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

Los Gatos, CA 95032'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 95032 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 $2,295 to a high of $2,805, with an average of $2,550.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,592, a maximum of $3,168, and an average of $2,880.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $3,015, peaking at a maximum of $3,685, and averaging at $3,350.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,861, a maximum of $4,719, and an average of $4,290.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $4,257 to a maximum of $5,203, with an average of $4,730.

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 Los Gatos, CA 95032 Low Rent (90%) $2,295 $2,592 $3,015 $3,861 $4,257
Average Rent $2,550 $2,880 $3,350 $4,290 $4,730
High Rent(110%) $2,805 $3,168 $3,685 $4,719 $5,203
2023 Los Gatos, CA 95032 Low Rent (90%) $2,106 $2,385 $2,790 $3,555 $3,987
Average Rent $2,340 $2,650 $3,100 $3,950 $4,430
High Rent (110%) $2,574 $2,915 $3,410 $4,345 $4,873
2022 Los Gatos, CA 95032 Low Rent (90%) $2,043 $2,295 $2,727 $3,510 $4,005
Average Rent $2,270 $2,550 $3,030 $3,900 $4,450
High Rent(110%) $2,497 $2,805 $3,333 $4,290 $4,895
2021 Los Gatos, CA 95032 Low Rent (90%) $2,115 $2,430 $2,898 $3,780 $4,365
Average Rent $2,350 $2,700 $3,220 $4,200 $4,850
High Rent (110%) $2,585 $2,970 $3,542 $4,620 $5,335
2020 Los Gatos, CA 95032 Low Rent (90%) $2,016 $2,349 $2,844 $3,780 $4,329
Average Rent $2,240 $2,610 $3,160 $4,200 $4,810
High Rent(110%) $2,464 $2,871 $3,476 $4,620 $5,291
2019 Los Gatos, CA 95032 Low Rent (90%) $1,872 $2,214 $2,718 $3,663 $4,203
Average Rent $2,080 $2,460 $3,020 $4,070 $4,670
High Rent (110%) $2,288 $2,706 $3,322 $4,477 $5,137


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