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

Tacoma, WA 98424'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 98424 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 $1,449 to a high of $1,771, with an average of $1,610.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,629, a maximum of $1,991, and an average of $1,810.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,016, peaking at a maximum of $2,464, and averaging at $2,240.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,844, a maximum of $3,476, and an average of $3,160.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,285 to a maximum of $4,015, with an average of $3,650.

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 98424 Low Rent (90%) $1,449 $1,629 $2,016 $2,844 $3,285
Average Rent $1,610 $1,810 $2,240 $3,160 $3,650
High Rent(110%) $1,771 $1,991 $2,464 $3,476 $4,015
2023 Tacoma, WA 98424 Low Rent (90%) $1,188 $1,323 $1,665 $2,367 $2,772
Average Rent $1,320 $1,470 $1,850 $2,630 $3,080
High Rent (110%) $1,452 $1,617 $2,035 $2,893 $3,388
2022 Tacoma, WA 98424 Low Rent (90%) $1,053 $1,152 $1,476 $2,097 $2,529
Average Rent $1,170 $1,280 $1,640 $2,330 $2,810
High Rent(110%) $1,287 $1,408 $1,804 $2,563 $3,091
2021 Tacoma, WA 98424 Low Rent (90%) $990 $1,107 $1,431 $2,052 $2,475
Average Rent $1,100 $1,230 $1,590 $2,280 $2,750
High Rent (110%) $1,210 $1,353 $1,749 $2,508 $3,025
2020 Tacoma, WA 98424 Low Rent (90%) $936 $1,053 $1,377 $1,989 $2,421
Average Rent $1,040 $1,170 $1,530 $2,210 $2,690
High Rent(110%) $1,144 $1,287 $1,683 $2,431 $2,959
2019 Tacoma, WA 98424 Low Rent (90%) $846 $945 $1,242 $1,800 $2,178
Average Rent $940 $1,050 $1,380 $2,000 $2,420
High Rent (110%) $1,034 $1,155 $1,518 $2,200 $2,662


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