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

Slocomb, AL 36375'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 36375 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 $648 to a high of $792, with an average of $720.
One-bedroom: One-bedroom rental prices vary, with a minimum of $657, a maximum of $803, and an average of $730.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $801, peaking at a maximum of $979, and averaging at $890.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,080, a maximum of $1,320, and an average of $1,200.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,224 to a maximum of $1,496, with an average of $1,360.

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 Slocomb, AL 36375 Low Rent (90%) $648 $657 $801 $1,080 $1,224
Average Rent $720 $730 $890 $1,200 $1,360
High Rent(110%) $792 $803 $979 $1,320 $1,496
2023 Slocomb, AL 36375 Low Rent (90%) $558 $558 $684 $909 $1,035
Average Rent $620 $620 $760 $1,010 $1,150
High Rent (110%) $682 $682 $836 $1,111 $1,265
2022 Slocomb, AL 36375 Low Rent (90%) $513 $513 $639 $846 $945
Average Rent $570 $570 $710 $940 $1,050
High Rent(110%) $627 $627 $781 $1,034 $1,155
2021 Slocomb, AL 36375 Low Rent (90%) $468 $468 $603 $792 $900
Average Rent $520 $520 $670 $880 $1,000
High Rent (110%) $572 $572 $737 $968 $1,100
2020 Slocomb, AL 36375 Low Rent (90%) $423 $423 $558 $738 $855
Average Rent $470 $470 $620 $820 $950
High Rent(110%) $517 $517 $682 $902 $1,045
2019 Slocomb, AL 36375 Low Rent (90%) $432 $441 $567 $765 $891
Average Rent $480 $490 $630 $850 $990
High Rent (110%) $528 $539 $693 $935 $1,089


Discover Section 8 FMR by zip code