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

Tallahassee, FL 32304'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 32304 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 $936 to a high of $1,144, with an average of $1,040.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,044, a maximum of $1,276, and an average of $1,160.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,179, peaking at a maximum of $1,441, and averaging at $1,310.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,503, a maximum of $1,837, and an average of $1,670.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,674 to a maximum of $2,046, with an average of $1,860.

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 Tallahassee, FL 32304 Low Rent (90%) $936 $1,044 $1,179 $1,503 $1,674
Average Rent $1,040 $1,160 $1,310 $1,670 $1,860
High Rent(110%) $1,144 $1,276 $1,441 $1,837 $2,046
2023 Tallahassee, FL 32304 Low Rent (90%) $792 $891 $1,035 $1,341 $1,467
Average Rent $880 $990 $1,150 $1,490 $1,630
High Rent (110%) $968 $1,089 $1,265 $1,639 $1,793
2022 Tallahassee, FL 32304 Low Rent (90%) $702 $792 $945 $1,233 $1,341
Average Rent $780 $880 $1,050 $1,370 $1,490
High Rent(110%) $858 $968 $1,155 $1,507 $1,639
2021 Tallahassee, FL 32304 Low Rent (90%) $639 $693 $846 $1,125 $1,224
Average Rent $710 $770 $940 $1,250 $1,360
High Rent (110%) $781 $847 $1,034 $1,375 $1,496
2020 Tallahassee, FL 32304 Low Rent (90%) $648 $693 $855 $1,143 $1,242
Average Rent $720 $770 $950 $1,270 $1,380
High Rent(110%) $792 $847 $1,045 $1,397 $1,518
2019 Tallahassee, FL 32304 Low Rent (90%) $630 $675 $828 $1,107 $1,215
Average Rent $700 $750 $920 $1,230 $1,350
High Rent (110%) $770 $825 $1,012 $1,353 $1,485


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