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

Malibu, CA 90263'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 90263 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 $2,394 to a high of $2,926, with an average of $2,660.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,709, a maximum of $3,311, and an average of $3,010.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,429, peaking at a maximum of $4,191, and averaging at $3,810.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,410, a maximum of $5,390, and an average of $4,900.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,878 to a maximum of $5,962, with an average of $5,420.

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 Malibu, CA 90263 Low Rent (90%) $2,394 $2,709 $3,429 $4,410 $4,878
Average Rent $2,660 $3,010 $3,810 $4,900 $5,420
High Rent(110%) $2,926 $3,311 $4,191 $5,390 $5,962
2023 Malibu, CA 90263 Low Rent (90%) $1,692 $1,953 $2,493 $3,294 $3,591
Average Rent $1,880 $2,170 $2,770 $3,660 $3,990
High Rent (110%) $2,068 $2,387 $3,047 $4,026 $4,389
2022 Malibu, CA 90263 Low Rent (90%) $1,872 $2,169 $2,763 $3,654 $3,987
Average Rent $2,080 $2,410 $3,070 $4,060 $4,430
High Rent(110%) $2,288 $2,651 $3,377 $4,466 $4,873
2021 Malibu, CA 90263 Low Rent (90%) $1,845 $2,169 $2,781 $3,690 $4,032
Average Rent $2,050 $2,410 $3,090 $4,100 $4,480
High Rent (110%) $2,255 $2,651 $3,399 $4,510 $4,928
2020 Malibu, CA 90263 Low Rent (90%) $1,728 $2,043 $2,637 $3,528 $3,861
Average Rent $1,920 $2,270 $2,930 $3,920 $4,290
High Rent(110%) $2,112 $2,497 $3,223 $4,312 $4,719
2019 Malibu, CA 90263 Low Rent (90%) $1,044 $1,242 $1,611 $2,160 $2,376
Average Rent $1,160 $1,380 $1,790 $2,400 $2,640
High Rent (110%) $1,276 $1,518 $1,969 $2,640 $2,904


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