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

McPherson County, NE, NE

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 McPherson County, NE, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $534 to a high of $652, with an average of $593.
One-bedroom: One-bedroom rental prices vary, with a minimum of $599, a maximum of $733, and an average of $666.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $788, peaking at a maximum of $963, and averaging at $875.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $996, a maximum of $1,218, and an average of $1,107.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,050 to a maximum of $1,284, with an average of $1,167.

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 McPherson County, NE 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 McPherson County, NE, NE Low Rent (90%) $534 $599 $788 $996 $1,050
Average Rent $593 $666 $875 $1,107 $1,167
High Rent(110%) $652 $733 $963 $1,218 $1,284
2023 McPherson County, NE, NE Low Rent (90%) $513 $573 $754 $968 $1,024
Average Rent $570 $637 $838 $1,075 $1,138
High Rent (110%) $627 $701 $922 $1,183 $1,252
2022 McPherson County, NE, NE Low Rent (90%) $456 $518 $681 $878 $933
Average Rent $507 $575 $757 $975 $1,037
High Rent(110%) $558 $633 $833 $1,073 $1,141
2021 McPherson County, NE, NE Low Rent (90%) $439 $505 $665 $854 $925
Average Rent $488 $561 $739 $949 $1,028
High Rent (110%) $537 $617 $813 $1,044 $1,131
2020 McPherson County, NE, NE Low Rent (90%) $410 $477 $628 $806 $885
Average Rent $455 $530 $698 $896 $983
High Rent(110%) $501 $583 $768 $986 $1,081
2019 McPherson County, NE, NE Low Rent (90%) $437 $506 $670 $857 $941
Average Rent $486 $562 $744 $952 $1,045
High Rent (110%) $535 $618 $818 $1,047 $1,150
2018 McPherson County, NE, NE Low Rent (90%) $383 $442 $588 $745 $818
Average Rent $426 $491 $653 $828 $909
High Rent(110%) $469 $540 $718 $911 $1,000
2017 McPherson County, NE, NE Low Rent (90%) $382 $443 $589 $741 $811
Average Rent $424 $492 $654 $823 $901
High Rent (110%) $466 $541 $719 $905 $991


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