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

Good Hope, GA 30641'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 30641 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 $1,179 to a high of $1,441, with an average of $1,310.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,215, a maximum of $1,485, and an average of $1,350.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,395, peaking at a maximum of $1,705, and averaging at $1,550.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,683, a maximum of $2,057, and an average of $1,870.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,097 to a maximum of $2,563, with an average of $2,330.

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 Good Hope, GA 30641 Low Rent (90%) $1,179 $1,215 $1,395 $1,683 $2,097
Average Rent $1,310 $1,350 $1,550 $1,870 $2,330
High Rent(110%) $1,441 $1,485 $1,705 $2,057 $2,563
2024 Good Hope, GA 30641 Low Rent (90%) $1,179 $1,215 $1,395 $1,683 $2,097
Average Rent $1,310 $1,350 $1,550 $1,870 $2,330
High Rent (110%) $1,441 $1,485 $1,705 $2,057 $2,563
2023 Good Hope, GA 30641 Low Rent (90%) $1,071 $1,098 $1,269 $1,548 $1,935
Average Rent $1,190 $1,220 $1,410 $1,720 $2,150
High Rent(110%) $1,309 $1,342 $1,551 $1,892 $2,365
2022 Good Hope, GA 30641 Low Rent (90%) $909 $945 $1,071 $1,377 $1,692
Average Rent $1,010 $1,050 $1,190 $1,530 $1,880
High Rent (110%) $1,111 $1,155 $1,309 $1,683 $2,068
2021 Good Hope, GA 30641 Low Rent (90%) $1,008 $1,044 $1,188 $1,521 $1,872
Average Rent $1,120 $1,160 $1,320 $1,690 $2,080
High Rent(110%) $1,232 $1,276 $1,452 $1,859 $2,288
2020 Good Hope, GA 30641 Low Rent (90%) $1,116 $1,152 $1,314 $1,683 $2,079
Average Rent $1,240 $1,280 $1,460 $1,870 $2,310
High Rent (110%) $1,364 $1,408 $1,606 $2,057 $2,541
2019 Good Hope, GA 30641 Low Rent (90%) $1,116 $1,143 $1,314 $1,710 $2,070
Average Rent $1,240 $1,270 $1,460 $1,900 $2,300
High Rent(110%) $1,364 $1,397 $1,606 $2,090 $2,530


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