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

Somerville, MA 02143'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 02143 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 $2,250 to a high of $2,750, with an average of $2,500.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,412, a maximum of $2,948, and an average of $2,680.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,871, peaking at a maximum of $3,509, and averaging at $3,190.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,474, a maximum of $4,246, and an average of $3,860.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,825 to a maximum of $4,675, with an average of $4,250.

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 Somerville, MA 2143 Low Rent (90%) $2,250 $2,412 $2,871 $3,474 $3,825
Average Rent $2,500 $2,680 $3,190 $3,860 $4,250
High Rent(110%) $2,750 $2,948 $3,509 $4,246 $4,675
2023 Somerville, MA 2143 Low Rent (90%) $2,106 $2,286 $2,736 $3,330 $3,672
Average Rent $2,340 $2,540 $3,040 $3,700 $4,080
High Rent (110%) $2,574 $2,794 $3,344 $4,070 $4,488
2022 Somerville, MA 2143 Low Rent (90%) $1,845 $2,034 $2,457 $3,033 $3,330
Average Rent $2,050 $2,260 $2,730 $3,370 $3,700
High Rent(110%) $2,255 $2,486 $3,003 $3,707 $4,070
2021 Somerville, MA 2143 Low Rent (90%) $1,818 $2,007 $2,439 $3,033 $3,303
Average Rent $2,020 $2,230 $2,710 $3,370 $3,670
High Rent (110%) $2,222 $2,453 $2,981 $3,707 $4,037
2020 Somerville, MA 2143 Low Rent (90%) $1,782 $1,980 $2,403 $2,997 $3,258
Average Rent $1,980 $2,200 $2,670 $3,330 $3,620
High Rent(110%) $2,178 $2,420 $2,937 $3,663 $3,982
2019 Somerville, MA 2143 Low Rent (90%) $1,674 $1,872 $2,286 $2,862 $3,087
Average Rent $1,860 $2,080 $2,540 $3,180 $3,430
High Rent (110%) $2,046 $2,288 $2,794 $3,498 $3,773


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