Some public housing authorities (PHA’s) will in fact pay more than fair market rents (FMR), but only 10% to 25% more. Most PHA’s will not pay more. For example, Dallas has several PHA’s that service the area. I always suggest to investors that they price their property according to the highest-paying PHA, but be able to cash flow off FMR.
The best way to determine what Section 8 will pay is to do a Comparative Market Analysis (CMA) on your investment property and then price your rent accordingly.