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HomeForumsBuying & Selling Real EstateHow does section 8 determine what rent you are entitled to?
Christopher McGuire's profile image
Christopher McGuire's profile image
Christopher McGuire
  • Appraiser
  • from Birmingham, Alabama
  • Member since Aug 3, 2008
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Christopher McGuire's profile image
Christopher McGuire's profile image
Christopher McGuire
  • Appraiser
  • from Birmingham, Alabama
  • Member since Aug 3, 2008
Connect
Christopher McGuire
  • Appraiser
  • Birmingham, AL
4
Votes |
54
Posts
Buying & Selling Real Estate

How does section 8 determine what rent you are entitled to?

Christopher McGuire
  • Appraiser
  • Birmingham, AL
Posted Dec 21 2014, 14:25

I don't have any section 8 rentals at this time but I am looking into it as the numbers appear good on the surface.

FMR for 2015 in my county is $950 for a three bedroom house according to the Section 8 website.

http://www.huduser.org/portal/datasets/fmr/fmrs/FY...

I know the answer should be obvious but is that what they pay for all three bedrooms in my county? $950 is much higher than the market price of $750 I am currently getting for my 3 bedrooms.

Section 8 looks really attractive at that price point...

Thanks in advance for your responses.

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