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

Springvale, ME 04083'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 04083 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 $864 to a high of $1,056, with an average of $960.
One-bedroom: One-bedroom rental prices vary, with a minimum of $963, a maximum of $1,177, and an average of $1,070.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,197, peaking at a maximum of $1,463, and averaging at $1,330.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,566, a maximum of $1,914, and an average of $1,740.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,719 to a maximum of $2,101, with an average of $1,910.

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 Springvale, ME 4083 Low Rent (90%) $864 $963 $1,197 $1,566 $1,719
Average Rent $960 $1,070 $1,330 $1,740 $1,910
High Rent(110%) $1,056 $1,177 $1,463 $1,914 $2,101
2023 Springvale, ME 4083 Low Rent (90%) $873 $918 $1,143 $1,485 $1,674
Average Rent $970 $1,020 $1,270 $1,650 $1,860
High Rent (110%) $1,067 $1,122 $1,397 $1,815 $2,046
2022 Springvale, ME 4083 Low Rent (90%) $801 $801 $1,008 $1,296 $1,485
Average Rent $890 $890 $1,120 $1,440 $1,650
High Rent(110%) $979 $979 $1,232 $1,584 $1,815
2021 Springvale, ME 4083 Low Rent (90%) $747 $756 $954 $1,188 $1,395
Average Rent $830 $840 $1,060 $1,320 $1,550
High Rent (110%) $913 $924 $1,166 $1,452 $1,705
2020 Springvale, ME 4083 Low Rent (90%) $666 $711 $882 $1,107 $1,251
Average Rent $740 $790 $980 $1,230 $1,390
High Rent(110%) $814 $869 $1,078 $1,353 $1,529
2019 Springvale, ME 4083 Low Rent (90%) $684 $738 $909 $1,143 $1,296
Average Rent $760 $820 $1,010 $1,270 $1,440
High Rent (110%) $836 $902 $1,111 $1,397 $1,584


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