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

Pacific Grove, CA 93950'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 93950 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 $2,754 to a high of $3,366, with an average of $3,060.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,790, a maximum of $3,410, and an average of $3,100.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,393, peaking at a maximum of $4,147, and averaging at $3,770.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,707, a maximum of $5,753, and an average of $5,230.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $5,184 to a maximum of $6,336, with an average of $5,760.

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 Pacific Grove, CA 93950 Low Rent (90%) $2,754 $2,790 $3,393 $4,707 $5,184
Average Rent $3,060 $3,100 $3,770 $5,230 $5,760
High Rent(110%) $3,366 $3,410 $4,147 $5,753 $6,336
2023 Pacific Grove, CA 93950 Low Rent (90%) $2,601 $2,700 $3,294 $4,671 $5,103
Average Rent $2,890 $3,000 $3,660 $5,190 $5,670
High Rent (110%) $3,179 $3,300 $4,026 $5,709 $6,237
2022 Pacific Grove, CA 93950 Low Rent (90%) $1,827 $1,926 $2,340 $3,321 $3,663
Average Rent $2,030 $2,140 $2,600 $3,690 $4,070
High Rent(110%) $2,233 $2,354 $2,860 $4,059 $4,477
2021 Pacific Grove, CA 93950 Low Rent (90%) $1,584 $1,719 $2,106 $3,015 $3,303
Average Rent $1,760 $1,910 $2,340 $3,350 $3,670
High Rent (110%) $1,936 $2,101 $2,574 $3,685 $4,037
2020 Pacific Grove, CA 93950 Low Rent (90%) $1,557 $1,710 $2,115 $3,042 $3,312
Average Rent $1,730 $1,900 $2,350 $3,380 $3,680
High Rent(110%) $1,903 $2,090 $2,585 $3,718 $4,048
2019 Pacific Grove, CA 93950 Low Rent (90%) $1,269 $1,440 $1,791 $2,583 $2,763
Average Rent $1,410 $1,600 $1,990 $2,870 $3,070
High Rent (110%) $1,551 $1,760 $2,189 $3,157 $3,377


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