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

Horse Shoe, NC 28742'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 28742 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 $1,080 to a high of $1,320, with an average of $1,200.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,134, a maximum of $1,386, and an average of $1,260.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,269, peaking at a maximum of $1,551, and averaging at $1,410.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,629, a maximum of $1,991, and an average of $1,810.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,151 to a maximum of $2,629, with an average of $2,390.

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 Horse Shoe, NC 28742 Low Rent (90%) $1,080 $1,134 $1,269 $1,629 $2,151
Average Rent $1,200 $1,260 $1,410 $1,810 $2,390
High Rent(110%) $1,320 $1,386 $1,551 $1,991 $2,629
2023 Horse Shoe, NC 28742 Low Rent (90%) $990 $1,008 $1,143 $1,530 $1,944
Average Rent $1,100 $1,120 $1,270 $1,700 $2,160
High Rent (110%) $1,210 $1,232 $1,397 $1,870 $2,376
2022 Horse Shoe, NC 28742 Low Rent (90%) $927 $945 $1,080 $1,476 $1,845
Average Rent $1,030 $1,050 $1,200 $1,640 $2,050
High Rent(110%) $1,133 $1,155 $1,320 $1,804 $2,255
2021 Horse Shoe, NC 28742 Low Rent (90%) $864 $873 $1,053 $1,431 $1,836
Average Rent $960 $970 $1,170 $1,590 $2,040
High Rent (110%) $1,056 $1,067 $1,287 $1,749 $2,244
2020 Horse Shoe, NC 28742 Low Rent (90%) $954 $963 $1,161 $1,584 $2,034
Average Rent $1,060 $1,070 $1,290 $1,760 $2,260
High Rent(110%) $1,166 $1,177 $1,419 $1,936 $2,486
2019 Horse Shoe, NC 28742 Low Rent (90%) $657 $657 $819 $1,116 $1,440
Average Rent $730 $730 $910 $1,240 $1,600
High Rent (110%) $803 $803 $1,001 $1,364 $1,760


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