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Updated 4 months ago on . Most recent reply
![Itay Heled's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/240592/1621435523-avatar-mishmish.jpg?twic=v1/output=image/cover=128x128&v=2)
Section 8 fair market rent chart .how far is this number from reality?
Hello members !
I have a 3 BDR one bath house in Maple Heights Ohio that I am considering renting to section 8 tenant .CMHA chart for the house zip code showing a max rent of around $2000 for 3 bedroom.
I know market rent of my house is approximately 1300-1400 $
I am adding efrigerator and oven.
The house is older but in decent shape. Can someone who is expirienc with section 8 estimate what would get ?
thanks!
itay
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Itay,
In my experience Section 8 is based on the persons voucher/ situation. Although max rent maybe $2k they may only give $1k on the tenant's behalf, the tenant would pay the difference in your case $300-$400 it depends on their specific case.
I've had properties listed for more than what section 8 wanted to pay, we had to provide comps that their estimate was wrong / out of date for similar apartments.
I would contact the housing authority who manages the S8 program in your area to get an accurate ideal of how they determine what they'll pay on the tenant's behalf. I would also ask for the inspection checklist so you can ensure your place will pass inspection.
Hope this helps.