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

Austin, TX 78716'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 78716 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 $1,386 to a high of $1,694, with an average of $1,540.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,494, a maximum of $1,826, and an average of $1,660.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,755, peaking at a maximum of $2,145, and averaging at $1,950.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,250, a maximum of $2,750, and an average of $2,500.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,592 to a maximum of $3,168, with an average of $2,880.

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 Austin, TX 78716 Low Rent (90%) $1,386 $1,494 $1,755 $2,250 $2,592
Average Rent $1,540 $1,660 $1,950 $2,500 $2,880
High Rent(110%) $1,694 $1,826 $2,145 $2,750 $3,168
2023 Austin, TX 78716 Low Rent (90%) $1,143 $1,269 $1,485 $1,908 $2,205
Average Rent $1,270 $1,410 $1,650 $2,120 $2,450
High Rent (110%) $1,397 $1,551 $1,815 $2,332 $2,695
2022 Austin, TX 78716 Low Rent (90%) $999 $1,125 $1,323 $1,701 $1,998
Average Rent $1,110 $1,250 $1,470 $1,890 $2,220
High Rent(110%) $1,221 $1,375 $1,617 $2,079 $2,442
2021 Austin, TX 78716 Low Rent (90%) $963 $1,107 $1,305 $1,683 $2,007
Average Rent $1,070 $1,230 $1,450 $1,870 $2,230
High Rent (110%) $1,177 $1,353 $1,595 $2,057 $2,453
2020 Austin, TX 78716 Low Rent (90%) $900 $1,035 $1,233 $1,602 $1,935
Average Rent $1,000 $1,150 $1,370 $1,780 $2,150
High Rent(110%) $1,100 $1,265 $1,507 $1,958 $2,365
2019 Austin, TX 78716 Low Rent (90%) $846 $990 $1,197 $1,575 $1,908
Average Rent $940 $1,100 $1,330 $1,750 $2,120
High Rent (110%) $1,034 $1,210 $1,463 $1,925 $2,332


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