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

Riva, MD 21140'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 21140 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 $1,863 to a high of $2,277, with an average of $2,070.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,133, a maximum of $2,607, and an average of $2,370.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,619, peaking at a maximum of $3,201, and averaging at $2,910.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,393, a maximum of $4,147, and an average of $3,770.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,843 to a maximum of $4,697, with an average of $4,270.

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 Riva, MD 21140 Low Rent (90%) $1,863 $2,133 $2,619 $3,393 $3,843
Average Rent $2,070 $2,370 $2,910 $3,770 $4,270
High Rent(110%) $2,277 $2,607 $3,201 $4,147 $4,697
2023 Riva, MD 21140 Low Rent (90%) $1,449 $1,683 $2,079 $2,700 $3,087
Average Rent $1,610 $1,870 $2,310 $3,000 $3,430
High Rent (110%) $1,771 $2,057 $2,541 $3,300 $3,773
2022 Riva, MD 21140 Low Rent (90%) $1,134 $1,332 $1,656 $2,151 $2,466
Average Rent $1,260 $1,480 $1,840 $2,390 $2,740
High Rent(110%) $1,386 $1,628 $2,024 $2,629 $3,014
2021 Riva, MD 21140 Low Rent (90%) $1,152 $1,404 $1,737 $2,250 $2,574
Average Rent $1,280 $1,560 $1,930 $2,500 $2,860
High Rent (110%) $1,408 $1,716 $2,123 $2,750 $3,146
2020 Riva, MD 21140 Low Rent (90%) $1,206 $1,485 $1,854 $2,403 $2,745
Average Rent $1,340 $1,650 $2,060 $2,670 $3,050
High Rent(110%) $1,474 $1,815 $2,266 $2,937 $3,355
2019 Riva, MD 21140 Low Rent (90%) $1,161 $1,449 $1,809 $2,331 $2,682
Average Rent $1,290 $1,610 $2,010 $2,590 $2,980
High Rent (110%) $1,419 $1,771 $2,211 $2,849 $3,278


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