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

Simi Valley, CA 93063'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 93063 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 $1,701 to a high of $2,079, with an average of $1,890.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,989, a maximum of $2,431, and an average of $2,210.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,385, peaking at a maximum of $2,915, and averaging at $2,650.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,267, a maximum of $3,993, and an average of $3,630.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,825 to a maximum of $4,675, with an average of $4,250.

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 Simi Valley, CA 93063 Low Rent (90%) $1,701 $1,989 $2,385 $3,267 $3,825
Average Rent $1,890 $2,210 $2,650 $3,630 $4,250
High Rent(110%) $2,079 $2,431 $2,915 $3,993 $4,675
2024 Simi Valley, CA 93063 Low Rent (90%) $1,701 $1,989 $2,385 $3,267 $3,825
Average Rent $1,890 $2,210 $2,650 $3,630 $4,250
High Rent (110%) $2,079 $2,431 $2,915 $3,993 $4,675
2023 Simi Valley, CA 93063 Low Rent (90%) $1,692 $1,980 $2,403 $3,339 $3,924
Average Rent $1,880 $2,200 $2,670 $3,710 $4,360
High Rent(110%) $2,068 $2,420 $2,937 $4,081 $4,796
2022 Simi Valley, CA 93063 Low Rent (90%) $1,494 $1,782 $2,205 $3,087 $3,636
Average Rent $1,660 $1,980 $2,450 $3,430 $4,040
High Rent (110%) $1,826 $2,178 $2,695 $3,773 $4,444
2021 Simi Valley, CA 93063 Low Rent (90%) $1,260 $1,503 $1,908 $2,673 $3,168
Average Rent $1,400 $1,670 $2,120 $2,970 $3,520
High Rent(110%) $1,540 $1,837 $2,332 $3,267 $3,872
2020 Simi Valley, CA 93063 Low Rent (90%) $1,260 $1,494 $1,935 $2,700 $3,231
Average Rent $1,400 $1,660 $2,150 $3,000 $3,590
High Rent (110%) $1,540 $1,826 $2,365 $3,300 $3,949
2019 Simi Valley, CA 93063 Low Rent (90%) $1,152 $1,368 $1,800 $2,529 $3,024
Average Rent $1,280 $1,520 $2,000 $2,810 $3,360
High Rent(110%) $1,408 $1,672 $2,200 $3,091 $3,696


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