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

Sterling, MI 48659'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 48659 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 $657 to a high of $803, with an average of $730.
One-bedroom: One-bedroom rental prices vary, with a minimum of $666, a maximum of $814, and an average of $740.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $846, peaking at a maximum of $1,034, and averaging at $940.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,125, a maximum of $1,375, and an average of $1,250.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,233 to a maximum of $1,507, with an average of $1,370.

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, MI 48659 Low Rent (90%) $657 $666 $846 $1,125 $1,233
Average Rent $730 $740 $940 $1,250 $1,370
High Rent(110%) $803 $814 $1,034 $1,375 $1,507
2023 Sterling, MI 48659 Low Rent (90%) $567 $612 $783 $1,026 $1,134
Average Rent $630 $680 $870 $1,140 $1,260
High Rent (110%) $693 $748 $957 $1,254 $1,386
2022 Sterling, MI 48659 Low Rent (90%) $459 $540 $693 $909 $981
Average Rent $510 $600 $770 $1,010 $1,090
High Rent(110%) $561 $660 $847 $1,111 $1,199
2021 Sterling, MI 48659 Low Rent (90%) $432 $504 $657 $882 $918
Average Rent $480 $560 $730 $980 $1,020
High Rent (110%) $528 $616 $803 $1,078 $1,122
2020 Sterling, MI 48659 Low Rent (90%) $414 $486 $639 $846 $873
Average Rent $460 $540 $710 $940 $970
High Rent(110%) $506 $594 $781 $1,034 $1,067
2019 Sterling, MI 48659 Low Rent (90%) $405 $477 $630 $837 $873
Average Rent $450 $530 $700 $930 $970
High Rent (110%) $495 $583 $770 $1,023 $1,067


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