Fair Market Rent in the Phoenix-Mesa-Scottsdale, AZ MSA – Understanding Section 8 Housing

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The year 2024 brings a new wave of opportunity for landlords and tenants alike in the Phoenix-Mesa-Scottsdale, AZ Metropolitan Statistical Area (MSA). One of the key considerations for both parties is understanding the HUD Fair Market Rent (FMR) for the area, particularly when it comes to Section 8 housing. In this blog, we’ll delve into the Fair Market Rent rates, eligibility criteria, and provide you with a list of housing authorities in the area. If you’re looking for affordable housing in this region, this information is vital.

HUD Fair Market Rent in 2024

HUD’s Fair Market Rent is an essential factor for landlords and tenants participating in Section 8 housing programs. These rental rates are established annually, and they take into account the income limits set by HUD. In the Phoenix-Mesa-Scottsdale, AZ MSA, here are the Fair Market Rent rates for 2024:

Efficiency

  • Minimum: $1,314
  • Maximum: $1,606
  • Average: $1,460

One-bedroom

  • Minimum: $1,439
  • Maximum: $1,759
  • Average: $1,599

Two-bedroom

  • Minimum: $1,689
  • Maximum: $2,065
  • Average: $1,877

Three-bedroom

  • Minimum: $2,287
  • Maximum: $2,795
  • Average: $2,541

Four-bedroom

  • Minimum: $2,601
  • Maximum: $3,179
  • Average: $2,890

It’s important to note that these Fair Market Rent values already include all utilities. However, landlords have the option to subtract the utility costs from the rent to determine the adjusted rental price.

Housing Authorities in the Phoenix-Mesa-Scottsdale, AZ MSA

If you are looking for Section 8 housing in the Phoenix-Mesa-Scottsdale, AZ MSA, you can connect with the following housing authorities:

Chandler Housing & Redevelopment Division

City of Phoenix Housing Department

City of Mesa Housing Authority

City of Glendale Housing Authority

Eloy Housing Authority

Tempe Housing Authority

2023 Phoenix-Mesa-Scottsdale, AZ MSA’s HUD Income Limit

HUD income limits are crucial for determining eligibility for affordable housing programs like Section 8. These limits are calculated annually and are based on factors such as region, family size, and income category. There are three income categories: extremely low (up to 30% of the area’s median income), very low (30-50% of median income), and low (50-80% of median income). To qualify for housing assistance, your income must fall within these limits, and extremely low-income households receive a higher priority for assistance.

Here are the income limits based on household size:

  • Household Size:
    • 1 Person: Extremely Low – $19,650, Very Low – $32,750, Low – $52,400
    • 2 People: Extremely Low – $22,450, Very Low – $37,400, Low – $59,850
    • 3 People: Extremely Low – $25,250, Very Low – $42,100, Low – $67,350
    • 4 People: Extremely Low – $30,000, Very Low – $46,750, Low – $74,800
    • 5 People: Extremely Low – $35,140, Very Low – $50,500, Low – $80,800
    • 6 People: Extremely Low – $40,280, Very Low – $54,250, Low – $86,800
    • 7 People: Extremely Low – $45,420, Very Low – $58,000, Low – $92,800
    • 8 People: Extremely Low – $50,560, Very Low – $61,750, Low – $98,750

To determine if you qualify for Section 8 assistance, verify your income eligibility within these local limits. Contact your nearby Public Housing Agency for detailed information and assistance with the Section 8 application process.

Understanding Fair Market Rent and HUD income limits is critical for both landlords and tenants participating in Section 8 housing programs. For more information or to apply for assistance, contact the housing authorities in the Phoenix-Mesa-Scottsdale, AZ MSA mentioned above. Affordable housing is within reach for those who meet the eligibility criteria and income limits.

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