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

Burlington, NC 27215'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 27215 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 $774 to a high of $946, with an average of $860.
One-bedroom: One-bedroom rental prices vary, with a minimum of $963, a maximum of $1,177, and an average of $1,070.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,116, peaking at a maximum of $1,364, and averaging at $1,240.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,404, a maximum of $1,716, and an average of $1,560.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,584 to a maximum of $1,936, with an average of $1,760.

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 Burlington, NC 27215 Low Rent (90%) $774 $963 $1,116 $1,404 $1,584
Average Rent $860 $1,070 $1,240 $1,560 $1,760
High Rent(110%) $946 $1,177 $1,364 $1,716 $1,936
2024 Burlington, NC 27215 Low Rent (90%) $774 $963 $1,116 $1,404 $1,584
Average Rent $860 $1,070 $1,240 $1,560 $1,760
High Rent (110%) $946 $1,177 $1,364 $1,716 $1,936
2023 Burlington, NC 27215 Low Rent (90%) $684 $792 $972 $1,224 $1,323
Average Rent $760 $880 $1,080 $1,360 $1,470
High Rent(110%) $836 $968 $1,188 $1,496 $1,617
2022 Burlington, NC 27215 Low Rent (90%) $603 $675 $855 $1,080 $1,161
Average Rent $670 $750 $950 $1,200 $1,290
High Rent (110%) $737 $825 $1,045 $1,320 $1,419
2021 Burlington, NC 27215 Low Rent (90%) $594 $639 $828 $1,053 $1,125
Average Rent $660 $710 $920 $1,170 $1,250
High Rent(110%) $726 $781 $1,012 $1,287 $1,375
2020 Burlington, NC 27215 Low Rent (90%) $567 $621 $792 $1,026 $1,170
Average Rent $630 $690 $880 $1,140 $1,300
High Rent (110%) $693 $759 $968 $1,254 $1,430
2019 Burlington, NC 27215 Low Rent (90%) $540 $612 $774 $1,017 $1,179
Average Rent $600 $680 $860 $1,130 $1,310
High Rent(110%) $660 $748 $946 $1,243 $1,441


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