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

Paramount, CA 90723'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 90723 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 $1,422 to a high of $1,738, with an average of $1,580.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,602, a maximum of $1,958, and an average of $1,780.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,034, peaking at a maximum of $2,486, and averaging at $2,260.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,610, a maximum of $3,190, and an average of $2,900.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,880 to a maximum of $3,520, with an average of $3,200.

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 Paramount, CA 90723 Low Rent (90%) $1,422 $1,602 $2,034 $2,610 $2,880
Average Rent $1,580 $1,780 $2,260 $2,900 $3,200
High Rent(110%) $1,738 $1,958 $2,486 $3,190 $3,520
2023 Paramount, CA 90723 Low Rent (90%) $1,296 $1,476 $1,872 $2,430 $2,673
Average Rent $1,440 $1,640 $2,080 $2,700 $2,970
High Rent (110%) $1,584 $1,804 $2,288 $2,970 $3,267
2022 Paramount, CA 90723 Low Rent (90%) $1,188 $1,377 $1,755 $2,313 $2,520
Average Rent $1,320 $1,530 $1,950 $2,570 $2,800
High Rent(110%) $1,452 $1,683 $2,145 $2,827 $3,080
2021 Paramount, CA 90723 Low Rent (90%) $1,179 $1,386 $1,773 $2,358 $2,565
Average Rent $1,310 $1,540 $1,970 $2,620 $2,850
High Rent (110%) $1,441 $1,694 $2,167 $2,882 $3,135
2020 Paramount, CA 90723 Low Rent (90%) $1,098 $1,296 $1,674 $2,241 $2,448
Average Rent $1,220 $1,440 $1,860 $2,490 $2,720
High Rent(110%) $1,342 $1,584 $2,046 $2,739 $2,992
2019 Paramount, CA 90723 Low Rent (90%) $981 $1,179 $1,521 $2,043 $2,241
Average Rent $1,090 $1,310 $1,690 $2,270 $2,490
High Rent (110%) $1,199 $1,441 $1,859 $2,497 $2,739


Discover Section 8 FMR by zip code