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

Summit, NY 12175'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 12175 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 $963 to a high of $1,177, with an average of $1,070.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,071, a maximum of $1,309, and an average of $1,190.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,305, peaking at a maximum of $1,595, and averaging at $1,450.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,575, a maximum of $1,925, and an average of $1,750.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,737 to a maximum of $2,123, with an average of $1,930.

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 Summit, NY 12175 Low Rent (90%) $963 $1,071 $1,305 $1,575 $1,737
Average Rent $1,070 $1,190 $1,450 $1,750 $1,930
High Rent(110%) $1,177 $1,309 $1,595 $1,925 $2,123
2023 Summit, NY 12175 Low Rent (90%) $927 $1,035 $1,260 $1,530 $1,692
Average Rent $1,030 $1,150 $1,400 $1,700 $1,880
High Rent (110%) $1,133 $1,265 $1,540 $1,870 $2,068
2022 Summit, NY 12175 Low Rent (90%) $855 $954 $1,161 $1,431 $1,575
Average Rent $950 $1,060 $1,290 $1,590 $1,750
High Rent(110%) $1,045 $1,166 $1,419 $1,749 $1,925
2021 Summit, NY 12175 Low Rent (90%) $747 $846 $1,035 $1,287 $1,404
Average Rent $830 $940 $1,150 $1,430 $1,560
High Rent (110%) $913 $1,034 $1,265 $1,573 $1,716
2020 Summit, NY 12175 Low Rent (90%) $630 $738 $909 $1,134 $1,224
Average Rent $700 $820 $1,010 $1,260 $1,360
High Rent(110%) $770 $902 $1,111 $1,386 $1,496
2019 Summit, NY 12175 Low Rent (90%) $567 $684 $837 $1,053 $1,143
Average Rent $630 $760 $930 $1,170 $1,270
High Rent (110%) $693 $836 $1,023 $1,287 $1,397


Discover Section 8 FMR by zip code