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

, 692'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 692 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 $459 to a high of $561, with an average of $510.
One-bedroom: One-bedroom rental prices vary, with a minimum of $477, a maximum of $583, and an average of $530.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $549, peaking at a maximum of $671, and averaging at $610.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $729, a maximum of $891, and an average of $810.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $864 to a maximum of $1,056, with an average of $960.

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 , 692 Low Rent (90%) $459 $477 $549 $729 $864
Average Rent $510 $530 $610 $810 $960
High Rent(110%) $561 $583 $671 $891 $1,056
2023 , 692 Low Rent (90%) $405 $414 $468 $666 $801
Average Rent $450 $460 $520 $740 $890
High Rent (110%) $495 $506 $572 $814 $979
2022 , 692 Low Rent (90%) $360 $387 $459 $603 $738
Average Rent $400 $430 $510 $670 $820
High Rent(110%) $440 $473 $561 $737 $902
2021 , 692 Low Rent (90%) $351 $387 $450 $603 $738
Average Rent $390 $430 $500 $670 $820
High Rent (110%) $429 $473 $550 $737 $902
2020 , 692 Low Rent (90%) $351 $378 $450 $594 $747
Average Rent $390 $420 $500 $660 $830
High Rent(110%) $429 $462 $550 $726 $913
2019 , 692 Low Rent (90%) $342 $369 $441 $585 $729
Average Rent $380 $410 $490 $650 $810
High Rent (110%) $418 $451 $539 $715 $891


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