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

Lebanon, ME 04027'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 04027 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 $1,089 to a high of $1,331, with an average of $1,210.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,215, a maximum of $1,485, and an average of $1,350.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,512, peaking at a maximum of $1,848, and averaging at $1,680.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,980, a maximum of $2,420, and an average of $2,200.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,169 to a maximum of $2,651, with an average of $2,410.

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 Lebanon, ME 4027 Low Rent (90%) $1,089 $1,215 $1,512 $1,980 $2,169
Average Rent $1,210 $1,350 $1,680 $2,200 $2,410
High Rent(110%) $1,331 $1,485 $1,848 $2,420 $2,651
2023 Lebanon, ME 4027 Low Rent (90%) $1,152 $1,215 $1,503 $1,953 $2,196
Average Rent $1,280 $1,350 $1,670 $2,170 $2,440
High Rent (110%) $1,408 $1,485 $1,837 $2,387 $2,684
2022 Lebanon, ME 4027 Low Rent (90%) $1,071 $1,080 $1,359 $1,746 $2,070
Average Rent $1,190 $1,200 $1,510 $1,940 $2,300
High Rent(110%) $1,309 $1,320 $1,661 $2,134 $2,530
2021 Lebanon, ME 4027 Low Rent (90%) $828 $837 $1,080 $1,341 $1,890
Average Rent $920 $930 $1,200 $1,490 $2,100
High Rent (110%) $1,012 $1,023 $1,320 $1,639 $2,310
2020 Lebanon, ME 4027 Low Rent (90%) $819 $846 $1,116 $1,395 $1,962
Average Rent $910 $940 $1,240 $1,550 $2,180
High Rent(110%) $1,001 $1,034 $1,364 $1,705 $2,398
2019 Lebanon, ME 4027 Low Rent (90%) $657 $765 $1,026 $1,278 $1,800
Average Rent $730 $850 $1,140 $1,420 $2,000
High Rent (110%) $803 $935 $1,254 $1,562 $2,200


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