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

Houston, TX 77023'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 77023 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 $792 to a high of $968, with an average of $880.
One-bedroom: One-bedroom rental prices vary, with a minimum of $837, a maximum of $1,023, and an average of $930.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $999, peaking at a maximum of $1,221, and averaging at $1,110.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,323, a maximum of $1,617, and an average of $1,470.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,692 to a maximum of $2,068, with an average of $1,880.

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 Houston, TX 77023 Low Rent (90%) $792 $837 $999 $1,323 $1,692
Average Rent $880 $930 $1,110 $1,470 $1,880
High Rent(110%) $968 $1,023 $1,221 $1,617 $2,068
2023 Houston, TX 77023 Low Rent (90%) $774 $819 $981 $1,296 $1,674
Average Rent $860 $910 $1,090 $1,440 $1,860
High Rent (110%) $946 $1,001 $1,199 $1,584 $2,046
2022 Houston, TX 77023 Low Rent (90%) $738 $801 $954 $1,278 $1,629
Average Rent $820 $890 $1,060 $1,420 $1,810
High Rent(110%) $902 $979 $1,166 $1,562 $1,991
2021 Houston, TX 77023 Low Rent (90%) $702 $756 $909 $1,215 $1,557
Average Rent $780 $840 $1,010 $1,350 $1,730
High Rent (110%) $858 $924 $1,111 $1,485 $1,903
2020 Houston, TX 77023 Low Rent (90%) $666 $738 $900 $1,224 $1,539
Average Rent $740 $820 $1,000 $1,360 $1,710
High Rent(110%) $814 $902 $1,100 $1,496 $1,881
2019 Houston, TX 77023 Low Rent (90%) $666 $738 $900 $1,233 $1,548
Average Rent $740 $820 $1,000 $1,370 $1,720
High Rent (110%) $814 $902 $1,100 $1,507 $1,892


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