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

Sherman Oaks, CA 91423'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 91423 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 $1,980 to a high of $2,420, with an average of $2,200.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,232, a maximum of $2,728, and an average of $2,480.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,835, peaking at a maximum of $3,465, and averaging at $3,150.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,636, a maximum of $4,444, and an average of $4,040.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,014 to a maximum of $4,906, with an average of $4,460.

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 Sherman Oaks, CA 91423 Low Rent (90%) $1,980 $2,232 $2,835 $3,636 $4,014
Average Rent $2,200 $2,480 $3,150 $4,040 $4,460
High Rent(110%) $2,420 $2,728 $3,465 $4,444 $4,906
2023 Sherman Oaks, CA 91423 Low Rent (90%) $1,755 $1,998 $2,538 $3,294 $3,618
Average Rent $1,950 $2,220 $2,820 $3,660 $4,020
High Rent (110%) $2,145 $2,442 $3,102 $4,026 $4,422
2022 Sherman Oaks, CA 91423 Low Rent (90%) $1,611 $1,863 $2,376 $3,132 $3,411
Average Rent $1,790 $2,070 $2,640 $3,480 $3,790
High Rent(110%) $1,969 $2,277 $2,904 $3,828 $4,169
2021 Sherman Oaks, CA 91423 Low Rent (90%) $1,593 $1,872 $2,394 $3,186 $3,465
Average Rent $1,770 $2,080 $2,660 $3,540 $3,850
High Rent (110%) $1,947 $2,288 $2,926 $3,894 $4,235
2020 Sherman Oaks, CA 91423 Low Rent (90%) $1,503 $1,782 $2,295 $3,069 $3,348
Average Rent $1,670 $1,980 $2,550 $3,410 $3,720
High Rent(110%) $1,837 $2,178 $2,805 $3,751 $4,092
2019 Sherman Oaks, CA 91423 Low Rent (90%) $1,359 $1,629 $2,106 $2,826 $3,105
Average Rent $1,510 $1,810 $2,340 $3,140 $3,450
High Rent (110%) $1,661 $1,991 $2,574 $3,454 $3,795


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