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

Swampscott, MA 1907'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 1907 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 $2,241 to a high of $2,739, with an average of $2,490.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,403, a maximum of $2,937, and an average of $2,670.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,862, peaking at a maximum of $3,498, and averaging at $3,180.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,456, a maximum of $4,224, and an average of $3,840.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,816 to a maximum of $4,664, with an average of $4,240.

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 Swampscott, MA 1907 Low Rent (90%) $2,241 $2,403 $2,862 $3,456 $3,816
Average Rent $2,490 $2,670 $3,180 $3,840 $4,240
High Rent(110%) $2,739 $2,937 $3,498 $4,224 $4,664
2023 Swampscott, MA 1907 Low Rent (90%) $2,061 $2,241 $2,682 $3,267 $3,600
Average Rent $2,290 $2,490 $2,980 $3,630 $4,000
High Rent (110%) $2,519 $2,739 $3,278 $3,993 $4,400
2022 Swampscott, MA 1907 Low Rent (90%) $1,800 $1,980 $2,394 $2,961 $3,249
Average Rent $2,000 $2,200 $2,660 $3,290 $3,610
High Rent(110%) $2,200 $2,420 $2,926 $3,619 $3,971
2021 Swampscott, MA 1907 Low Rent (90%) $1,647 $1,827 $2,214 $2,754 $3,006
Average Rent $1,830 $2,030 $2,460 $3,060 $3,340
High Rent (110%) $2,013 $2,233 $2,706 $3,366 $3,674
2020 Swampscott, MA 1907 Low Rent (90%) $1,548 $1,719 $2,088 $2,601 $2,826
Average Rent $1,720 $1,910 $2,320 $2,890 $3,140
High Rent(110%) $1,892 $2,101 $2,552 $3,179 $3,454
2019 Swampscott, MA 1907 Low Rent (90%) $1,395 $1,557 $1,899 $2,376 $2,565
Average Rent $1,550 $1,730 $2,110 $2,640 $2,850
High Rent (110%) $1,705 $1,903 $2,321 $2,904 $3,135


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