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

West River, MD 20778'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 20778 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 $1,692 to a high of $2,068, with an average of $1,880.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,944, a maximum of $2,376, and an average of $2,160.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,385, peaking at a maximum of $2,915, and averaging at $2,650.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,096, a maximum of $3,784, and an average of $3,440.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,501 to a maximum of $4,279, with an average of $3,890.

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 West River, MD 20778 Low Rent (90%) $1,692 $1,944 $2,385 $3,096 $3,501
Average Rent $1,880 $2,160 $2,650 $3,440 $3,890
High Rent(110%) $2,068 $2,376 $2,915 $3,784 $4,279
2023 West River, MD 20778 Low Rent (90%) $1,188 $1,377 $1,701 $2,205 $2,520
Average Rent $1,320 $1,530 $1,890 $2,450 $2,800
High Rent (110%) $1,452 $1,683 $2,079 $2,695 $3,080
2022 West River, MD 20778 Low Rent (90%) $1,017 $1,197 $1,494 $1,935 $2,214
Average Rent $1,130 $1,330 $1,660 $2,150 $2,460
High Rent(110%) $1,243 $1,463 $1,826 $2,365 $2,706
2021 West River, MD 20778 Low Rent (90%) $999 $1,215 $1,512 $1,962 $2,241
Average Rent $1,110 $1,350 $1,680 $2,180 $2,490
High Rent (110%) $1,221 $1,485 $1,848 $2,398 $2,739
2020 West River, MD 20778 Low Rent (90%) $945 $1,161 $1,449 $1,881 $2,142
Average Rent $1,050 $1,290 $1,610 $2,090 $2,380
High Rent(110%) $1,155 $1,419 $1,771 $2,299 $2,618
2019 West River, MD 20778 Low Rent (90%) $999 $1,242 $1,548 $1,998 $2,295
Average Rent $1,110 $1,380 $1,720 $2,220 $2,550
High Rent (110%) $1,221 $1,518 $1,892 $2,442 $2,805


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