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

Hatboro, PA 19040'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 19040 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 $1,278 to a high of $1,562, with an average of $1,420.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,422, a maximum of $1,738, and an average of $1,580.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,701, peaking at a maximum of $2,079, and averaging at $1,890.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,061, a maximum of $2,519, and an average of $2,290.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,376 to a maximum of $2,904, with an average of $2,640.

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 Hatboro, PA 19040 Low Rent (90%) $1,278 $1,422 $1,701 $2,061 $2,376
Average Rent $1,420 $1,580 $1,890 $2,290 $2,640
High Rent(110%) $1,562 $1,738 $2,079 $2,519 $2,904
2023 Hatboro, PA 19040 Low Rent (90%) $1,044 $1,179 $1,422 $1,728 $2,007
Average Rent $1,160 $1,310 $1,580 $1,920 $2,230
High Rent (110%) $1,276 $1,441 $1,738 $2,112 $2,453
2022 Hatboro, PA 19040 Low Rent (90%) $891 $1,017 $1,233 $1,521 $1,746
Average Rent $990 $1,130 $1,370 $1,690 $1,940
High Rent(110%) $1,089 $1,243 $1,507 $1,859 $2,134
2021 Hatboro, PA 19040 Low Rent (90%) $846 $981 $1,188 $1,476 $1,692
Average Rent $940 $1,090 $1,320 $1,640 $1,880
High Rent (110%) $1,034 $1,199 $1,452 $1,804 $2,068
2020 Hatboro, PA 19040 Low Rent (90%) $810 $954 $1,152 $1,440 $1,647
Average Rent $900 $1,060 $1,280 $1,600 $1,830
High Rent(110%) $990 $1,166 $1,408 $1,760 $2,013
2019 Hatboro, PA 19040 Low Rent (90%) $783 $927 $1,125 $1,413 $1,611
Average Rent $870 $1,030 $1,250 $1,570 $1,790
High Rent (110%) $957 $1,133 $1,375 $1,727 $1,969


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