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

Elizabethtown, KY 42702'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 42702 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 $711 to a high of $869, with an average of $790.
One-bedroom: One-bedroom rental prices vary, with a minimum of $720, a maximum of $880, and an average of $800.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $909, peaking at a maximum of $1,111, and averaging at $1,010.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,251, a maximum of $1,529, and an average of $1,390.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,539 to a maximum of $1,881, with an average of $1,710.

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 Elizabethtown, KY 42702 Low Rent (90%) $711 $720 $909 $1,251 $1,539
Average Rent $790 $800 $1,010 $1,390 $1,710
High Rent(110%) $869 $880 $1,111 $1,529 $1,881
2023 Elizabethtown, KY 42702 Low Rent (90%) $603 $612 $792 $1,089 $1,350
Average Rent $670 $680 $880 $1,210 $1,500
High Rent (110%) $737 $748 $968 $1,331 $1,650
2022 Elizabethtown, KY 42702 Low Rent (90%) $576 $585 $765 $1,062 $1,296
Average Rent $640 $650 $850 $1,180 $1,440
High Rent(110%) $704 $715 $935 $1,298 $1,584
2021 Elizabethtown, KY 42702 Low Rent (90%) $585 $585 $774 $1,107 $1,341
Average Rent $650 $650 $860 $1,230 $1,490
High Rent (110%) $715 $715 $946 $1,353 $1,639
2020 Elizabethtown, KY 42702 Low Rent (90%) $531 $540 $711 $1,026 $1,251
Average Rent $590 $600 $790 $1,140 $1,390
High Rent(110%) $649 $660 $869 $1,254 $1,529
2019 Elizabethtown, KY 42702 Low Rent (90%) $495 $531 $702 $1,017 $1,233
Average Rent $550 $590 $780 $1,130 $1,370
High Rent (110%) $605 $649 $858 $1,243 $1,507


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