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

Santa Clara, CA 95050'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 95050 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 $1,935 to a high of $2,365, with an average of $2,150.
One-bedroom: One-bedroom rental prices vary, with a minimum of $2,187, a maximum of $2,673, and an average of $2,430.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,547, peaking at a maximum of $3,113, and averaging at $2,830.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $3,258, a maximum of $3,982, and an average of $3,620.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,600 to a maximum of $4,400, with an average of $4,000.

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 Santa Clara, CA 95050 Low Rent (90%) $1,935 $2,187 $2,547 $3,258 $3,600
Average Rent $2,150 $2,430 $2,830 $3,620 $4,000
High Rent(110%) $2,365 $2,673 $3,113 $3,982 $4,400
2023 Santa Clara, CA 95050 Low Rent (90%) $1,800 $2,034 $2,385 $3,042 $3,420
Average Rent $2,000 $2,260 $2,650 $3,380 $3,800
High Rent (110%) $2,200 $2,486 $2,915 $3,718 $4,180
2022 Santa Clara, CA 95050 Low Rent (90%) $1,809 $2,079 $2,475 $3,231 $3,726
Average Rent $2,010 $2,310 $2,750 $3,590 $4,140
High Rent(110%) $2,211 $2,541 $3,025 $3,949 $4,554
2021 Santa Clara, CA 95050 Low Rent (90%) $1,800 $2,070 $2,466 $3,222 $3,717
Average Rent $2,000 $2,300 $2,740 $3,580 $4,130
High Rent (110%) $2,200 $2,530 $3,014 $3,938 $4,543
2020 Santa Clara, CA 95050 Low Rent (90%) $1,755 $2,052 $2,484 $3,294 $3,789
Average Rent $1,950 $2,280 $2,760 $3,660 $4,210
High Rent(110%) $2,145 $2,508 $3,036 $4,026 $4,631
2019 Santa Clara, CA 95050 Low Rent (90%) $1,674 $1,980 $2,430 $3,276 $3,762
Average Rent $1,860 $2,200 $2,700 $3,640 $4,180
High Rent (110%) $2,046 $2,420 $2,970 $4,004 $4,598


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