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

West Newton, MA 02465'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 02465 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 West Newton, MA 2465 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 West Newton, MA 2465 Low Rent (90%) $2,097 $2,277 $2,727 $3,321 $3,663
Average Rent $2,330 $2,530 $3,030 $3,690 $4,070
High Rent (110%) $2,563 $2,783 $3,333 $4,059 $4,477
2022 West Newton, MA 2465 Low Rent (90%) $1,953 $2,142 $2,592 $3,204 $3,519
Average Rent $2,170 $2,380 $2,880 $3,560 $3,910
High Rent(110%) $2,387 $2,618 $3,168 $3,916 $4,301
2021 West Newton, MA 2465 Low Rent (90%) $1,890 $2,079 $2,529 $3,150 $3,429
Average Rent $2,100 $2,310 $2,810 $3,500 $3,810
High Rent (110%) $2,310 $2,541 $3,091 $3,850 $4,191
2020 West Newton, MA 2465 Low Rent (90%) $1,863 $2,061 $2,511 $3,132 $3,402
Average Rent $2,070 $2,290 $2,790 $3,480 $3,780
High Rent(110%) $2,277 $2,519 $3,069 $3,828 $4,158
2019 West Newton, MA 2465 Low Rent (90%) $1,755 $1,962 $2,394 $2,997 $3,240
Average Rent $1,950 $2,180 $2,660 $3,330 $3,600
High Rent (110%) $2,145 $2,398 $2,926 $3,663 $3,960


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