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

Little Compton, RI 2837'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 2837 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 $1,656 to a high of $2,024, with an average of $1,840.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,800, a maximum of $2,200, and an average of $2,000.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,178, peaking at a maximum of $2,662, and averaging at $2,420.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,637, a maximum of $3,223, and an average of $2,930.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,258 to a maximum of $3,982, with an average of $3,620.

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 Little Compton, RI 2837 Low Rent (90%) $1,656 $1,800 $2,178 $2,637 $3,258
Average Rent $1,840 $2,000 $2,420 $2,930 $3,620
High Rent(110%) $2,024 $2,200 $2,662 $3,223 $3,982
2023 Little Compton, RI 2837 Low Rent (90%) $1,323 $1,449 $1,746 $2,124 $2,628
Average Rent $1,470 $1,610 $1,940 $2,360 $2,920
High Rent (110%) $1,617 $1,771 $2,134 $2,596 $3,212
2022 Little Compton, RI 2837 Low Rent (90%) $1,116 $1,260 $1,512 $1,872 $2,286
Average Rent $1,240 $1,400 $1,680 $2,080 $2,540
High Rent(110%) $1,364 $1,540 $1,848 $2,288 $2,794
2021 Little Compton, RI 2837 Low Rent (90%) $981 $1,107 $1,332 $1,656 $1,989
Average Rent $1,090 $1,230 $1,480 $1,840 $2,210
High Rent (110%) $1,199 $1,353 $1,628 $2,024 $2,431
2020 Little Compton, RI 2837 Low Rent (90%) $855 $972 $1,161 $1,449 $1,719
Average Rent $950 $1,080 $1,290 $1,610 $1,910
High Rent(110%) $1,045 $1,188 $1,419 $1,771 $2,101
2019 Little Compton, RI 2837 Low Rent (90%) $774 $873 $1,044 $1,305 $1,539
Average Rent $860 $970 $1,160 $1,450 $1,710
High Rent (110%) $946 $1,067 $1,276 $1,595 $1,881


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