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

Charlestown, MA 02129'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 02129 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 $2,628 to a high of $3,212, with an average of $2,920.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,826, a maximum of $3,454, and an average of $3,140.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,357, peaking at a maximum of $4,103, and averaging at $3,730.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,059, a maximum of $4,961, and an average of $4,510.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,473 to a maximum of $5,467, with an average of $4,970.

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 Charlestown, MA 2129 Low Rent (90%) $2,628 $2,826 $3,357 $4,059 $4,473
Average Rent $2,920 $3,140 $3,730 $4,510 $4,970
High Rent(110%) $3,212 $3,454 $4,103 $4,961 $5,467
2023 Charlestown, MA 2129 Low Rent (90%) $2,448 $2,655 $3,186 $3,879 $4,284
Average Rent $2,720 $2,950 $3,540 $4,310 $4,760
High Rent (110%) $2,992 $3,245 $3,894 $4,741 $5,236
2022 Charlestown, MA 2129 Low Rent (90%) $2,088 $2,295 $2,772 $3,429 $3,762
Average Rent $2,320 $2,550 $3,080 $3,810 $4,180
High Rent(110%) $2,552 $2,805 $3,388 $4,191 $4,598
2021 Charlestown, MA 2129 Low Rent (90%) $2,151 $2,376 $2,880 $3,582 $3,906
Average Rent $2,390 $2,640 $3,200 $3,980 $4,340
High Rent (110%) $2,629 $2,904 $3,520 $4,378 $4,774
2020 Charlestown, MA 2129 Low Rent (90%) $2,142 $2,376 $2,889 $3,600 $3,915
Average Rent $2,380 $2,640 $3,210 $4,000 $4,350
High Rent(110%) $2,618 $2,904 $3,531 $4,400 $4,785
2019 Charlestown, MA 2129 Low Rent (90%) $2,115 $2,367 $2,880 $3,609 $3,897
Average Rent $2,350 $2,630 $3,200 $4,010 $4,330
High Rent (110%) $2,585 $2,893 $3,520 $4,411 $4,763


Discover Section 8 FMR by zip code