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

Oak Ridge, PA 16245'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 16245 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 $513 to a high of $627, with an average of $570.
One-bedroom: One-bedroom rental prices vary, with a minimum of $576, a maximum of $704, and an average of $640.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $765, peaking at a maximum of $935, and averaging at $850.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $945, a maximum of $1,155, and an average of $1,050.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,170 to a maximum of $1,430, with an average of $1,300.

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 Oak Ridge, PA 16245 Low Rent (90%) $513 $576 $765 $945 $1,170
Average Rent $570 $640 $850 $1,050 $1,300
High Rent(110%) $627 $704 $935 $1,155 $1,430
2023 Oak Ridge, PA 16245 Low Rent (90%) $495 $567 $738 $909 $1,116
Average Rent $550 $630 $820 $1,010 $1,240
High Rent (110%) $605 $693 $902 $1,111 $1,364
2022 Oak Ridge, PA 16245 Low Rent (90%) $450 $531 $684 $846 $999
Average Rent $500 $590 $760 $940 $1,110
High Rent(110%) $550 $649 $836 $1,034 $1,221
2021 Oak Ridge, PA 16245 Low Rent (90%) $441 $531 $675 $837 $945
Average Rent $490 $590 $750 $930 $1,050
High Rent (110%) $539 $649 $825 $1,023 $1,155
2020 Oak Ridge, PA 16245 Low Rent (90%) $423 $522 $639 $810 $882
Average Rent $470 $580 $710 $900 $980
High Rent(110%) $517 $638 $781 $990 $1,078
2019 Oak Ridge, PA 16245 Low Rent (90%) $423 $531 $657 $837 $891
Average Rent $470 $590 $730 $930 $990
High Rent (110%) $517 $649 $803 $1,023 $1,089


Discover Section 8 FMR by zip code