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

Paeonian Springs, VA 20129'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 20129 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 $1,746 to a high of $2,134, with an average of $1,940.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,773, a maximum of $2,167, and an average of $1,970.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,016, peaking at a maximum of $2,464, and averaging at $2,240.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,511, a maximum of $3,069, and an average of $2,790.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,970 to a maximum of $3,630, with an average of $3,300.

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 Paeonian Springs, VA 20129 Low Rent (90%) $1,746 $1,773 $2,016 $2,511 $2,970
Average Rent $1,940 $1,970 $2,240 $2,790 $3,300
High Rent(110%) $2,134 $2,167 $2,464 $3,069 $3,630
2023 Paeonian Springs, VA 20129 Low Rent (90%) $1,413 $1,440 $1,638 $2,043 $2,439
Average Rent $1,570 $1,600 $1,820 $2,270 $2,710
High Rent (110%) $1,727 $1,760 $2,002 $2,497 $2,981
2022 Paeonian Springs, VA 20129 Low Rent (90%) $1,377 $1,404 $1,593 $2,016 $2,421
Average Rent $1,530 $1,560 $1,770 $2,240 $2,690
High Rent(110%) $1,683 $1,716 $1,947 $2,464 $2,959
2021 Paeonian Springs, VA 20129 Low Rent (90%) $1,377 $1,404 $1,602 $2,061 $2,493
Average Rent $1,530 $1,560 $1,780 $2,290 $2,770
High Rent (110%) $1,683 $1,716 $1,958 $2,519 $3,047
2020 Paeonian Springs, VA 20129 Low Rent (90%) $1,278 $1,314 $1,494 $1,944 $2,376
Average Rent $1,420 $1,460 $1,660 $2,160 $2,640
High Rent(110%) $1,562 $1,606 $1,826 $2,376 $2,904
2019 Paeonian Springs, VA 20129 Low Rent (90%) $1,395 $1,431 $1,638 $2,142 $2,637
Average Rent $1,550 $1,590 $1,820 $2,380 $2,930
High Rent (110%) $1,705 $1,749 $2,002 $2,618 $3,223


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