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

Tyler, TX 75705'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 75705 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 $855 to a high of $1,045, with an average of $950.
One-bedroom: One-bedroom rental prices vary, with a minimum of $891, a maximum of $1,089, and an average of $990.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,098, peaking at a maximum of $1,342, and averaging at $1,220.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,449, a maximum of $1,771, and an average of $1,610.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,683 to a maximum of $2,057, with an average of $1,870.

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 Tyler, TX 75705 Low Rent (90%) $855 $891 $1,098 $1,449 $1,683
Average Rent $950 $990 $1,220 $1,610 $1,870
High Rent(110%) $1,045 $1,089 $1,342 $1,771 $2,057
2023 Tyler, TX 75705 Low Rent (90%) $819 $828 $1,017 $1,314 $1,584
Average Rent $910 $920 $1,130 $1,460 $1,760
High Rent (110%) $1,001 $1,012 $1,243 $1,606 $1,936
2022 Tyler, TX 75705 Low Rent (90%) $810 $810 $981 $1,233 $1,575
Average Rent $900 $900 $1,090 $1,370 $1,750
High Rent(110%) $990 $990 $1,199 $1,507 $1,925
2021 Tyler, TX 75705 Low Rent (90%) $846 $855 $1,026 $1,287 $1,674
Average Rent $940 $950 $1,140 $1,430 $1,860
High Rent (110%) $1,034 $1,045 $1,254 $1,573 $2,046
2020 Tyler, TX 75705 Low Rent (90%) $693 $693 $837 $1,062 $1,368
Average Rent $770 $770 $930 $1,180 $1,520
High Rent(110%) $847 $847 $1,023 $1,298 $1,672
2019 Tyler, TX 75705 Low Rent (90%) $675 $684 $828 $1,071 $1,314
Average Rent $750 $760 $920 $1,190 $1,460
High Rent (110%) $825 $836 $1,012 $1,309 $1,606


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