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

Lake Katrine, NY 12449'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 12449 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 $1,224 to a high of $1,496, with an average of $1,360.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,242, a maximum of $1,518, and an average of $1,380.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,620, peaking at a maximum of $1,980, and averaging at $1,800.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,088, a maximum of $2,552, and an average of $2,320.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,340 to a maximum of $2,860, with an average of $2,600.

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 Lake Katrine, NY 12449 Low Rent (90%) $1,224 $1,242 $1,620 $2,088 $2,340
Average Rent $1,360 $1,380 $1,800 $2,320 $2,600
High Rent(110%) $1,496 $1,518 $1,980 $2,552 $2,860
2023 Lake Katrine, NY 12449 Low Rent (90%) $999 $1,062 $1,377 $1,800 $2,007
Average Rent $1,110 $1,180 $1,530 $2,000 $2,230
High Rent (110%) $1,221 $1,298 $1,683 $2,200 $2,453
2022 Lake Katrine, NY 12449 Low Rent (90%) $846 $954 $1,233 $1,620 $1,827
Average Rent $940 $1,060 $1,370 $1,800 $2,030
High Rent(110%) $1,034 $1,166 $1,507 $1,980 $2,233
2021 Lake Katrine, NY 12449 Low Rent (90%) $783 $927 $1,179 $1,530 $1,737
Average Rent $870 $1,030 $1,310 $1,700 $1,930
High Rent (110%) $957 $1,133 $1,441 $1,870 $2,123
2020 Lake Katrine, NY 12449 Low Rent (90%) $729 $900 $1,125 $1,449 $1,638
Average Rent $810 $1,000 $1,250 $1,610 $1,820
High Rent(110%) $891 $1,100 $1,375 $1,771 $2,002
2019 Lake Katrine, NY 12449 Low Rent (90%) $729 $900 $1,134 $1,440 $1,575
Average Rent $810 $1,000 $1,260 $1,600 $1,750
High Rent (110%) $891 $1,100 $1,386 $1,760 $1,925


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