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

Longmont, CO 80503'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 80503 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 $1,602, a maximum of $1,958, and an average of $1,780.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,944, peaking at a maximum of $2,376, and averaging at $2,160.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,538, a maximum of $3,102, and an average of $2,820.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,979 to a maximum of $3,641, with an average of $3,310.

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 Longmont, CO 80503 Low Rent (90%) $1,386 $1,602 $1,944 $2,538 $2,979
Average Rent $1,540 $1,780 $2,160 $2,820 $3,310
High Rent(110%) $1,694 $1,958 $2,376 $3,102 $3,641
2024 Longmont, CO 80503 Low Rent (90%) $1,386 $1,602 $1,944 $2,538 $2,979
Average Rent $1,540 $1,780 $2,160 $2,820 $3,310
High Rent (110%) $1,694 $1,958 $2,376 $3,102 $3,641
2023 Longmont, CO 80503 Low Rent (90%) $1,206 $1,359 $1,647 $2,187 $2,592
Average Rent $1,340 $1,510 $1,830 $2,430 $2,880
High Rent(110%) $1,474 $1,661 $2,013 $2,673 $3,168
2022 Longmont, CO 80503 Low Rent (90%) $1,080 $1,215 $1,467 $1,971 $2,340
Average Rent $1,200 $1,350 $1,630 $2,190 $2,600
High Rent (110%) $1,320 $1,485 $1,793 $2,409 $2,860
2021 Longmont, CO 80503 Low Rent (90%) $1,071 $1,197 $1,440 $1,971 $2,277
Average Rent $1,190 $1,330 $1,600 $2,190 $2,530
High Rent(110%) $1,309 $1,463 $1,760 $2,409 $2,783
2020 Longmont, CO 80503 Low Rent (90%) $1,053 $1,170 $1,422 $1,971 $2,223
Average Rent $1,170 $1,300 $1,580 $2,190 $2,470
High Rent (110%) $1,287 $1,430 $1,738 $2,409 $2,717
2019 Longmont, CO 80503 Low Rent (90%) $945 $1,044 $1,269 $1,782 $1,998
Average Rent $1,050 $1,160 $1,410 $1,980 $2,220
High Rent(110%) $1,155 $1,276 $1,551 $2,178 $2,442


Discover Section 8 FMR by zip code