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

Craigsville, VA 24430'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 24430 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 $693 to a high of $847, with an average of $770.
One-bedroom: One-bedroom rental prices vary, with a minimum of $702, a maximum of $858, and an average of $780.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $819, peaking at a maximum of $1,001, and averaging at $910.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,143, a maximum of $1,397, and an average of $1,270.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,368 to a maximum of $1,672, with an average of $1,520.

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 Craigsville, VA 24430 Low Rent (90%) $693 $702 $819 $1,143 $1,368
Average Rent $770 $780 $910 $1,270 $1,520
High Rent(110%) $847 $858 $1,001 $1,397 $1,672
2023 Craigsville, VA 24430 Low Rent (90%) $594 $603 $747 $1,017 $1,242
Average Rent $660 $670 $830 $1,130 $1,380
High Rent (110%) $726 $737 $913 $1,243 $1,518
2022 Craigsville, VA 24430 Low Rent (90%) $567 $567 $738 $1,008 $1,152
Average Rent $630 $630 $820 $1,120 $1,280
High Rent(110%) $693 $693 $902 $1,232 $1,408
2021 Craigsville, VA 24430 Low Rent (90%) $558 $558 $729 $990 $1,044
Average Rent $620 $620 $810 $1,100 $1,160
High Rent (110%) $682 $682 $891 $1,210 $1,276
2020 Craigsville, VA 24430 Low Rent (90%) $540 $540 $711 $963 $963
Average Rent $600 $600 $790 $1,070 $1,070
High Rent(110%) $660 $660 $869 $1,177 $1,177
2019 Craigsville, VA 24430 Low Rent (90%) $540 $540 $702 $954 $954
Average Rent $600 $600 $780 $1,060 $1,060
High Rent (110%) $660 $660 $858 $1,166 $1,166


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