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

Shady Side, MD 20764'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 20764 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 $1,818 to a high of $2,222, with an average of $2,020.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,079, a maximum of $2,541, and an average of $2,310.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,556, peaking at a maximum of $3,124, and averaging at $2,840.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,312, a maximum of $4,048, and an average of $3,680.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,744 to a maximum of $4,576, with an average of $4,160.

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 Shady Side, MD 20764 Low Rent (90%) $1,818 $2,079 $2,556 $3,312 $3,744
Average Rent $2,020 $2,310 $2,840 $3,680 $4,160
High Rent(110%) $2,222 $2,541 $3,124 $4,048 $4,576
2023 Shady Side, MD 20764 Low Rent (90%) $1,386 $1,611 $1,989 $2,583 $2,952
Average Rent $1,540 $1,790 $2,210 $2,870 $3,280
High Rent (110%) $1,694 $1,969 $2,431 $3,157 $3,608
2022 Shady Side, MD 20764 Low Rent (90%) $1,170 $1,386 $1,719 $2,232 $2,556
Average Rent $1,300 $1,540 $1,910 $2,480 $2,840
High Rent(110%) $1,430 $1,694 $2,101 $2,728 $3,124
2021 Shady Side, MD 20764 Low Rent (90%) $1,107 $1,350 $1,674 $2,169 $2,484
Average Rent $1,230 $1,500 $1,860 $2,410 $2,760
High Rent (110%) $1,353 $1,650 $2,046 $2,651 $3,036
2020 Shady Side, MD 20764 Low Rent (90%) $972 $1,197 $1,494 $1,935 $2,214
Average Rent $1,080 $1,330 $1,660 $2,150 $2,460
High Rent(110%) $1,188 $1,463 $1,826 $2,365 $2,706
2019 Shady Side, MD 20764 Low Rent (90%) $864 $1,080 $1,350 $1,746 $2,007
Average Rent $960 $1,200 $1,500 $1,940 $2,230
High Rent (110%) $1,056 $1,320 $1,650 $2,134 $2,453


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