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

Seattle, WA 98194'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 98194 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 $2,034 to a high of $2,486, with an average of $2,260.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,088, a maximum of $2,552, and an average of $2,320.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,430, peaking at a maximum of $2,970, and averaging at $2,700.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,222, a maximum of $3,938, and an average of $3,580.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,753 to a maximum of $4,587, with an average of $4,170.

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 Seattle, WA 98194 Low Rent (90%) $2,034 $2,088 $2,430 $3,222 $3,753
Average Rent $2,260 $2,320 $2,700 $3,580 $4,170
High Rent(110%) $2,486 $2,552 $2,970 $3,938 $4,587
2023 Seattle, WA 98194 Low Rent (90%) $1,881 $1,935 $2,259 $3,033 $3,537
Average Rent $2,090 $2,150 $2,510 $3,370 $3,930
High Rent (110%) $2,299 $2,365 $2,761 $3,707 $4,323
2022 Seattle, WA 98194 Low Rent (90%) $1,539 $1,602 $1,881 $2,574 $3,024
Average Rent $1,710 $1,780 $2,090 $2,860 $3,360
High Rent(110%) $1,881 $1,958 $2,299 $3,146 $3,696
2021 Seattle, WA 98194 Low Rent (90%) $1,395 $1,467 $1,746 $2,466 $2,907
Average Rent $1,550 $1,630 $1,940 $2,740 $3,230
High Rent (110%) $1,705 $1,793 $2,134 $3,014 $3,553
2020 Seattle, WA 98194 Low Rent (90%) $1,485 $1,593 $1,917 $2,736 $3,222
Average Rent $1,650 $1,770 $2,130 $3,040 $3,580
High Rent(110%) $1,815 $1,947 $2,343 $3,344 $3,938
2019 Seattle, WA 98194 Low Rent (90%) $1,287 $1,413 $1,728 $2,484 $2,934
Average Rent $1,430 $1,570 $1,920 $2,760 $3,260
High Rent (110%) $1,573 $1,727 $2,112 $3,036 $3,586


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