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

Barnesville, MD 20838'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 20838 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 $1,467 to a high of $1,793, with an average of $1,630.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,494, a maximum of $1,826, and an average of $1,660.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,692, peaking at a maximum of $2,068, and averaging at $1,880.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,106, a maximum of $2,574, and an average of $2,340.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,502 to a maximum of $3,058, with an average of $2,780.

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 Barnesville, MD 20838 Low Rent (90%) $1,467 $1,494 $1,692 $2,106 $2,502
Average Rent $1,630 $1,660 $1,880 $2,340 $2,780
High Rent(110%) $1,793 $1,826 $2,068 $2,574 $3,058
2023 Barnesville, MD 20838 Low Rent (90%) $1,296 $1,314 $1,494 $1,872 $2,232
Average Rent $1,440 $1,460 $1,660 $2,080 $2,480
High Rent (110%) $1,584 $1,606 $1,826 $2,288 $2,728
2022 Barnesville, MD 20838 Low Rent (90%) $1,188 $1,206 $1,377 $1,746 $2,097
Average Rent $1,320 $1,340 $1,530 $1,940 $2,330
High Rent(110%) $1,452 $1,474 $1,683 $2,134 $2,563
2021 Barnesville, MD 20838 Low Rent (90%) $1,116 $1,143 $1,305 $1,692 $2,088
Average Rent $1,240 $1,270 $1,450 $1,880 $2,320
High Rent (110%) $1,364 $1,397 $1,595 $2,068 $2,552
2020 Barnesville, MD 20838 Low Rent (90%) $1,215 $1,260 $1,440 $1,872 $2,313
Average Rent $1,350 $1,400 $1,600 $2,080 $2,570
High Rent(110%) $1,485 $1,540 $1,760 $2,288 $2,827
2019 Barnesville, MD 20838 Low Rent (90%) $1,350 $1,395 $1,593 $2,079 $2,565
Average Rent $1,500 $1,550 $1,770 $2,310 $2,850
High Rent (110%) $1,650 $1,705 $1,947 $2,541 $3,135


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