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

Red Oak, TX 75154'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 75154 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 $1,332 to a high of $1,628, with an average of $1,480.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,404, a maximum of $1,716, and an average of $1,560.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,647, peaking at a maximum of $2,013, and averaging at $1,830.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,070, a maximum of $2,530, and an average of $2,300.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,664 to a maximum of $3,256, with an average of $2,960.

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 Red Oak, TX 75154 Low Rent (90%) $1,332 $1,404 $1,647 $2,070 $2,664
Average Rent $1,480 $1,560 $1,830 $2,300 $2,960
High Rent(110%) $1,628 $1,716 $2,013 $2,530 $3,256
2023 Red Oak, TX 75154 Low Rent (90%) $1,197 $1,260 $1,485 $1,872 $2,439
Average Rent $1,330 $1,400 $1,650 $2,080 $2,710
High Rent (110%) $1,463 $1,540 $1,815 $2,288 $2,981
2022 Red Oak, TX 75154 Low Rent (90%) $1,008 $1,080 $1,278 $1,629 $2,142
Average Rent $1,120 $1,200 $1,420 $1,810 $2,380
High Rent(110%) $1,232 $1,320 $1,562 $1,991 $2,618
2021 Red Oak, TX 75154 Low Rent (90%) $963 $1,062 $1,269 $1,638 $2,169
Average Rent $1,070 $1,180 $1,410 $1,820 $2,410
High Rent (110%) $1,177 $1,298 $1,551 $2,002 $2,651
2020 Red Oak, TX 75154 Low Rent (90%) $918 $1,044 $1,260 $1,656 $2,169
Average Rent $1,020 $1,160 $1,400 $1,840 $2,410
High Rent(110%) $1,122 $1,276 $1,540 $2,024 $2,651
2019 Red Oak, TX 75154 Low Rent (90%) $819 $963 $1,170 $1,557 $2,025
Average Rent $910 $1,070 $1,300 $1,730 $2,250
High Rent (110%) $1,001 $1,177 $1,430 $1,903 $2,475


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