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

Forbes Road, PA 15633'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 15633 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 $792 to a high of $968, with an average of $880.
One-bedroom: One-bedroom rental prices vary, with a minimum of $837, a maximum of $1,023, and an average of $930.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,008, peaking at a maximum of $1,232, and averaging at $1,120.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,278, a maximum of $1,562, and an average of $1,420.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,395 to a maximum of $1,705, with an average of $1,550.

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 Forbes Road, PA 15633 Low Rent (90%) $792 $837 $1,008 $1,278 $1,395
Average Rent $880 $930 $1,120 $1,420 $1,550
High Rent(110%) $968 $1,023 $1,232 $1,562 $1,705
2023 Forbes Road, PA 15633 Low Rent (90%) $747 $783 $945 $1,206 $1,314
Average Rent $830 $870 $1,050 $1,340 $1,460
High Rent (110%) $913 $957 $1,155 $1,474 $1,606
2022 Forbes Road, PA 15633 Low Rent (90%) $666 $702 $855 $1,089 $1,197
Average Rent $740 $780 $950 $1,210 $1,330
High Rent(110%) $814 $858 $1,045 $1,331 $1,463
2021 Forbes Road, PA 15633 Low Rent (90%) $594 $639 $783 $1,008 $1,098
Average Rent $660 $710 $870 $1,120 $1,220
High Rent (110%) $726 $781 $957 $1,232 $1,342
2020 Forbes Road, PA 15633 Low Rent (90%) $558 $612 $747 $954 $1,044
Average Rent $620 $680 $830 $1,060 $1,160
High Rent(110%) $682 $748 $913 $1,166 $1,276
2019 Forbes Road, PA 15633 Low Rent (90%) $522 $585 $720 $918 $999
Average Rent $580 $650 $800 $1,020 $1,110
High Rent (110%) $638 $715 $880 $1,122 $1,221


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