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

Hyannis Port, MA 02647'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 02647 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 $1,314 to a high of $1,606, with an average of $1,460.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,404, a maximum of $1,716, and an average of $1,560.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,845, peaking at a maximum of $2,255, and averaging at $2,050.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,250, a maximum of $2,750, and an average of $2,500.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,565 to a maximum of $3,135, with an average of $2,850.

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 Hyannis Port, MA 2647 Low Rent (90%) $1,314 $1,404 $1,845 $2,250 $2,565
Average Rent $1,460 $1,560 $2,050 $2,500 $2,850
High Rent(110%) $1,606 $1,716 $2,255 $2,750 $3,135
2023 Hyannis Port, MA 2647 Low Rent (90%) $1,215 $1,350 $1,773 $2,169 $2,412
Average Rent $1,350 $1,500 $1,970 $2,410 $2,680
High Rent (110%) $1,485 $1,650 $2,167 $2,651 $2,948
2022 Hyannis Port, MA 2647 Low Rent (90%) $1,071 $1,224 $1,611 $1,989 $2,187
Average Rent $1,190 $1,360 $1,790 $2,210 $2,430
High Rent(110%) $1,309 $1,496 $1,969 $2,431 $2,673
2021 Hyannis Port, MA 2647 Low Rent (90%) $945 $1,089 $1,431 $1,791 $1,944
Average Rent $1,050 $1,210 $1,590 $1,990 $2,160
High Rent (110%) $1,155 $1,331 $1,749 $2,189 $2,376
2020 Hyannis Port, MA 2647 Low Rent (90%) $837 $981 $1,287 $1,629 $1,746
Average Rent $930 $1,090 $1,430 $1,810 $1,940
High Rent(110%) $1,023 $1,199 $1,573 $1,991 $2,134
2019 Hyannis Port, MA 2647 Low Rent (90%) $882 $1,035 $1,368 $1,737 $1,890
Average Rent $980 $1,150 $1,520 $1,930 $2,100
High Rent (110%) $1,078 $1,265 $1,672 $2,123 $2,310


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