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

New York City, NY 10278'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 10278 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 $2,691 to a high of $3,289, with an average of $2,990.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,763, a maximum of $3,377, and an average of $3,070.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,105, peaking at a maximum of $3,795, and averaging at $3,450.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,870, a maximum of $4,730, and an average of $4,300.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,176 to a maximum of $5,104, with an average of $4,640.

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 York City, NY 10278 Low Rent (90%) $2,691 $2,763 $3,105 $3,870 $4,176
Average Rent $2,990 $3,070 $3,450 $4,300 $4,640
High Rent(110%) $3,289 $3,377 $3,795 $4,730 $5,104
2023 New York City, NY 10278 Low Rent (90%) $2,421 $2,475 $2,799 $3,519 $3,789
Average Rent $2,690 $2,750 $3,110 $3,910 $4,210
High Rent (110%) $2,959 $3,025 $3,421 $4,301 $4,631
2022 New York City, NY 10278 Low Rent (90%) $2,322 $2,358 $2,691 $3,393 $3,645
Average Rent $2,580 $2,620 $2,990 $3,770 $4,050
High Rent(110%) $2,838 $2,882 $3,289 $4,147 $4,455
2021 New York City, NY 10278 Low Rent (90%) $2,043 $2,088 $2,385 $3,015 $3,231
Average Rent $2,270 $2,320 $2,650 $3,350 $3,590
High Rent (110%) $2,497 $2,552 $2,915 $3,685 $3,949
2020 New York City, NY 10278 Low Rent (90%) $1,935 $1,989 $2,268 $2,871 $3,069
Average Rent $2,150 $2,210 $2,520 $3,190 $3,410
High Rent(110%) $2,365 $2,431 $2,772 $3,509 $3,751
2019 New York City, NY 10278 Low Rent (90%) $1,800 $1,845 $2,115 $2,682 $2,862
Average Rent $2,000 $2,050 $2,350 $2,980 $3,180
High Rent (110%) $2,200 $2,255 $2,585 $3,278 $3,498


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