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

Penryn, CA 95663'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 95663 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 $1,557 to a high of $1,903, with an average of $1,730.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,674, a maximum of $2,046, and an average of $1,860.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $2,088, peaking at a maximum of $2,552, and averaging at $2,320.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,907, a maximum of $3,553, and an average of $3,230.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $3,348 to a maximum of $4,092, with an average of $3,720.

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 Penryn, CA 95663 Low Rent (90%) $1,557 $1,674 $2,088 $2,907 $3,348
Average Rent $1,730 $1,860 $2,320 $3,230 $3,720
High Rent(110%) $1,903 $2,046 $2,552 $3,553 $4,092
2023 Penryn, CA 95663 Low Rent (90%) $1,449 $1,584 $1,989 $2,826 $3,294
Average Rent $1,610 $1,760 $2,210 $3,140 $3,660
High Rent (110%) $1,771 $1,936 $2,431 $3,454 $4,026
2022 Penryn, CA 95663 Low Rent (90%) $1,359 $1,512 $1,899 $2,700 $3,231
Average Rent $1,510 $1,680 $2,110 $3,000 $3,590
High Rent(110%) $1,661 $1,848 $2,321 $3,300 $3,949
2021 Penryn, CA 95663 Low Rent (90%) $1,413 $1,584 $1,989 $2,844 $3,447
Average Rent $1,570 $1,760 $2,210 $3,160 $3,830
High Rent (110%) $1,727 $1,936 $2,431 $3,476 $4,213
2020 Penryn, CA 95663 Low Rent (90%) $1,287 $1,440 $1,818 $2,619 $3,195
Average Rent $1,430 $1,600 $2,020 $2,910 $3,550
High Rent(110%) $1,573 $1,760 $2,222 $3,201 $3,905
2019 Penryn, CA 95663 Low Rent (90%) $1,152 $1,305 $1,647 $2,385 $2,889
Average Rent $1,280 $1,450 $1,830 $2,650 $3,210
High Rent (110%) $1,408 $1,595 $2,013 $2,915 $3,531


Discover Section 8 FMR by zip code