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

Sandy Spring, MD 20860'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 20860 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 $1,791 to a high of $2,189, with an average of $1,990.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,818, a maximum of $2,222, and an average of $2,020.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,070, peaking at a maximum of $2,530, and averaging at $2,300.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,574, a maximum of $3,146, and an average of $2,860.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,051 to a maximum of $3,729, with an average of $3,390.

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 Sandy Spring, MD 20860 Low Rent (90%) $1,791 $1,818 $2,070 $2,574 $3,051
Average Rent $1,990 $2,020 $2,300 $2,860 $3,390
High Rent(110%) $2,189 $2,222 $2,530 $3,146 $3,729
2023 Sandy Spring, MD 20860 Low Rent (90%) $1,629 $1,656 $1,881 $2,358 $2,808
Average Rent $1,810 $1,840 $2,090 $2,620 $3,120
High Rent (110%) $1,991 $2,024 $2,299 $2,882 $3,432
2022 Sandy Spring, MD 20860 Low Rent (90%) $1,665 $1,692 $1,926 $2,439 $2,925
Average Rent $1,850 $1,880 $2,140 $2,710 $3,250
High Rent(110%) $2,035 $2,068 $2,354 $2,981 $3,575
2021 Sandy Spring, MD 20860 Low Rent (90%) $1,674 $1,710 $1,953 $2,502 $3,033
Average Rent $1,860 $1,900 $2,170 $2,780 $3,370
High Rent (110%) $2,046 $2,090 $2,387 $3,058 $3,707
2020 Sandy Spring, MD 20860 Low Rent (90%) $1,602 $1,647 $1,872 $2,430 $2,961
Average Rent $1,780 $1,830 $2,080 $2,700 $3,290
High Rent(110%) $1,958 $2,013 $2,288 $2,970 $3,619
2019 Sandy Spring, MD 20860 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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