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

Sterling Heights, MI 48314'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 48314 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 $927 to a high of $1,133, with an average of $1,030.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,026, a maximum of $1,254, and an average of $1,140.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,305, peaking at a maximum of $1,595, and averaging at $1,450.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,611, a maximum of $1,969, and an average of $1,790.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,737 to a maximum of $2,123, with an average of $1,930.

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 Sterling Heights, MI 48314 Low Rent (90%) $927 $1,026 $1,305 $1,611 $1,737
Average Rent $1,030 $1,140 $1,450 $1,790 $1,930
High Rent(110%) $1,133 $1,254 $1,595 $1,969 $2,123
2023 Sterling Heights, MI 48314 Low Rent (90%) $819 $927 $1,179 $1,467 $1,584
Average Rent $910 $1,030 $1,310 $1,630 $1,760
High Rent (110%) $1,001 $1,133 $1,441 $1,793 $1,936
2022 Sterling Heights, MI 48314 Low Rent (90%) $702 $819 $1,044 $1,323 $1,422
Average Rent $780 $910 $1,160 $1,470 $1,580
High Rent(110%) $858 $1,001 $1,276 $1,617 $1,738
2021 Sterling Heights, MI 48314 Low Rent (90%) $657 $774 $990 $1,269 $1,377
Average Rent $730 $860 $1,100 $1,410 $1,530
High Rent (110%) $803 $946 $1,210 $1,551 $1,683
2020 Sterling Heights, MI 48314 Low Rent (90%) $603 $720 $918 $1,188 $1,296
Average Rent $670 $800 $1,020 $1,320 $1,440
High Rent(110%) $737 $880 $1,122 $1,452 $1,584
2019 Sterling Heights, MI 48314 Low Rent (90%) $585 $711 $909 $1,188 $1,287
Average Rent $650 $790 $1,010 $1,320 $1,430
High Rent (110%) $715 $869 $1,111 $1,452 $1,573


Discover Section 8 FMR by zip code