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

East Otis, MA 01029's Section 8 Fair Market Rent

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 the 01029 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $882 to a high of $1,078, with an average of $980.
One-bedroom: One-bedroom rental prices vary, with a minimum of $990, a maximum of $1,210, and an average of $1,100.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,296, peaking at a maximum of $1,584, and averaging at $1,440.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,566, a maximum of $1,914, and an average of $1,740.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,142 to a maximum of $2,618, with an average of $2,380.

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.

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

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 East Otis, MA 1029 Low Rent (90%) $882 $990 $1,296 $1,566 $2,142
Average Rent $980 $1,100 $1,440 $1,740 $2,380
High Rent(110%) $1,078 $1,210 $1,584 $1,914 $2,618
2023 East Otis, MA 1029 Low Rent (90%) $864 $981 $1,296 $1,575 $1,899
Average Rent $960 $1,090 $1,440 $1,750 $2,110
High Rent (110%) $1,056 $1,199 $1,584 $1,925 $2,321
2022 East Otis, MA 1029 Low Rent (90%) $684 $738 $972 $1,206 $1,368
Average Rent $760 $820 $1,080 $1,340 $1,520
High Rent(110%) $836 $902 $1,188 $1,474 $1,672
2021 East Otis, MA 1029 Low Rent (90%) $711 $711 $900 $1,125 $1,224
Average Rent $790 $790 $1,000 $1,250 $1,360
High Rent (110%) $869 $869 $1,100 $1,375 $1,496
2020 East Otis, MA 1029 Low Rent (90%) $738 $738 $873 $1,089 $1,242
Average Rent $820 $820 $970 $1,210 $1,380
High Rent(110%) $902 $902 $1,067 $1,331 $1,518
2019 East Otis, MA 1029 Low Rent (90%) $702 $711 $828 $1,044 $1,215
Average Rent $780 $790 $920 $1,160 $1,350
High Rent (110%) $858 $869 $1,012 $1,276 $1,485


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