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

Tacoma, WA 98402'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 98402 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 $1,260 to a high of $1,540, with an average of $1,400.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,413, a maximum of $1,727, and an average of $1,570.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,755, peaking at a maximum of $2,145, and averaging at $1,950.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,475, a maximum of $3,025, and an average of $2,750.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,862 to a maximum of $3,498, with an average of $3,180.

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 Tacoma, WA 98402 Low Rent (90%) $1,260 $1,413 $1,755 $2,475 $2,862
Average Rent $1,400 $1,570 $1,950 $2,750 $3,180
High Rent(110%) $1,540 $1,727 $2,145 $3,025 $3,498
2023 Tacoma, WA 98402 Low Rent (90%) $1,044 $1,170 $1,467 $2,088 $2,448
Average Rent $1,160 $1,300 $1,630 $2,320 $2,720
High Rent (110%) $1,276 $1,430 $1,793 $2,552 $2,992
2022 Tacoma, WA 98402 Low Rent (90%) $1,098 $1,206 $1,539 $2,187 $2,637
Average Rent $1,220 $1,340 $1,710 $2,430 $2,930
High Rent(110%) $1,342 $1,474 $1,881 $2,673 $3,223
2021 Tacoma, WA 98402 Low Rent (90%) $1,080 $1,206 $1,566 $2,241 $2,709
Average Rent $1,200 $1,340 $1,740 $2,490 $3,010
High Rent (110%) $1,320 $1,474 $1,914 $2,739 $3,311
2020 Tacoma, WA 98402 Low Rent (90%) $1,035 $1,152 $1,512 $2,178 $2,655
Average Rent $1,150 $1,280 $1,680 $2,420 $2,950
High Rent(110%) $1,265 $1,408 $1,848 $2,662 $3,245
2019 Tacoma, WA 98402 Low Rent (90%) $909 $1,017 $1,332 $1,926 $2,340
Average Rent $1,010 $1,130 $1,480 $2,140 $2,600
High Rent (110%) $1,111 $1,243 $1,628 $2,354 $2,860


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