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

North Waltham, MA 02455'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 02455 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 $2,025 to a high of $2,475, with an average of $2,250.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,169, a maximum of $2,651, and an average of $2,410.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,583, peaking at a maximum of $3,157, and averaging at $2,870.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,123, a maximum of $3,817, and an average of $3,470.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,438 to a maximum of $4,202, with an average of $3,820.

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 North Waltham, MA 2455 Low Rent (90%) $2,025 $2,169 $2,583 $3,123 $3,438
Average Rent $2,250 $2,410 $2,870 $3,470 $3,820
High Rent(110%) $2,475 $2,651 $3,157 $3,817 $4,202
2023 North Waltham, MA 2455 Low Rent (90%) $1,845 $2,007 $2,403 $2,925 $3,231
Average Rent $2,050 $2,230 $2,670 $3,250 $3,590
High Rent (110%) $2,255 $2,453 $2,937 $3,575 $3,949
2022 North Waltham, MA 2455 Low Rent (90%) $1,638 $1,800 $2,178 $2,691 $2,952
Average Rent $1,820 $2,000 $2,420 $2,990 $3,280
High Rent(110%) $2,002 $2,200 $2,662 $3,289 $3,608
2021 North Waltham, MA 2455 Low Rent (90%) $1,575 $1,746 $2,115 $2,628 $2,871
Average Rent $1,750 $1,940 $2,350 $2,920 $3,190
High Rent (110%) $1,925 $2,134 $2,585 $3,212 $3,509
2020 North Waltham, MA 2455 Low Rent (90%) $1,548 $1,719 $2,088 $2,601 $2,826
Average Rent $1,720 $1,910 $2,320 $2,890 $3,140
High Rent(110%) $1,892 $2,101 $2,552 $3,179 $3,454
2019 North Waltham, MA 2455 Low Rent (90%) $1,449 $1,629 $1,980 $2,484 $2,673
Average Rent $1,610 $1,810 $2,200 $2,760 $2,970
High Rent (110%) $1,771 $1,991 $2,420 $3,036 $3,267


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