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

Newtonville, MA 02460'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 02460 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 $2,421, a maximum of $2,959, and an average of $2,690.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,880, peaking at a maximum of $3,520, and averaging at $3,200.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,483, a maximum of $4,257, and an average of $3,870.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,834 to a maximum of $4,686, with an average of $4,260.

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 Newtonville, MA 2460 Low Rent (90%) $2,250 $2,421 $2,880 $3,483 $3,834
Average Rent $2,500 $2,690 $3,200 $3,870 $4,260
High Rent(110%) $2,750 $2,959 $3,520 $4,257 $4,686
2023 Newtonville, MA 2460 Low Rent (90%) $2,070 $2,241 $2,691 $3,276 $3,618
Average Rent $2,300 $2,490 $2,990 $3,640 $4,020
High Rent (110%) $2,530 $2,739 $3,289 $4,004 $4,422
2022 Newtonville, MA 2460 Low Rent (90%) $1,881 $2,070 $2,502 $3,096 $3,393
Average Rent $2,090 $2,300 $2,780 $3,440 $3,770
High Rent(110%) $2,299 $2,530 $3,058 $3,784 $4,147
2021 Newtonville, MA 2460 Low Rent (90%) $1,836 $2,025 $2,457 $3,060 $3,330
Average Rent $2,040 $2,250 $2,730 $3,400 $3,700
High Rent (110%) $2,244 $2,475 $3,003 $3,740 $4,070
2020 Newtonville, MA 2460 Low Rent (90%) $1,827 $2,025 $2,466 $3,069 $3,339
Average Rent $2,030 $2,250 $2,740 $3,410 $3,710
High Rent(110%) $2,233 $2,475 $3,014 $3,751 $4,081
2019 Newtonville, MA 2460 Low Rent (90%) $1,710 $1,917 $2,331 $2,925 $3,150
Average Rent $1,900 $2,130 $2,590 $3,250 $3,500
High Rent (110%) $2,090 $2,343 $2,849 $3,575 $3,850


Discover Section 8 FMR by zip code