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

Babson Park, MA 02457'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 02457 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 $2,691 to a high of $3,289, with an average of $2,990.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,898, a maximum of $3,542, and an average of $3,220.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,438, peaking at a maximum of $4,202, and averaging at $3,820.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,158, a maximum of $5,082, and an average of $4,620.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,581 to a maximum of $5,599, with an average of $5,090.

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 Babson Park, MA 2457 Low Rent (90%) $2,691 $2,898 $3,438 $4,158 $4,581
Average Rent $2,990 $3,220 $3,820 $4,620 $5,090
High Rent(110%) $3,289 $3,542 $4,202 $5,082 $5,599
2023 Babson Park, MA 2457 Low Rent (90%) $2,340 $2,538 $3,042 $3,699 $4,086
Average Rent $2,600 $2,820 $3,380 $4,110 $4,540
High Rent (110%) $2,860 $3,102 $3,718 $4,521 $4,994
2022 Babson Park, MA 2457 Low Rent (90%) $2,052 $2,268 $2,736 $3,375 $3,699
Average Rent $2,280 $2,520 $3,040 $3,750 $4,110
High Rent(110%) $2,508 $2,772 $3,344 $4,125 $4,521
2021 Babson Park, MA 2457 Low Rent (90%) $2,043 $2,259 $2,736 $3,402 $3,717
Average Rent $2,270 $2,510 $3,040 $3,780 $4,130
High Rent (110%) $2,497 $2,761 $3,344 $4,158 $4,543
2020 Babson Park, MA 2457 Low Rent (90%) $2,124 $2,349 $2,862 $3,564 $3,879
Average Rent $2,360 $2,610 $3,180 $3,960 $4,310
High Rent(110%) $2,596 $2,871 $3,498 $4,356 $4,741
2019 Babson Park, MA 2457 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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