The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

, 714's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 714 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $378 to a high of $462, with an average of $420.
One-bedroom: One-bedroom rental prices vary, with a minimum of $378, a maximum of $462, and an average of $420.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $450, peaking at a maximum of $550, and averaging at $500.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $594, a maximum of $726, and an average of $660.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $603 to a maximum of $737, with an average of $670.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 , 714 Low Rent (90%) $378 $378 $450 $594 $603
Average Rent $420 $420 $500 $660 $670
High Rent(110%) $462 $462 $550 $726 $737
2023 , 714 Low Rent (90%) $360 $369 $423 $567 $567
Average Rent $400 $410 $470 $630 $630
High Rent (110%) $440 $451 $517 $693 $693
2022 , 714 Low Rent (90%) $342 $351 $396 $531 $540
Average Rent $380 $390 $440 $590 $600
High Rent(110%) $418 $429 $484 $649 $660
2021 , 714 Low Rent (90%) $324 $333 $378 $513 $513
Average Rent $360 $370 $420 $570 $570
High Rent (110%) $396 $407 $462 $627 $627
2020 , 714 Low Rent (90%) $315 $324 $369 $495 $504
Average Rent $350 $360 $410 $550 $560
High Rent(110%) $385 $396 $451 $605 $616
2019 , 714 Low Rent (90%) $315 $324 $378 $504 $504
Average Rent $350 $360 $420 $560 $560
High Rent (110%) $385 $396 $462 $616 $616


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