How does one verify rent rates in an area, including section8

How does one verify rent rates in an area, including section8

Los Angeles, CA · Member since 2019 · 15 posts · 6 votes

I live In California and am seriously considering buying a property in the Chicago area.

The home is a duplex, and I wanted to know how can one verify the rents in an area. As well as find out how much section8 will pay for a home in that area? All information is greatly appreciated!

Thank you in advance,

Xavier Wilson

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  • Rental Property Investor · Chicago, IL · Member since 2016 · 318 posts · 307 votes
    7y

    @Xavier Wilson I use rentometer.com for market rents. very detail info via the pro memebership. example houses vs apartments rent rates.

    for Section 8, it should be close to market rent but check out http://chicagoha.gosection8.com/Tenant/tn_Results.aspx

    good luck!

  • Crystal SmithPro Member
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    Real Estate Broker · Chicago, IL · Member since 2014 · 2k+ posts · 1k+ votes
    7y
    Originally posted by @Xavier Wilson:

    I live In California and am seriously considering buying a property in the Chicago area.

    well as find out how much section8 will pay for a home in that area? All information is greatly appreciated!

    Section 8 pays us market rates for our properties.  

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