTA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) VEGA BAJA 325,000 366,053 444,737 513,158
PR SAN JUAN-CAGUAS-GUAYNABO, PR (MSA) YABUCOA 325,000 366,053 444,737 513,158

RI
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)
BRISTOL 416,250 472,891 571,567 710,309
RI
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)

KENT
416,250 472,891 571,567 710,309
RI
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)
NEWPORT 416,250 472,891 571,567 710,309
RI
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)

PROVIDENCE
416,250 472,891 571,567 710,309
RI
PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA)
WASHINGTON 416,250 472,891 571,567 710,309

SC HILTON HEAD ISLAND-BEAUFORT, SC (MICRO)
BEAUFORT
373,750 420,961 511,447 590,132
SC CHARLESTON-NORTH CHARLESTON, SC (MSA)
BERKELEY
334,375 376,612 457,566 527,961
SC CHARLESTON-NORTH CHARLESTON, SC (MSA) CHARLESTON 334,375 376,612 457,566 527,961
SC CHARLESTON-NORTH CHARLESTON, SC (MSA) DORCHESTER 334,375 376,612 457,566 527,961
SC GREENVILLE, SC (MSA) GREENVILLE 294,541 337,168 407,558 506,495

23

SC
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC
(MSA) HORRY 286,250 337,168 407,558 506,495
SC HILTON HEAD ISLAND-BEAUFORT, SC (MICRO)
JASPER
373,750 420,961 511,447 590,132
SC GREENVILLE, SC (MSA) LAURENS 294,541 337,168 407,558 506,495
SC GREENVILLE, SC (MSA)
PICKENS
294,541 337,168 407,558 506,495
SC CHARLOTTE-GASTONIA-CONCORD, NC-SC (MSA)
YORK
303,250 341,555 414,974 506,495

TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
CANNON
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) CHEATHAM 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
DAVIDSON
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) DICKSON 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
HICKMAN
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) MACON 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
ROBERTSON
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) RUTHERFORD 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) SMITH 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
SUMNER
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) TROUSDALE 297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA)
WILLIAMSON
297,500 337,168 407,558 506,495
TN NASHVILLE-DAVIDSON--MURFREESBORO, TN (MSA) WILSON 297,500 337,168 407,558 506,495

UT OGDEN-CLEARFIELD, UT (MSA)
DAVIS
346,563 390,339 474,243 547,204
UT PROVO-OREM, UT (MSA) JUAB 305,664 344,275 418,279 506,495
UT NON-METRO
KANE
383,064 431,453 524,193 604,839
UT OGDEN-CLEARFIELD, UT (MSA) MORGAN 346,563 390,339 474,243 547,204
UT SALT LAKE CITY, UT (MSA) SALT LAKE 477,355 611,117 738,699 863,487
UT SALT LAKE CITY, UT (MSA) SUMMIT 477,355 611,117 738,699 863,487
UT SALT LAKE CITY, UT (MSA)
TOOELE
477,355 611,117 738,699 863,487
UT PROVO-OREM, UT (MSA)
UTAH
305,664 344,275 418,279 506,495
UT ST. GEORGE, UT (MSA) WASHINGTON 372,500 419,553 509,737 588,158
UT OGDEN-CLEARFIELD, UT (MSA) WEBER 346,563 390,339 474,243 547,204

VA CHARLOTTESVILLE, VA (MSA)
ALBEMARLE
425,000 478,684 581,579 671,053
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
ALEXANDRIA
477,355 611,117 738,699 888,158
VA RICHMOND, VA (MSA) AMELIA 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO ARLINGTON 477,355 611,117 738,699 888,158
VA RICHMOND, VA (MSA) CAROLINE 347,500 391,395 475,526 548,684
VA RICHMOND, VA (MSA)
CHARLES
CITY 347,500 391,395 475,526 548,684
VA CHARLOTTESVILLE, VA (MSA)
CHARLOTTES
VILLE 425,000 478,684 581,579 671,053

24

VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) CHESAPEAKE 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA)
CHESTERFIEL
D 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO CLARKE 477,355 611,117 738,699 888,158
VA RICHMOND, VA (MSA)
COLONIAL
HEIGHT 347,500 391,395 475,526 548,684
VA CULPEPER, VA (MICRO) CULPEPER 381,999 448,442 544,837 628,658
VA RICHMOND, VA (MSA) CUMBERLAND 347,500 391,395 475,526 548,684
VA RICHMOND, VA (MSA) DINWIDDIE 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO FAIRFAX 477,355 611,117 738,699 888,158
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO FAIRFAX IND 477,355 611,117 738,699 888,158
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
FALLS
CHURCH 477,355 611,117 738,699 888,158
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO FAUQUIER 477,355 611,117 738,699 888,158
VA CHARLOTTESVILLE, VA (MSA) FLUVANNA 425,000 478,684 581,579 671,053
VA WINCHESTER, VA-WV (MSA)
FREDERICK
475,000 535,000 650,000 750,000
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
FREDERICKS
BURG 477,355 611,117 738,699 888,158
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) GLOUCESTER 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA) GOOCHLAND 347,500 391,395 475,526 548,684
VA CHARLOTTESVILLE, VA (MSA) GREENE 425,000 478,684 581,579 671,053
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) HAMPTON 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA) HANOVER 347,500 391,395 475,526 548,684
VA RICHMOND, VA (MSA) HENRICO 347,500 391,395 475,526 548,684
VA RICHMOND, VA (MSA) HOPEWELL 347,500 391,395 475,526 548,684
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA)
ISLE OF
WIGHT 412,500 464,605 564,474 651,316
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) JAMES CITY 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA)
KING AND
QUEEN 347,500 391,395 475,526 548,684
VA NON-METRO KING GEORGE 381,999 448,442 544,837 628,658
VA RICHMOND, VA (MSA) KING WILLIAM 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO LOUDOUN 477,355 611,117 738,699 888,158
VA RICHMOND, VA (MSA) LOUISA 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO MANASSAS 477,355 611,117 738,699 888,158
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
MANASSAS
PARK 477,355 611,117 738,699 888,158
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) MATHEWS 412,500 464,605 564,474 651,316
VA CHARLOTTESVILLE, VA (MSA) NELSON 425,000 478,684 581,579 671,053
VA RICHMOND, VA (MSA) NEW KENT 347,500 391,395 475,526 548,684
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA)
NEWPORT
NEWS 412,500 464,605 564,474 651,316
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) NORFOLK 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA) PETERSBURG 347,500 391,395 475,526 548,684
VA VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC POQUOSON 412,500 464,605 564,474 651,316

25

(MSA)
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) PORTSMOUTH 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA)
POWHATAN
347,500 391,395 475,526 548,684
VA RICHMOND, VA (MSA)
PRINCE
GEORGE 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
PRINCE
WILLIAM 477,355 611,117 738,699 888,158
VA RICHMOND, VA (MSA)
RICHMOND
IND 347,500 391,395 475,526 548,684
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO
SPOTSYLVANI
A 477,355 611,117 738,699 888,158
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO STAFFORD 477,355 611,117 738,699 888,158
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) SUFFOLK 412,500 464,605 564,474 651,316
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA) SURRY 412,500 464,605 564,474 651,316
VA RICHMOND, VA (MSA) SUSSEX 347,500 391,395 475,526 548,684
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA)
VIRGINIA
BEACH 412,500 464,605 564,474 651,316
VA
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO WARREN 477,355 611,117 738,699 888,158
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA)
WILLIAMSBUR
G 412,500 464,605 564,474 651,316
VA WINCHESTER, VA-WV (MSA) WINCHESTER 475,000 535,000 650,000 750,000
VA
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC
(MSA)
YORK
412,500 464,605 564,474 651,316

VI NON-METRO ST. CROIX 287,500 337,168 407,558 506,495
VI NON-METRO ST. THOMAS 318,750 359,013 436,184 506,495

VT BURLINGTON-SOUTH BURLINGTON, VT (MSA) CHITTENDEN 318,750 359,013 436,184 506,495
VT BURLINGTON-SOUTH BURLINGTON, VT (MSA) FRANKLIN 318,750 359,013 436,184 506,495
VT BURLINGTON-SOUTH BURLINGTON, VT (MSA) GRAND ISLE 318,750 359,013 436,184 506,495

WA KENNEWICK-RICHLAND-PASCO, WA (MSA) BENTON 274,875 337,168 407,558 506,495
WA WENATCHEE, WA (MSA) CHELAN 323,092 363,903 442,125 510,145
WA PORT ANGELES, WA (MICRO) CLALLAM 296,250 337,168 407,558 506,495
WA PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) CLARK 401,250 451,934 549,079 633,553
WA WENATCHEE, WA (MSA)
DOUGLAS
323,092 363,903 442,125 510,145
WA KENNEWICK-RICHLAND-PASCO, WA (MSA) FRANKLIN 274,875 337,168 407,558 506,495
WA OAK HARBOR, WA (MICRO) ISLAND 381,250 429,408 521,711 601,974
WA NON-METRO JEFFERSON 437,500 492,763 598,684 690,789
WA
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN
DIVISION KING 477,355 573,684 697,039 804,276
WA BREMERTON-SILVERDALE, WA (MSA) KITSAP 475,000 535,000 650,000 750,000
WA ELLENSBURG, WA (MICRO) KITTITAS 328,618 370,132 449,688 518,882
WA SHELTON, WA (MICRO) MASON 310,000 349,158 424,211 506,495
WA TACOMA, WA METROPOLITAN DIVISION PIERCE 477,355 573,684 697,039 804,276
WA NON-METRO SAN JUAN 477,355 598,355 726,974 838,816
WA MOUNT VERNON-ANACORTES, WA (MSA) SKAGIT 373,662 420,862 511,328 589,993
WA PORTLAND-VANCOUVER-BEAVERTON, OR-WA (MSA) SKAMANIA 401,250 451,934 549,079 633,553

26

WA
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN
DIVISION SNOHOMISH 477,355 573,684 697,039 804,276
WA SPOKANE, WA (MSA) SPOKANE 266,250 337,168 407,558 506,495
WA OLYMPIA, WA (MSA) THURSTON 361,250 406,882 494,342 570,395
WA BELLINGHAM, WA (MSA) WHATCOM 375,000 422,368 513,158 592,105

WI MADISON, WI (MSA) COLUMBIA 293,750 337,168 407,558 506,495
WI MADISON, WI (MSA)
DANE
293,750 337,168 407,558 506,495
WI MADISON, WI (MSA)
IOWA
293,750 337,168 407,558 506,495
WI
LAKE COUNTY-KENOSHA COUNTY, IL-WI METROPOLITAN
DIV KENOSHA 362,105 407,845 495,512 571,745
WI MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA)
MILWAUKEE
288,875 337,168 407,558 506,495
WI MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) OZAUKEE 288,875 337,168 407,558 506,495
WI MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA) PIERCE 364,057 410,042 498,183 574,826
WI MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (MSA)
ST. CROIX
364,057 410,042 498,183 574,826
WI MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) WASHINGTON 288,875 337,168 407,558 506,495
WI MILWAUKEE-WAUKESHA-WEST ALLIS, WI (MSA) WAUKESHA 288,875 337,168 407,558 506,495

WV HAGERSTOWN-MARTINSBURG, MD-WV (MSA) BERKELEY 377,500 425,184 516,579 596,053
WV WINCHESTER, VA-WV (MSA) HAMPSHIRE 475,000 535,000 650,000 750,000
WV
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
METRO JEFFERSON 477,355 611,117 738,699 888,158
WV HAGERSTOWN-MARTINSBURG, MD-WV (MSA) MORGAN 377,500 425,184 516,579 596,053

WY JACKSON, WY-ID (MICRO) TETON 477,355 611,117 738,699 918,021

ALL OTHER AREAS 263,368 337,168 407,558 506,495

27

.02 The nationwide average purchase price (for use in the housing cost/income
ratio for new and existing residences) is $266,000.
SECTION 5. EFFECT ON OTHER DOCUMENTS
Rev. Proc. 2007-26 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 February 21, 2008 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. 2007-26,
with respect to bonds sold, or for mortgage credit certificates issued with respect to
bond authority exchanged, before March 22, 2008, if the commitments to provide
financing or issue mortgage credit certificates are made on or before April 21, 2008.
.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

28

on February 21, 2008, 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. 2007-
26 with respect to bonds sold, or for mortgage credit certificates issued with respect to
bond authority exchanged, before March 22, 2008, if the commitments to provide
financing or issue mortgage credit certificates are made on or before April 21, 2008.
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 metropolitan
statistical area for purposes of section 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.

29

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 authors of this revenue procedure are David E. White and Timothy
L. Jones of the Office of Assistant Chief Counsel (Financial Institutions & Products). For
further information regarding this revenue procedure contact David E. White on (202)
622-3980 (not a toll free call).

30