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

San Simeon, CA 93452'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 93452 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 $1,134 to a high of $1,386, with an average of $1,260.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,269, a maximum of $1,551, and an average of $1,410.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,665, peaking at a maximum of $2,035, and averaging at $1,850.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,304, a maximum of $2,816, and an average of $2,560.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,556 to a maximum of $3,124, with an average of $2,840.

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 San Simeon, CA 93452 Low Rent (90%) $1,134 $1,269 $1,665 $2,304 $2,556
Average Rent $1,260 $1,410 $1,850 $2,560 $2,840
High Rent(110%) $1,386 $1,551 $2,035 $2,816 $3,124
2023 San Simeon, CA 93452 Low Rent (90%) $1,062 $1,170 $1,539 $2,178 $2,475
Average Rent $1,180 $1,300 $1,710 $2,420 $2,750
High Rent (110%) $1,298 $1,430 $1,881 $2,662 $3,025
2022 San Simeon, CA 93452 Low Rent (90%) $945 $1,026 $1,350 $1,935 $2,331
Average Rent $1,050 $1,140 $1,500 $2,150 $2,590
High Rent(110%) $1,155 $1,254 $1,650 $2,365 $2,849
2021 San Simeon, CA 93452 Low Rent (90%) $936 $1,035 $1,350 $1,944 $2,358
Average Rent $1,040 $1,150 $1,500 $2,160 $2,620
High Rent (110%) $1,144 $1,265 $1,650 $2,376 $2,882
2020 San Simeon, CA 93452 Low Rent (90%) $864 $972 $1,251 $1,809 $2,196
Average Rent $960 $1,080 $1,390 $2,010 $2,440
High Rent(110%) $1,056 $1,188 $1,529 $2,211 $2,684
2019 San Simeon, CA 93452 Low Rent (90%) $792 $900 $1,161 $1,683 $2,043
Average Rent $880 $1,000 $1,290 $1,870 $2,270
High Rent (110%) $968 $1,100 $1,419 $2,057 $2,497


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