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

Portland, ME 04102'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 04102 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 $1,215 to a high of $1,485, with an average of $1,350.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,395, a maximum of $1,705, and an average of $1,550.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,791, peaking at a maximum of $2,189, and averaging at $1,990.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,223, a maximum of $2,717, and an average of $2,470.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,520 to a maximum of $3,080, with an average of $2,800.

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 Portland, ME 4102 Low Rent (90%) $1,215 $1,395 $1,791 $2,223 $2,520
Average Rent $1,350 $1,550 $1,990 $2,470 $2,800
High Rent(110%) $1,485 $1,705 $2,189 $2,717 $3,080
2023 Portland, ME 4102 Low Rent (90%) $1,152 $1,341 $1,719 $2,169 $2,529
Average Rent $1,280 $1,490 $1,910 $2,410 $2,810
High Rent (110%) $1,408 $1,639 $2,101 $2,651 $3,091
2022 Portland, ME 4102 Low Rent (90%) $1,026 $1,188 $1,539 $1,962 $2,403
Average Rent $1,140 $1,320 $1,710 $2,180 $2,670
High Rent(110%) $1,254 $1,452 $1,881 $2,398 $2,937
2021 Portland, ME 4102 Low Rent (90%) $972 $1,098 $1,422 $1,845 $2,250
Average Rent $1,080 $1,220 $1,580 $2,050 $2,500
High Rent (110%) $1,188 $1,342 $1,738 $2,255 $2,750
2020 Portland, ME 4102 Low Rent (90%) $936 $1,017 $1,323 $1,728 $2,106
Average Rent $1,040 $1,130 $1,470 $1,920 $2,340
High Rent(110%) $1,144 $1,243 $1,617 $2,112 $2,574
2019 Portland, ME 4102 Low Rent (90%) $855 $927 $1,197 $1,575 $1,899
Average Rent $950 $1,030 $1,330 $1,750 $2,110
High Rent (110%) $1,045 $1,133 $1,463 $1,925 $2,321


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