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

Redwood City, CA 94061'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 94061 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 $2,187 to a high of $2,673, with an average of $2,430.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,691, a maximum of $3,289, and an average of $2,990.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,204, peaking at a maximum of $3,916, and averaging at $3,560.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,924, a maximum of $4,796, and an average of $4,360.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,266 to a maximum of $5,214, with an average of $4,740.

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 Redwood City, CA 94061 Low Rent (90%) $2,187 $2,691 $3,204 $3,924 $4,266
Average Rent $2,430 $2,990 $3,560 $4,360 $4,740
High Rent(110%) $2,673 $3,289 $3,916 $4,796 $5,214
2023 Redwood City, CA 94061 Low Rent (90%) $2,106 $2,601 $3,114 $3,825 $4,185
Average Rent $2,340 $2,890 $3,460 $4,250 $4,650
High Rent (110%) $2,574 $3,179 $3,806 $4,675 $5,115
2022 Redwood City, CA 94061 Low Rent (90%) $1,971 $2,448 $2,961 $3,807 $4,140
Average Rent $2,190 $2,720 $3,290 $4,230 $4,600
High Rent(110%) $2,409 $2,992 $3,619 $4,653 $5,060
2021 Redwood City, CA 94061 Low Rent (90%) $2,169 $2,700 $3,285 $4,221 $4,599
Average Rent $2,410 $3,000 $3,650 $4,690 $5,110
High Rent (110%) $2,651 $3,300 $4,015 $5,159 $5,621
2020 Redwood City, CA 94061 Low Rent (90%) $2,016 $2,502 $3,069 $4,014 $4,284
Average Rent $2,240 $2,780 $3,410 $4,460 $4,760
High Rent(110%) $2,464 $3,058 $3,751 $4,906 $5,236
2019 Redwood City, CA 94061 Low Rent (90%) $1,917 $2,367 $2,934 $3,843 $4,068
Average Rent $2,130 $2,630 $3,260 $4,270 $4,520
High Rent (110%) $2,343 $2,893 $3,586 $4,697 $4,972


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