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

New Bedford, MA 02742'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 02742 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 $981 to a high of $1,199, with an average of $1,090.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,152, a maximum of $1,408, and an average of $1,280.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,395, peaking at a maximum of $1,705, and averaging at $1,550.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,683, a maximum of $2,057, and an average of $1,870.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,953 to a maximum of $2,387, with an average of $2,170.

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 New Bedford, MA 2742 Low Rent (90%) $981 $1,152 $1,395 $1,683 $1,953
Average Rent $1,090 $1,280 $1,550 $1,870 $2,170
High Rent(110%) $1,199 $1,408 $1,705 $2,057 $2,387
2023 New Bedford, MA 2742 Low Rent (90%) $846 $999 $1,215 $1,476 $1,629
Average Rent $940 $1,110 $1,350 $1,640 $1,810
High Rent (110%) $1,034 $1,221 $1,485 $1,804 $1,991
2022 New Bedford, MA 2742 Low Rent (90%) $756 $846 $1,044 $1,287 $1,413
Average Rent $840 $940 $1,160 $1,430 $1,570
High Rent(110%) $924 $1,034 $1,276 $1,573 $1,727
2021 New Bedford, MA 2742 Low Rent (90%) $729 $774 $954 $1,188 $1,296
Average Rent $810 $860 $1,060 $1,320 $1,440
High Rent (110%) $891 $946 $1,166 $1,452 $1,584
2020 New Bedford, MA 2742 Low Rent (90%) $720 $738 $900 $1,125 $1,215
Average Rent $800 $820 $1,000 $1,250 $1,350
High Rent(110%) $880 $902 $1,100 $1,375 $1,485
2019 New Bedford, MA 2742 Low Rent (90%) $693 $729 $873 $1,098 $1,179
Average Rent $770 $810 $970 $1,220 $1,310
High Rent (110%) $847 $891 $1,067 $1,342 $1,441


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