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

Denison, TX 75020'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 75020 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 $774 to a high of $946, with an average of $860.
One-bedroom: One-bedroom rental prices vary, with a minimum of $900, a maximum of $1,100, and an average of $1,000.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,053, peaking at a maximum of $1,287, and averaging at $1,170.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,440, a maximum of $1,760, and an average of $1,600.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,791 to a maximum of $2,189, with an average of $1,990.

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 Denison, TX 75020 Low Rent (90%) $774 $900 $1,053 $1,440 $1,791
Average Rent $860 $1,000 $1,170 $1,600 $1,990
High Rent(110%) $946 $1,100 $1,287 $1,760 $2,189
2023 Denison, TX 75020 Low Rent (90%) $621 $765 $891 $1,206 $1,485
Average Rent $690 $850 $990 $1,340 $1,650
High Rent (110%) $759 $935 $1,089 $1,474 $1,815
2022 Denison, TX 75020 Low Rent (90%) $558 $702 $828 $1,107 $1,323
Average Rent $620 $780 $920 $1,230 $1,470
High Rent(110%) $682 $858 $1,012 $1,353 $1,617
2021 Denison, TX 75020 Low Rent (90%) $567 $675 $819 $1,107 $1,242
Average Rent $630 $750 $910 $1,230 $1,380
High Rent (110%) $693 $825 $1,001 $1,353 $1,518
2020 Denison, TX 75020 Low Rent (90%) $540 $630 $783 $1,062 $1,188
Average Rent $600 $700 $870 $1,180 $1,320
High Rent(110%) $660 $770 $957 $1,298 $1,452
2019 Denison, TX 75020 Low Rent (90%) $522 $603 $765 $1,035 $1,161
Average Rent $580 $670 $850 $1,150 $1,290
High Rent (110%) $638 $737 $935 $1,265 $1,419


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