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

Grand Bay, AL 36541'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 36541 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 $864 to a high of $1,056, with an average of $960.
One-bedroom: One-bedroom rental prices vary, with a minimum of $954, a maximum of $1,166, and an average of $1,060.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,170, peaking at a maximum of $1,430, and averaging at $1,300.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,548, a maximum of $1,892, and an average of $1,720.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,584 to a maximum of $1,936, with an average of $1,760.

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 Grand Bay, AL 36541 Low Rent (90%) $864 $954 $1,170 $1,548 $1,584
Average Rent $960 $1,060 $1,300 $1,720 $1,760
High Rent(110%) $1,056 $1,166 $1,430 $1,892 $1,936
2023 Grand Bay, AL 36541 Low Rent (90%) $846 $909 $1,134 $1,512 $1,611
Average Rent $940 $1,010 $1,260 $1,680 $1,790
High Rent (110%) $1,034 $1,111 $1,386 $1,848 $1,969
2022 Grand Bay, AL 36541 Low Rent (90%) $765 $801 $999 $1,332 $1,440
Average Rent $850 $890 $1,110 $1,480 $1,600
High Rent(110%) $935 $979 $1,221 $1,628 $1,760
2021 Grand Bay, AL 36541 Low Rent (90%) $666 $684 $855 $1,134 $1,260
Average Rent $740 $760 $950 $1,260 $1,400
High Rent (110%) $814 $836 $1,045 $1,386 $1,540
2020 Grand Bay, AL 36541 Low Rent (90%) $630 $630 $792 $1,053 $1,170
Average Rent $700 $700 $880 $1,170 $1,300
High Rent(110%) $770 $770 $968 $1,287 $1,430
2019 Grand Bay, AL 36541 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


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