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

Wilmington, MA 01887'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 01887 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 $2,385 to a high of $2,915, with an average of $2,650.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,565, a maximum of $3,135, and an average of $2,850.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,051, peaking at a maximum of $3,729, and averaging at $3,390.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,690, a maximum of $4,510, and an average of $4,100.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,059 to a maximum of $4,961, with an average of $4,510.

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 Wilmington, MA 1887 Low Rent (90%) $2,385 $2,565 $3,051 $3,690 $4,059
Average Rent $2,650 $2,850 $3,390 $4,100 $4,510
High Rent(110%) $2,915 $3,135 $3,729 $4,510 $4,961
2024 Wilmington, MA 1887 Low Rent (90%) $2,385 $2,565 $3,051 $3,690 $4,059
Average Rent $2,650 $2,850 $3,390 $4,100 $4,510
High Rent (110%) $2,915 $3,135 $3,729 $4,510 $4,961
2023 Wilmington, MA 1887 Low Rent (90%) $2,187 $2,376 $2,844 $3,465 $3,825
Average Rent $2,430 $2,640 $3,160 $3,850 $4,250
High Rent(110%) $2,673 $2,904 $3,476 $4,235 $4,675
2022 Wilmington, MA 1887 Low Rent (90%) $1,953 $2,142 $2,592 $3,204 $3,519
Average Rent $2,170 $2,380 $2,880 $3,560 $3,910
High Rent (110%) $2,387 $2,618 $3,168 $3,916 $4,301
2021 Wilmington, MA 1887 Low Rent (90%) $1,890 $2,088 $2,538 $3,159 $3,438
Average Rent $2,100 $2,320 $2,820 $3,510 $3,820
High Rent(110%) $2,310 $2,552 $3,102 $3,861 $4,202
2020 Wilmington, MA 1887 Low Rent (90%) $1,863 $2,061 $2,511 $3,132 $3,402
Average Rent $2,070 $2,290 $2,790 $3,480 $3,780
High Rent (110%) $2,277 $2,519 $3,069 $3,828 $4,158
2019 Wilmington, MA 1887 Low Rent (90%) $1,728 $1,935 $2,358 $2,952 $3,186
Average Rent $1,920 $2,150 $2,620 $3,280 $3,540
High Rent(110%) $2,112 $2,365 $2,882 $3,608 $3,894


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