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

North Falmouth, MA 02556'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 02556 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 $1,242 to a high of $1,518, with an average of $1,380.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,332, a maximum of $1,628, and an average of $1,480.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,746, peaking at a maximum of $2,134, and averaging at $1,940.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,133, a maximum of $2,607, and an average of $2,370.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,430 to a maximum of $2,970, with an average of $2,700.

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 North Falmouth, MA 2556 Low Rent (90%) $1,242 $1,332 $1,746 $2,133 $2,430
Average Rent $1,380 $1,480 $1,940 $2,370 $2,700
High Rent(110%) $1,518 $1,628 $2,134 $2,607 $2,970
2023 North Falmouth, MA 2556 Low Rent (90%) $1,251 $1,386 $1,827 $2,232 $2,484
Average Rent $1,390 $1,540 $2,030 $2,480 $2,760
High Rent (110%) $1,529 $1,694 $2,233 $2,728 $3,036
2022 North Falmouth, MA 2556 Low Rent (90%) $1,206 $1,386 $1,818 $2,250 $2,466
Average Rent $1,340 $1,540 $2,020 $2,500 $2,740
High Rent(110%) $1,474 $1,694 $2,222 $2,750 $3,014
2021 North Falmouth, MA 2556 Low Rent (90%) $1,098 $1,260 $1,665 $2,088 $2,259
Average Rent $1,220 $1,400 $1,850 $2,320 $2,510
High Rent (110%) $1,342 $1,540 $2,035 $2,552 $2,761
2020 North Falmouth, MA 2556 Low Rent (90%) $999 $1,170 $1,539 $1,953 $2,088
Average Rent $1,110 $1,300 $1,710 $2,170 $2,320
High Rent(110%) $1,221 $1,430 $1,881 $2,387 $2,552
2019 North Falmouth, MA 2556 Low Rent (90%) $1,026 $1,215 $1,602 $2,034 $2,205
Average Rent $1,140 $1,350 $1,780 $2,260 $2,450
High Rent (110%) $1,254 $1,485 $1,958 $2,486 $2,695


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