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

Longboat Key, FL 34228'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 34228 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 $2,025, a maximum of $2,475, and an average of $2,250.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,448, peaking at a maximum of $2,992, and averaging at $2,720.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,258, a maximum of $3,982, and an average of $3,620.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,879 to a maximum of $4,741, with an average of $4,310.

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 Longboat Key, FL 34228 Low Rent (90%) $1,656 $2,025 $2,448 $3,258 $3,879
Average Rent $1,840 $2,250 $2,720 $3,620 $4,310
High Rent(110%) $2,024 $2,475 $2,992 $3,982 $4,741
2023 Longboat Key, FL 34228 Low Rent (90%) $1,440 $1,728 $2,151 $2,853 $3,393
Average Rent $1,600 $1,920 $2,390 $3,170 $3,770
High Rent (110%) $1,760 $2,112 $2,629 $3,487 $4,147
2022 Longboat Key, FL 34228 Low Rent (90%) $891 $1,053 $1,341 $1,782 $2,178
Average Rent $990 $1,170 $1,490 $1,980 $2,420
High Rent(110%) $1,089 $1,287 $1,639 $2,178 $2,662
2021 Longboat Key, FL 34228 Low Rent (90%) $981 $1,161 $1,485 $1,980 $2,412
Average Rent $1,090 $1,290 $1,650 $2,200 $2,680
High Rent (110%) $1,199 $1,419 $1,815 $2,420 $2,948
2020 Longboat Key, FL 34228 Low Rent (90%) $1,089 $1,287 $1,647 $2,196 $2,673
Average Rent $1,210 $1,430 $1,830 $2,440 $2,970
High Rent(110%) $1,331 $1,573 $2,013 $2,684 $3,267
2019 Longboat Key, FL 34228 Low Rent (90%) $1,098 $1,251 $1,593 $2,160 $2,628
Average Rent $1,220 $1,390 $1,770 $2,400 $2,920
High Rent (110%) $1,342 $1,529 $1,947 $2,640 $3,212


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