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

Northampton, MA 1063'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 1063 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 $1,080 to a high of $1,320, with an average of $1,200.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,287, a maximum of $1,573, and an average of $1,430.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,584, peaking at a maximum of $1,936, and averaging at $1,760.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,926, a maximum of $2,354, and an average of $2,140.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,250 to a maximum of $2,750, with an average of $2,500.

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 Northampton, MA 1063 Low Rent (90%) $1,080 $1,287 $1,584 $1,926 $2,250
Average Rent $1,200 $1,430 $1,760 $2,140 $2,500
High Rent(110%) $1,320 $1,573 $1,936 $2,354 $2,750
2023 Northampton, MA 1063 Low Rent (90%) $828 $999 $1,242 $1,521 $1,827
Average Rent $920 $1,110 $1,380 $1,690 $2,030
High Rent (110%) $1,012 $1,221 $1,518 $1,859 $2,233
2022 Northampton, MA 1063 Low Rent (90%) $864 $1,044 $1,305 $1,611 $1,935
Average Rent $960 $1,160 $1,450 $1,790 $2,150
High Rent(110%) $1,056 $1,276 $1,595 $1,969 $2,365
2021 Northampton, MA 1063 Low Rent (90%) $882 $1,062 $1,341 $1,665 $1,953
Average Rent $980 $1,180 $1,490 $1,850 $2,170
High Rent (110%) $1,078 $1,298 $1,639 $2,035 $2,387
2020 Northampton, MA 1063 Low Rent (90%) $873 $1,035 $1,314 $1,638 $1,899
Average Rent $970 $1,150 $1,460 $1,820 $2,110
High Rent(110%) $1,067 $1,265 $1,606 $2,002 $2,321
2019 Northampton, MA 1063 Low Rent (90%) $693 $819 $1,044 $1,305 $1,494
Average Rent $770 $910 $1,160 $1,450 $1,660
High Rent (110%) $847 $1,001 $1,276 $1,595 $1,826


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