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

Gorham, ME 04038'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 04038 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 $1,125 to a high of $1,375, with an average of $1,250.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,296, a maximum of $1,584, and an average of $1,440.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,665, peaking at a maximum of $2,035, and averaging at $1,850.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,070, a maximum of $2,530, and an average of $2,300.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,349 to a maximum of $2,871, with an average of $2,610.

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 Gorham, ME 4038 Low Rent (90%) $1,125 $1,296 $1,665 $2,070 $2,349
Average Rent $1,250 $1,440 $1,850 $2,300 $2,610
High Rent(110%) $1,375 $1,584 $2,035 $2,530 $2,871
2023 Gorham, ME 4038 Low Rent (90%) $1,071 $1,251 $1,602 $2,016 $2,358
Average Rent $1,190 $1,390 $1,780 $2,240 $2,620
High Rent (110%) $1,309 $1,529 $1,958 $2,464 $2,882
2022 Gorham, ME 4038 Low Rent (90%) $1,008 $1,179 $1,521 $1,944 $2,376
Average Rent $1,120 $1,310 $1,690 $2,160 $2,640
High Rent(110%) $1,232 $1,441 $1,859 $2,376 $2,904
2021 Gorham, ME 4038 Low Rent (90%) $999 $1,134 $1,467 $1,899 $2,322
Average Rent $1,110 $1,260 $1,630 $2,110 $2,580
High Rent (110%) $1,221 $1,386 $1,793 $2,321 $2,838
2020 Gorham, ME 4038 Low Rent (90%) $1,026 $1,116 $1,449 $1,899 $2,304
Average Rent $1,140 $1,240 $1,610 $2,110 $2,560
High Rent(110%) $1,254 $1,364 $1,771 $2,321 $2,816
2019 Gorham, ME 4038 Low Rent (90%) $972 $1,053 $1,359 $1,791 $2,151
Average Rent $1,080 $1,170 $1,510 $1,990 $2,390
High Rent (110%) $1,188 $1,287 $1,661 $2,189 $2,629


Discover Section 8 FMR by zip code