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

Somerset, CA 95684'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 95684 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 $1,224 to a high of $1,496, with an average of $1,360.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,323, a maximum of $1,617, and an average of $1,470.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,647, peaking at a maximum of $2,013, and averaging at $1,830.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $2,295, a maximum of $2,805, and an average of $2,550.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,637 to a maximum of $3,223, with an average of $2,930.

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 Somerset, CA 95684 Low Rent (90%) $1,224 $1,323 $1,647 $2,295 $2,637
Average Rent $1,360 $1,470 $1,830 $2,550 $2,930
High Rent(110%) $1,496 $1,617 $2,013 $2,805 $3,223
2023 Somerset, CA 95684 Low Rent (90%) $1,215 $1,323 $1,665 $2,367 $2,754
Average Rent $1,350 $1,470 $1,850 $2,630 $3,060
High Rent (110%) $1,485 $1,617 $2,035 $2,893 $3,366
2022 Somerset, CA 95684 Low Rent (90%) $1,080 $1,197 $1,503 $2,133 $2,556
Average Rent $1,200 $1,330 $1,670 $2,370 $2,840
High Rent(110%) $1,320 $1,463 $1,837 $2,607 $3,124
2021 Somerset, CA 95684 Low Rent (90%) $1,080 $1,215 $1,530 $2,187 $2,646
Average Rent $1,200 $1,350 $1,700 $2,430 $2,940
High Rent (110%) $1,320 $1,485 $1,870 $2,673 $3,234
2020 Somerset, CA 95684 Low Rent (90%) $918 $1,035 $1,305 $1,881 $2,295
Average Rent $1,020 $1,150 $1,450 $2,090 $2,550
High Rent(110%) $1,122 $1,265 $1,595 $2,299 $2,805
2019 Somerset, CA 95684 Low Rent (90%) $783 $891 $1,125 $1,629 $1,980
Average Rent $870 $990 $1,250 $1,810 $2,200
High Rent (110%) $957 $1,089 $1,375 $1,991 $2,420


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