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

Sparks, NV 89441'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 89441 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 $1,449 to a high of $1,771, with an average of $1,610.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,692, a maximum of $2,068, and an average of $1,880.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,133, peaking at a maximum of $2,607, and averaging at $2,370.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,006, a maximum of $3,674, and an average of $3,340.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,600 to a maximum of $4,400, with an average of $4,000.

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 Sparks, NV 89441 Low Rent (90%) $1,449 $1,692 $2,133 $3,006 $3,600
Average Rent $1,610 $1,880 $2,370 $3,340 $4,000
High Rent(110%) $1,771 $2,068 $2,607 $3,674 $4,400
2023 Sparks, NV 89441 Low Rent (90%) $1,431 $1,701 $2,142 $3,042 $3,645
Average Rent $1,590 $1,890 $2,380 $3,380 $4,050
High Rent (110%) $1,749 $2,079 $2,618 $3,718 $4,455
2022 Sparks, NV 89441 Low Rent (90%) $1,251 $1,494 $1,881 $2,673 $3,222
Average Rent $1,390 $1,660 $2,090 $2,970 $3,580
High Rent(110%) $1,529 $1,826 $2,299 $3,267 $3,938
2021 Sparks, NV 89441 Low Rent (90%) $1,089 $1,305 $1,647 $2,358 $2,853
Average Rent $1,210 $1,450 $1,830 $2,620 $3,170
High Rent (110%) $1,331 $1,595 $2,013 $2,882 $3,487
2020 Sparks, NV 89441 Low Rent (90%) $945 $1,143 $1,449 $2,088 $2,547
Average Rent $1,050 $1,270 $1,610 $2,320 $2,830
High Rent(110%) $1,155 $1,397 $1,771 $2,552 $3,113
2019 Sparks, NV 89441 Low Rent (90%) $900 $1,098 $1,404 $2,034 $2,466
Average Rent $1,000 $1,220 $1,560 $2,260 $2,740
High Rent (110%) $1,100 $1,342 $1,716 $2,486 $3,014


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