The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,199 to a high of $1,465, with an average of $1,332.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,206, a maximum of $1,474, and an average of $1,340.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,449, peaking at a maximum of $1,771, and averaging at $1,610.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,853, a maximum of $2,265, and an average of $2,059.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,459 to a maximum of $3,005, with an average of $2,732.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $1,199 $1,206 $1,449 $1,853 $2,459
Average Rent $1,332 $1,340 $1,610 $2,059 $2,732
High Rent(110%) $1,465 $1,474 $1,771 $2,265 $3,005
2023 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $1,061 $1,067 $1,274 $1,670 $2,171
Average Rent $1,179 $1,186 $1,416 $1,855 $2,412
High Rent (110%) $1,297 $1,305 $1,558 $2,041 $2,653
2022 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $939 $944 $1,133 $1,541 $1,940
Average Rent $1,043 $1,049 $1,259 $1,712 $2,155
High Rent(110%) $1,147 $1,154 $1,385 $1,883 $2,371
2021 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $834 $840 $1,058 $1,481 $1,652
Average Rent $927 $933 $1,176 $1,645 $1,836
High Rent (110%) $1,020 $1,026 $1,294 $1,810 $2,020
2020 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $759 $788 $1,039 $1,454 $1,460
Average Rent $843 $876 $1,154 $1,616 $1,622
High Rent(110%) $927 $964 $1,269 $1,778 $1,784
2019 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $778 $800 $1,058 $1,476 $1,540
Average Rent $864 $889 $1,176 $1,640 $1,711
High Rent (110%) $950 $978 $1,294 $1,804 $1,882
2018 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $766 $786 $1,045 $1,415 $1,627
Average Rent $851 $873 $1,161 $1,572 $1,808
High Rent(110%) $936 $960 $1,277 $1,729 $1,989
2017 Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area, RI Low Rent (90%) $743 $761 $1,011 $1,360 $1,738
Average Rent $825 $845 $1,123 $1,511 $1,931
High Rent (110%) $908 $930 $1,235 $1,662 $2,124


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