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

, 98205'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 98205 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 $1,818 to a high of $2,222, with an average of $2,020.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,872, a maximum of $2,288, and an average of $2,080.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,178, peaking at a maximum of $2,662, and averaging at $2,420.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,889, a maximum of $3,531, and an average of $3,210.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,357 to a maximum of $4,103, with an average of $3,730.

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 , 98205 Low Rent (90%) $1,818 $1,872 $2,178 $2,889 $3,357
Average Rent $2,020 $2,080 $2,420 $3,210 $3,730
High Rent(110%) $2,222 $2,288 $2,662 $3,531 $4,103
2023 , 98205 Low Rent (90%) $1,980 $2,043 $2,385 $3,204 $3,735
Average Rent $2,200 $2,270 $2,650 $3,560 $4,150
High Rent (110%) $2,420 $2,497 $2,915 $3,916 $4,565
2022 , 98205 Low Rent (90%) $1,602 $1,674 $1,962 $2,682 $3,150
Average Rent $1,780 $1,860 $2,180 $2,980 $3,500
High Rent(110%) $1,958 $2,046 $2,398 $3,278 $3,850
2021 , 98205 Low Rent (90%) $1,512 $1,620 $1,944 $2,772 $3,267
Average Rent $1,680 $1,800 $2,160 $3,080 $3,630
High Rent (110%) $1,848 $1,980 $2,376 $3,388 $3,993
2020 , 98205 Low Rent (90%) $1,674 $1,791 $2,160 $3,078 $3,627
Average Rent $1,860 $1,990 $2,400 $3,420 $4,030
High Rent(110%) $2,046 $2,189 $2,640 $3,762 $4,433
2019 , 98205 Low Rent (90%) $1,512 $1,665 $2,025 $2,916 $3,438
Average Rent $1,680 $1,850 $2,250 $3,240 $3,820
High Rent (110%) $1,848 $2,035 $2,475 $3,564 $4,202


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