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

Jacksonville, FL 32218'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 32218 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 $1,116 to a high of $1,364, with an average of $1,240.
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 $1,440, peaking at a maximum of $1,760, and averaging at $1,600.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,818, a maximum of $2,222, and an average of $2,020.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,313 to a maximum of $2,827, with an average of $2,570.

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 Jacksonville, FL 32218 Low Rent (90%) $1,116 $1,215 $1,440 $1,818 $2,313
Average Rent $1,240 $1,350 $1,600 $2,020 $2,570
High Rent(110%) $1,364 $1,485 $1,760 $2,222 $2,827
2023 Jacksonville, FL 32218 Low Rent (90%) $846 $972 $1,152 $1,485 $1,881
Average Rent $940 $1,080 $1,280 $1,650 $2,090
High Rent (110%) $1,034 $1,188 $1,408 $1,815 $2,299
2022 Jacksonville, FL 32218 Low Rent (90%) $720 $864 $1,035 $1,341 $1,701
Average Rent $800 $960 $1,150 $1,490 $1,890
High Rent(110%) $880 $1,056 $1,265 $1,639 $2,079
2021 Jacksonville, FL 32218 Low Rent (90%) $630 $783 $945 $1,233 $1,575
Average Rent $700 $870 $1,050 $1,370 $1,750
High Rent (110%) $770 $957 $1,155 $1,507 $1,925
2020 Jacksonville, FL 32218 Low Rent (90%) $594 $738 $900 $1,179 $1,512
Average Rent $660 $820 $1,000 $1,310 $1,680
High Rent(110%) $726 $902 $1,100 $1,441 $1,848
2019 Jacksonville, FL 32218 Low Rent (90%) $531 $675 $819 $1,080 $1,386
Average Rent $590 $750 $910 $1,200 $1,540
High Rent (110%) $649 $825 $1,001 $1,320 $1,694


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