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

Palo Alto, CA 94301'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 94301 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 $2,394 to a high of $2,926, with an average of $2,660.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,709, a maximum of $3,311, and an average of $3,010.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,150, peaking at a maximum of $3,850, and averaging at $3,500.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $4,032, a maximum of $4,928, and an average of $4,480.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,446 to a maximum of $5,434, with an average of $4,940.

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 Palo Alto, CA 94301 Low Rent (90%) $2,394 $2,709 $3,150 $4,032 $4,446
Average Rent $2,660 $3,010 $3,500 $4,480 $4,940
High Rent(110%) $2,926 $3,311 $3,850 $4,928 $5,434
2023 Palo Alto, CA 94301 Low Rent (90%) $2,250 $2,547 $2,979 $3,798 $4,257
Average Rent $2,500 $2,830 $3,310 $4,220 $4,730
High Rent (110%) $2,750 $3,113 $3,641 $4,642 $5,203
2022 Palo Alto, CA 94301 Low Rent (90%) $2,268 $2,556 $3,033 $3,897 $4,455
Average Rent $2,520 $2,840 $3,370 $4,330 $4,950
High Rent(110%) $2,772 $3,124 $3,707 $4,763 $5,445
2021 Palo Alto, CA 94301 Low Rent (90%) $2,385 $2,736 $3,267 $4,266 $4,923
Average Rent $2,650 $3,040 $3,630 $4,740 $5,470
High Rent (110%) $2,915 $3,344 $3,993 $5,214 $6,017
2020 Palo Alto, CA 94301 Low Rent (90%) $2,304 $2,700 $3,258 $4,329 $4,968
Average Rent $2,560 $3,000 $3,620 $4,810 $5,520
High Rent(110%) $2,816 $3,300 $3,982 $5,291 $6,072
2019 Palo Alto, CA 94301 Low Rent (90%) $2,115 $2,511 $3,078 $4,149 $4,761
Average Rent $2,350 $2,790 $3,420 $4,610 $5,290
High Rent (110%) $2,585 $3,069 $3,762 $5,071 $5,819


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