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

North Babylon, NY 11703'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 11703 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 $1,530 to a high of $1,870, with an average of $1,700.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,917, a maximum of $2,343, and an average of $2,130.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,241, peaking at a maximum of $2,739, and averaging at $2,490.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,898, a maximum of $3,542, and an average of $3,220.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,150 to a maximum of $3,850, with an average of $3,500.

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 North Babylon, NY 11703 Low Rent (90%) $1,530 $1,917 $2,241 $2,898 $3,150
Average Rent $1,700 $2,130 $2,490 $3,220 $3,500
High Rent(110%) $1,870 $2,343 $2,739 $3,542 $3,850
2023 North Babylon, NY 11703 Low Rent (90%) $1,440 $1,791 $2,151 $2,763 $3,042
Average Rent $1,600 $1,990 $2,390 $3,070 $3,380
High Rent (110%) $1,760 $2,189 $2,629 $3,377 $3,718
2022 North Babylon, NY 11703 Low Rent (90%) $1,314 $1,629 $1,980 $2,529 $2,790
Average Rent $1,460 $1,810 $2,200 $2,810 $3,100
High Rent(110%) $1,606 $1,991 $2,420 $3,091 $3,410
2021 North Babylon, NY 11703 Low Rent (90%) $1,296 $1,611 $1,971 $2,520 $2,808
Average Rent $1,440 $1,790 $2,190 $2,800 $3,120
High Rent (110%) $1,584 $1,969 $2,409 $3,080 $3,432
2020 North Babylon, NY 11703 Low Rent (90%) $1,233 $1,548 $1,899 $2,448 $2,727
Average Rent $1,370 $1,720 $2,110 $2,720 $3,030
High Rent(110%) $1,507 $1,892 $2,321 $2,992 $3,333
2019 North Babylon, NY 11703 Low Rent (90%) $1,179 $1,476 $1,818 $2,349 $2,628
Average Rent $1,310 $1,640 $2,020 $2,610 $2,920
High Rent (110%) $1,441 $1,804 $2,222 $2,871 $3,212


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