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

Buckingham, PA 18912'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 18912 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 $1,602 to a high of $1,958, with an average of $1,780.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,782, a maximum of $2,178, and an average of $1,980.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,133, peaking at a maximum of $2,607, and averaging at $2,370.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,583, a maximum of $3,157, and an average of $2,870.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,979 to a maximum of $3,641, with an average of $3,310.

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 Buckingham, PA 18912 Low Rent (90%) $1,602 $1,782 $2,133 $2,583 $2,979
Average Rent $1,780 $1,980 $2,370 $2,870 $3,310
High Rent(110%) $1,958 $2,178 $2,607 $3,157 $3,641
2023 Buckingham, PA 18912 Low Rent (90%) $1,341 $1,512 $1,827 $2,232 $2,583
Average Rent $1,490 $1,680 $2,030 $2,480 $2,870
High Rent (110%) $1,639 $1,848 $2,233 $2,728 $3,157
2022 Buckingham, PA 18912 Low Rent (90%) $1,170 $1,332 $1,611 $1,998 $2,286
Average Rent $1,300 $1,480 $1,790 $2,220 $2,540
High Rent(110%) $1,430 $1,628 $1,969 $2,442 $2,794
2021 Buckingham, PA 18912 Low Rent (90%) $1,134 $1,305 $1,584 $1,971 $2,259
Average Rent $1,260 $1,450 $1,760 $2,190 $2,510
High Rent (110%) $1,386 $1,595 $1,936 $2,409 $2,761
2020 Buckingham, PA 18912 Low Rent (90%) $1,098 $1,287 $1,557 $1,935 $2,223
Average Rent $1,220 $1,430 $1,730 $2,150 $2,470
High Rent(110%) $1,342 $1,573 $1,903 $2,365 $2,717
2019 Buckingham, PA 18912 Low Rent (90%) $810 $963 $1,161 $1,458 $1,656
Average Rent $900 $1,070 $1,290 $1,620 $1,840
High Rent (110%) $990 $1,177 $1,419 $1,782 $2,024


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