Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago, 03/26/2024

User Stats

2
Posts
2
Votes
Mark Vella
2
Votes |
2
Posts

Section 8/HUD rents higher than market-rents

Mark Vella
Posted

Good morning. I'm wondering how people go about leasing their section 8 properties when max rent allowance for a zip code is significantly higher than market-rate (non-subsidized). I've spoken with the local housing authority, but I am noticing some inconsistencies between guidelines and what the people at the authority told me. So... Can I market and receive the rent amount HUD says is the FMR?

For example: In a zip code I have in mind, the market rate rent is about $1,350 for a 3 bedroom apartment. The maximum rent allowed for section 8 in the zip code, according to HUD, is $1,860. Can I reasonably expect to get the $1,860 rent if I lease to a section 8 tenant?

To note, it seems the only zip codes where the big rent disparities exist is middle and upper class neighborhoods (this makes me think HUD is trying to incentivize section 8 in better neighborhoods/school districts). The max HUD rent in your "typical section 8 neighborhoods" is right in line with market rent. Am I missing something here? Is my thinking flawed? Am I missing some information?

Loading replies...