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

Andrews Air Force Base, MD 20762'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 20762 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 $2,196 to a high of $2,684, with an average of $2,440.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,232, a maximum of $2,728, and an average of $2,480.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,529, peaking at a maximum of $3,091, and averaging at $2,810.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,150, a maximum of $3,850, and an average of $3,500.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,726 to a maximum of $4,554, with an average of $4,140.

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 Andrews Air Force Base, MD 20762 Low Rent (90%) $2,196 $2,232 $2,529 $3,150 $3,726
Average Rent $2,440 $2,480 $2,810 $3,500 $4,140
High Rent(110%) $2,684 $2,728 $3,091 $3,850 $4,554
2023 Andrews Air Force Base, MD 20762 Low Rent (90%) $2,007 $2,043 $2,322 $2,907 $3,465
Average Rent $2,230 $2,270 $2,580 $3,230 $3,850
High Rent (110%) $2,453 $2,497 $2,838 $3,553 $4,235
2022 Andrews Air Force Base, MD 20762 Low Rent (90%) $1,989 $2,025 $2,304 $2,916 $3,501
Average Rent $2,210 $2,250 $2,560 $3,240 $3,890
High Rent(110%) $2,431 $2,475 $2,816 $3,564 $4,279
2021 Andrews Air Force Base, MD 20762 Low Rent (90%) $1,944 $1,989 $2,268 $2,907 $3,519
Average Rent $2,160 $2,210 $2,520 $3,230 $3,910
High Rent (110%) $2,376 $2,431 $2,772 $3,553 $4,301
2020 Andrews Air Force Base, MD 20762 Low Rent (90%) $1,872 $1,926 $2,196 $2,853 $3,483
Average Rent $2,080 $2,140 $2,440 $3,170 $3,870
High Rent(110%) $2,288 $2,354 $2,684 $3,487 $4,257
2019 Andrews Air Force Base, MD 20762 Low Rent (90%) $1,791 $1,836 $2,106 $2,754 $3,384
Average Rent $1,990 $2,040 $2,340 $3,060 $3,760
High Rent (110%) $2,189 $2,244 $2,574 $3,366 $4,136


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