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

Clay, NY 13041'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 13041 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 $1,008 to a high of $1,232, with an average of $1,120.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,116, a maximum of $1,364, and an average of $1,240.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,377, peaking at a maximum of $1,683, and averaging at $1,530.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,692, a maximum of $2,068, and an average of $1,880.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,953 to a maximum of $2,387, with an average of $2,170.

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 Clay, NY 13041 Low Rent (90%) $1,008 $1,116 $1,377 $1,692 $1,953
Average Rent $1,120 $1,240 $1,530 $1,880 $2,170
High Rent(110%) $1,232 $1,364 $1,683 $2,068 $2,387
2023 Clay, NY 13041 Low Rent (90%) $999 $1,125 $1,386 $1,710 $1,971
Average Rent $1,110 $1,250 $1,540 $1,900 $2,190
High Rent (110%) $1,221 $1,375 $1,694 $2,090 $2,409
2022 Clay, NY 13041 Low Rent (90%) $855 $963 $1,188 $1,476 $1,710
Average Rent $950 $1,070 $1,320 $1,640 $1,900
High Rent(110%) $1,045 $1,177 $1,452 $1,804 $2,090
2021 Clay, NY 13041 Low Rent (90%) $801 $900 $1,116 $1,395 $1,611
Average Rent $890 $1,000 $1,240 $1,550 $1,790
High Rent (110%) $979 $1,100 $1,364 $1,705 $1,969
2020 Clay, NY 13041 Low Rent (90%) $783 $900 $1,116 $1,395 $1,602
Average Rent $870 $1,000 $1,240 $1,550 $1,780
High Rent(110%) $957 $1,100 $1,364 $1,705 $1,958
2019 Clay, NY 13041 Low Rent (90%) $720 $819 $1,026 $1,296 $1,467
Average Rent $800 $910 $1,140 $1,440 $1,630
High Rent (110%) $880 $1,001 $1,254 $1,584 $1,793


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