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

South Lee, MA 01260'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 01260 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 $963 to a high of $1,177, with an average of $1,070.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,107, a maximum of $1,353, and an average of $1,230.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,422, peaking at a maximum of $1,738, and averaging at $1,580.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,800, a maximum of $2,200, and an average of $2,000.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,052 to a maximum of $2,508, with an average of $2,280.

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 South Lee, MA 1260 Low Rent (90%) $963 $1,107 $1,422 $1,800 $2,052
Average Rent $1,070 $1,230 $1,580 $2,000 $2,280
High Rent(110%) $1,177 $1,353 $1,738 $2,200 $2,508
2023 South Lee, MA 1260 Low Rent (90%) $936 $1,089 $1,404 $1,764 $1,953
Average Rent $1,040 $1,210 $1,560 $1,960 $2,170
High Rent (110%) $1,144 $1,331 $1,716 $2,156 $2,387
2022 South Lee, MA 1260 Low Rent (90%) $891 $1,035 $1,323 $1,665 $1,827
Average Rent $990 $1,150 $1,470 $1,850 $2,030
High Rent(110%) $1,089 $1,265 $1,617 $2,035 $2,233
2021 South Lee, MA 1260 Low Rent (90%) $828 $954 $1,224 $1,539 $1,701
Average Rent $920 $1,060 $1,360 $1,710 $1,890
High Rent (110%) $1,012 $1,166 $1,496 $1,881 $2,079
2020 South Lee, MA 1260 Low Rent (90%) $792 $909 $1,143 $1,458 $1,584
Average Rent $880 $1,010 $1,270 $1,620 $1,760
High Rent(110%) $968 $1,111 $1,397 $1,782 $1,936
2019 South Lee, MA 1260 Low Rent (90%) $639 $756 $945 $1,215 $1,323
Average Rent $710 $840 $1,050 $1,350 $1,470
High Rent (110%) $781 $924 $1,155 $1,485 $1,617


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