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

Bow, WA 98232'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 98232 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 $1,413 to a high of $1,727, with an average of $1,570.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,611, a maximum of $1,969, and an average of $1,790.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,088, peaking at a maximum of $2,552, and averaging at $2,320.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,943, a maximum of $3,597, and an average of $3,270.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,267 to a maximum of $3,993, with an average of $3,630.

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 Bow, WA 98232 Low Rent (90%) $1,413 $1,611 $2,088 $2,943 $3,267
Average Rent $1,570 $1,790 $2,320 $3,270 $3,630
High Rent(110%) $1,727 $1,969 $2,552 $3,597 $3,993
2023 Bow, WA 98232 Low Rent (90%) $1,242 $1,467 $1,854 $2,637 $3,060
Average Rent $1,380 $1,630 $2,060 $2,930 $3,400
High Rent (110%) $1,518 $1,793 $2,266 $3,223 $3,740
2022 Bow, WA 98232 Low Rent (90%) $1,170 $1,395 $1,764 $2,502 $2,934
Average Rent $1,300 $1,550 $1,960 $2,780 $3,260
High Rent(110%) $1,430 $1,705 $2,156 $3,058 $3,586
2021 Bow, WA 98232 Low Rent (90%) $765 $864 $1,089 $1,566 $1,872
Average Rent $850 $960 $1,210 $1,740 $2,080
High Rent (110%) $935 $1,056 $1,331 $1,914 $2,288
2020 Bow, WA 98232 Low Rent (90%) $738 $828 $1,062 $1,530 $1,791
Average Rent $820 $920 $1,180 $1,700 $1,990
High Rent(110%) $902 $1,012 $1,298 $1,870 $2,189
2019 Bow, WA 98232 Low Rent (90%) $540 $630 $801 $1,143 $1,305
Average Rent $600 $700 $890 $1,270 $1,450
High Rent (110%) $660 $770 $979 $1,397 $1,595


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