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

Newton Highlands, MA 02461'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 02461 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 $2,979 to a high of $3,641, with an average of $3,310.
One-bedroom: One-bedroom rental prices vary, with a minimum of $3,204, a maximum of $3,916, and an average of $3,560.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,807, peaking at a maximum of $4,653, and averaging at $4,230.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,599, a maximum of $5,621, and an average of $5,110.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $5,067 to a maximum of $6,193, with an average of $5,630.

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 Newton Highlands, MA 2461 Low Rent (90%) $2,979 $3,204 $3,807 $4,599 $5,067
Average Rent $3,310 $3,560 $4,230 $5,110 $5,630
High Rent(110%) $3,641 $3,916 $4,653 $5,621 $6,193
2023 Newton Highlands, MA 2461 Low Rent (90%) $2,646 $2,880 $3,447 $4,194 $4,635
Average Rent $2,940 $3,200 $3,830 $4,660 $5,150
High Rent (110%) $3,234 $3,520 $4,213 $5,126 $5,665
2022 Newton Highlands, MA 2461 Low Rent (90%) $2,169 $2,385 $2,880 $3,564 $3,906
Average Rent $2,410 $2,650 $3,200 $3,960 $4,340
High Rent(110%) $2,651 $2,915 $3,520 $4,356 $4,774
2021 Newton Highlands, MA 2461 Low Rent (90%) $1,980 $2,187 $2,655 $3,303 $3,600
Average Rent $2,200 $2,430 $2,950 $3,670 $4,000
High Rent (110%) $2,420 $2,673 $3,245 $4,037 $4,400
2020 Newton Highlands, MA 2461 Low Rent (90%) $1,944 $2,151 $2,619 $3,267 $3,546
Average Rent $2,160 $2,390 $2,910 $3,630 $3,940
High Rent(110%) $2,376 $2,629 $3,201 $3,993 $4,334
2019 Newton Highlands, MA 2461 Low Rent (90%) $1,890 $2,124 $2,583 $3,240 $3,492
Average Rent $2,100 $2,360 $2,870 $3,600 $3,880
High Rent (110%) $2,310 $2,596 $3,157 $3,960 $4,268


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