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

Buzzards Bay, MA 02542'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 02542 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 $1,647 to a high of $2,013, with an average of $1,830.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,764, a maximum of $2,156, and an average of $1,960.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,313, peaking at a maximum of $2,827, and averaging at $2,570.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,826, a maximum of $3,454, and an average of $3,140.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,222 to a maximum of $3,938, with an average of $3,580.

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 Buzzards Bay, MA 2542 Low Rent (90%) $1,647 $1,764 $2,313 $2,826 $3,222
Average Rent $1,830 $1,960 $2,570 $3,140 $3,580
High Rent(110%) $2,013 $2,156 $2,827 $3,454 $3,938
2023 Buzzards Bay, MA 2542 Low Rent (90%) $1,548 $1,719 $2,259 $2,763 $3,069
Average Rent $1,720 $1,910 $2,510 $3,070 $3,410
High Rent (110%) $1,892 $2,101 $2,761 $3,377 $3,751
2022 Buzzards Bay, MA 2542 Low Rent (90%) $1,242 $1,422 $1,872 $2,313 $2,538
Average Rent $1,380 $1,580 $2,080 $2,570 $2,820
High Rent(110%) $1,518 $1,738 $2,288 $2,827 $3,102
2021 Buzzards Bay, MA 2542 Low Rent (90%) $972 $1,116 $1,476 $1,854 $1,998
Average Rent $1,080 $1,240 $1,640 $2,060 $2,220
High Rent (110%) $1,188 $1,364 $1,804 $2,266 $2,442
2020 Buzzards Bay, MA 2542 Low Rent (90%) $801 $936 $1,242 $1,566 $1,710
Average Rent $890 $1,040 $1,380 $1,740 $1,900
High Rent(110%) $979 $1,144 $1,518 $1,914 $2,090
2019 Buzzards Bay, MA 2542 Low Rent (90%) $783 $918 $1,215 $1,539 $1,674
Average Rent $870 $1,020 $1,350 $1,710 $1,860
High Rent (110%) $957 $1,122 $1,485 $1,881 $2,046


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