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

Quinebaug, CT 6262'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 6262 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 $1,035 to a high of $1,265, with an average of $1,150.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,044, a maximum of $1,276, and an average of $1,160.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,359, peaking at a maximum of $1,661, and averaging at $1,510.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,656, a maximum of $2,024, and an average of $1,840.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,980 to a maximum of $2,420, with an average of $2,200.

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 Quinebaug, CT 6262 Low Rent (90%) $1,035 $1,044 $1,359 $1,656 $1,980
Average Rent $1,150 $1,160 $1,510 $1,840 $2,200
High Rent(110%) $1,265 $1,276 $1,661 $2,024 $2,420
2023 Quinebaug, CT 6262 Low Rent (90%) $972 $990 $1,287 $1,584 $1,962
Average Rent $1,080 $1,100 $1,430 $1,760 $2,180
High Rent (110%) $1,188 $1,210 $1,573 $1,936 $2,398
2022 Quinebaug, CT 6262 Low Rent (90%) $846 $864 $1,125 $1,395 $1,764
Average Rent $940 $960 $1,250 $1,550 $1,960
High Rent(110%) $1,034 $1,056 $1,375 $1,705 $2,156
2021 Quinebaug, CT 6262 Low Rent (90%) $828 $846 $1,080 $1,350 $1,656
Average Rent $920 $940 $1,200 $1,500 $1,840
High Rent (110%) $1,012 $1,034 $1,320 $1,650 $2,024
2020 Quinebaug, CT 6262 Low Rent (90%) $810 $837 $1,053 $1,350 $1,620
Average Rent $900 $930 $1,170 $1,500 $1,800
High Rent(110%) $990 $1,023 $1,287 $1,650 $1,980
2019 Quinebaug, CT 6262 Low Rent (90%) $774 $855 $1,062 $1,368 $1,512
Average Rent $860 $950 $1,180 $1,520 $1,680
High Rent (110%) $946 $1,045 $1,298 $1,672 $1,848


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