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

Indian Trail, NC 28079'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 28079 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 $1,611 to a high of $1,969, with an average of $1,790.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,656, a maximum of $2,024, and an average of $1,840.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,863, peaking at a maximum of $2,277, and averaging at $2,070.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,322, a maximum of $2,838, and an average of $2,580.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,970 to a maximum of $3,630, with an average of $3,300.

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 Indian Trail, NC 28079 Low Rent (90%) $1,611 $1,656 $1,863 $2,322 $2,970
Average Rent $1,790 $1,840 $2,070 $2,580 $3,300
High Rent(110%) $1,969 $2,024 $2,277 $2,838 $3,630
2023 Indian Trail, NC 28079 Low Rent (90%) $1,368 $1,404 $1,584 $2,007 $2,592
Average Rent $1,520 $1,560 $1,760 $2,230 $2,880
High Rent (110%) $1,672 $1,716 $1,936 $2,453 $3,168
2022 Indian Trail, NC 28079 Low Rent (90%) $1,161 $1,188 $1,350 $1,746 $2,268
Average Rent $1,290 $1,320 $1,500 $1,940 $2,520
High Rent(110%) $1,419 $1,452 $1,650 $2,134 $2,772
2021 Indian Trail, NC 28079 Low Rent (90%) $1,116 $1,143 $1,305 $1,719 $2,214
Average Rent $1,240 $1,270 $1,450 $1,910 $2,460
High Rent (110%) $1,364 $1,397 $1,595 $2,101 $2,706
2020 Indian Trail, NC 28079 Low Rent (90%) $1,008 $1,035 $1,179 $1,575 $2,025
Average Rent $1,120 $1,150 $1,310 $1,750 $2,250
High Rent(110%) $1,232 $1,265 $1,441 $1,925 $2,475
2019 Indian Trail, NC 28079 Low Rent (90%) $963 $990 $1,134 $1,530 $1,962
Average Rent $1,070 $1,100 $1,260 $1,700 $2,180
High Rent (110%) $1,177 $1,210 $1,386 $1,870 $2,398


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