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

Lakeville, MA 2347'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 2347 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 $1,431 to a high of $1,749, with an average of $1,590.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,530, a maximum of $1,870, and an average of $1,700.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,007, peaking at a maximum of $2,453, and averaging at $2,230.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,547, a maximum of $3,113, and an average of $2,830.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,853 to a maximum of $3,487, with an average of $3,170.

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 Lakeville, MA 2347 Low Rent (90%) $1,431 $1,530 $2,007 $2,547 $2,853
Average Rent $1,590 $1,700 $2,230 $2,830 $3,170
High Rent(110%) $1,749 $1,870 $2,453 $3,113 $3,487
2024 Lakeville, MA 2347 Low Rent (90%) $1,431 $1,530 $2,007 $2,547 $2,853
Average Rent $1,590 $1,700 $2,230 $2,830 $3,170
High Rent (110%) $1,749 $1,870 $2,453 $3,113 $3,487
2024 Lakeville, MA 2347 Low Rent (90%) $1,431 $1,530 $2,007 $2,547 $2,853
Average Rent $1,590 $1,700 $2,230 $2,830 $3,170
High Rent(110%) $1,749 $1,870 $2,453 $3,113 $3,487
2023 Lakeville, MA 2347 Low Rent (90%) $1,278 $1,449 $1,908 $2,430 $2,772
Average Rent $1,420 $1,610 $2,120 $2,700 $3,080
High Rent (110%) $1,562 $1,771 $2,332 $2,970 $3,388
2022 Lakeville, MA 2347 Low Rent (90%) $1,188 $1,350 $1,782 $2,259 $2,592
Average Rent $1,320 $1,500 $1,980 $2,510 $2,880
High Rent(110%) $1,452 $1,650 $2,178 $2,761 $3,168
2021 Lakeville, MA 2347 Low Rent (90%) $1,017 $1,170 $1,539 $1,944 $2,259
Average Rent $1,130 $1,300 $1,710 $2,160 $2,510
High Rent (110%) $1,243 $1,430 $1,881 $2,376 $2,761
2020 Lakeville, MA 2347 Low Rent (90%) $1,017 $1,107 $1,458 $1,827 $2,133
Average Rent $1,130 $1,230 $1,620 $2,030 $2,370
High Rent(110%) $1,243 $1,353 $1,782 $2,233 $2,607
2019 Lakeville, MA 2347 Low Rent (90%) $936 $1,035 $1,341 $1,683 $1,962
Average Rent $1,040 $1,150 $1,490 $1,870 $2,180
High Rent (110%) $1,144 $1,265 $1,639 $2,057 $2,398


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