How to estimate what Section 8 will pay?

[George P.]

Any ideas what is the best way to estimate what Section 8 would pay for certain property in certain area?

thanks

[Brian Levredge]

Originally posted by George P.:

Any ideas what is the best way to estimate what Section 8 would pay for certain property in certain area?

thanks

There are several different ways. One way would be to look up the local Housing Authority program and ask them the rates for various unit sizes. Another, easier way is to go to HUD.gov and enter "fair market rents" into the search engine. It will give you this: http://portal.hud.gov/app_nhls/publicWelcome.do?cmd=doFMR. From there, select the State and County and it will give you last year's fair market rent for the area.

Keep in mind that those rents are not necessarily what HUD will always pay. Each tenant situation is unique and depends on income and other factors as well.