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

Grand Prairie, TX 75054'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 75054 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 $1,710 to a high of $2,090, with an average of $1,900.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,872, a maximum of $2,288, and an average of $2,080.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,187, peaking at a maximum of $2,673, and averaging at $2,430.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,898, a maximum of $3,542, and an average of $3,220.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,537 to a maximum of $4,323, with an average of $3,930.

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 Grand Prairie, TX 75054 Low Rent (90%) $1,710 $1,872 $2,187 $2,898 $3,537
Average Rent $1,900 $2,080 $2,430 $3,220 $3,930
High Rent(110%) $2,090 $2,288 $2,673 $3,542 $4,323
2024 Grand Prairie, TX 75054 Low Rent (90%) $1,710 $1,872 $2,187 $2,898 $3,537
Average Rent $1,900 $2,080 $2,430 $3,220 $3,930
High Rent (110%) $2,090 $2,288 $2,673 $3,542 $4,323
2023 Grand Prairie, TX 75054 Low Rent (90%) $1,485 $1,665 $1,962 $2,601 $3,213
Average Rent $1,650 $1,850 $2,180 $2,890 $3,570
High Rent(110%) $1,815 $2,035 $2,398 $3,179 $3,927
2022 Grand Prairie, TX 75054 Low Rent (90%) $1,269 $1,431 $1,710 $2,268 $2,826
Average Rent $1,410 $1,590 $1,900 $2,520 $3,140
High Rent (110%) $1,551 $1,749 $2,090 $2,772 $3,454
2021 Grand Prairie, TX 75054 Low Rent (90%) $1,215 $1,377 $1,674 $2,241 $2,799
Average Rent $1,350 $1,530 $1,860 $2,490 $3,110
High Rent(110%) $1,485 $1,683 $2,046 $2,739 $3,421
2020 Grand Prairie, TX 75054 Low Rent (90%) $1,134 $1,278 $1,575 $2,142 $2,682
Average Rent $1,260 $1,420 $1,750 $2,380 $2,980
High Rent (110%) $1,386 $1,562 $1,925 $2,618 $3,278
2019 Grand Prairie, TX 75054 Low Rent (90%) $1,017 $1,152 $1,440 $1,971 $2,493
Average Rent $1,130 $1,280 $1,600 $2,190 $2,770
High Rent(110%) $1,243 $1,408 $1,760 $2,409 $3,047


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