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

Little Neck, NY 11362'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 11362 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 $2,655 to a high of $3,245, with an average of $2,950.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,727, a maximum of $3,333, and an average of $3,030.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,060, peaking at a maximum of $3,740, and averaging at $3,400.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,816, a maximum of $4,664, and an average of $4,240.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,113 to a maximum of $5,027, with an average of $4,570.

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 Little Neck, NY 11362 Low Rent (90%) $2,655 $2,727 $3,060 $3,816 $4,113
Average Rent $2,950 $3,030 $3,400 $4,240 $4,570
High Rent(110%) $3,245 $3,333 $3,740 $4,664 $5,027
2023 Little Neck, NY 11362 Low Rent (90%) $2,304 $2,358 $2,664 $3,348 $3,609
Average Rent $2,560 $2,620 $2,960 $3,720 $4,010
High Rent (110%) $2,816 $2,882 $3,256 $4,092 $4,411
2022 Little Neck, NY 11362 Low Rent (90%) $2,178 $2,223 $2,529 $3,186 $3,429
Average Rent $2,420 $2,470 $2,810 $3,540 $3,810
High Rent(110%) $2,662 $2,717 $3,091 $3,894 $4,191
2021 Little Neck, NY 11362 Low Rent (90%) $1,935 $1,980 $2,259 $2,862 $3,060
Average Rent $2,150 $2,200 $2,510 $3,180 $3,400
High Rent (110%) $2,365 $2,420 $2,761 $3,498 $3,740
2020 Little Neck, NY 11362 Low Rent (90%) $1,890 $1,944 $2,214 $2,808 $2,997
Average Rent $2,100 $2,160 $2,460 $3,120 $3,330
High Rent(110%) $2,310 $2,376 $2,706 $3,432 $3,663
2019 Little Neck, NY 11362 Low Rent (90%) $1,809 $1,854 $2,124 $2,700 $2,871
Average Rent $2,010 $2,060 $2,360 $3,000 $3,190
High Rent (110%) $2,211 $2,266 $2,596 $3,300 $3,509


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