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

Poughkeepsie, NY 12602'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 12602 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 $1,089 to a high of $1,331, with an average of $1,210.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,251, a maximum of $1,529, and an average of $1,390.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,611, peaking at a maximum of $1,969, and averaging at $1,790.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,043, a maximum of $2,497, and an average of $2,270.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,259 to a maximum of $2,761, with an average of $2,510.

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 Poughkeepsie, NY 12602 Low Rent (90%) $1,089 $1,251 $1,611 $2,043 $2,259
Average Rent $1,210 $1,390 $1,790 $2,270 $2,510
High Rent(110%) $1,331 $1,529 $1,969 $2,497 $2,761
2023 Poughkeepsie, NY 12602 Low Rent (90%) $990 $1,089 $1,395 $1,773 $1,971
Average Rent $1,100 $1,210 $1,550 $1,970 $2,190
High Rent (110%) $1,210 $1,331 $1,705 $2,167 $2,409
2022 Poughkeepsie, NY 12602 Low Rent (90%) $918 $981 $1,251 $1,593 $1,791
Average Rent $1,020 $1,090 $1,390 $1,770 $1,990
High Rent(110%) $1,122 $1,199 $1,529 $1,947 $2,189
2021 Poughkeepsie, NY 12602 Low Rent (90%) $972 $1,035 $1,305 $1,665 $1,863
Average Rent $1,080 $1,150 $1,450 $1,850 $2,070
High Rent (110%) $1,188 $1,265 $1,595 $2,035 $2,277
2020 Poughkeepsie, NY 12602 Low Rent (90%) $918 $999 $1,251 $1,593 $1,836
Average Rent $1,020 $1,110 $1,390 $1,770 $2,040
High Rent(110%) $1,122 $1,221 $1,529 $1,947 $2,244
2019 Poughkeepsie, NY 12602 Low Rent (90%) $864 $954 $1,197 $1,530 $1,782
Average Rent $960 $1,060 $1,330 $1,700 $1,980
High Rent (110%) $1,056 $1,166 $1,463 $1,870 $2,178


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