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

, 912'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 912 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 $468 to a high of $572, with an average of $520.
One-bedroom: One-bedroom rental prices vary, with a minimum of $486, a maximum of $594, and an average of $540.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $558, peaking at a maximum of $682, and averaging at $620.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $738, a maximum of $902, and an average of $820.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $882 to a maximum of $1,078, with an average of $980.

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 , 912 Low Rent (90%) $468 $486 $558 $738 $882
Average Rent $520 $540 $620 $820 $980
High Rent(110%) $572 $594 $682 $902 $1,078
2023 , 912 Low Rent (90%) $432 $441 $495 $702 $846
Average Rent $480 $490 $550 $780 $940
High Rent (110%) $528 $539 $605 $858 $1,034
2022 , 912 Low Rent (90%) $369 $405 $468 $630 $756
Average Rent $410 $450 $520 $700 $840
High Rent(110%) $451 $495 $572 $770 $924
2021 , 912 Low Rent (90%) $396 $432 $504 $675 $828
Average Rent $440 $480 $560 $750 $920
High Rent (110%) $484 $528 $616 $825 $1,012
2020 , 912 Low Rent (90%) $378 $414 $486 $648 $792
Average Rent $420 $460 $540 $720 $880
High Rent(110%) $462 $506 $594 $792 $968
2019 , 912 Low Rent (90%) $387 $414 $495 $657 $819
Average Rent $430 $460 $550 $730 $910
High Rent (110%) $473 $506 $605 $803 $1,001


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