What HUD offices serve Rancho Palos Verdes, California?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near Rancho Palos Verdes.
How many renters live in Rancho Palos Verdes, California?
The City of Rancho Palos Verdes has people living in households.
There are renters living in renter households in this City. Renters make up 22.18 percent of the population living in Rancho Palos Verdes.
What is the rental market like in Rancho Palos Verdes, California?
There are an estimated housing units in the Rancho Palos Verdes area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Rancho Palos Verdes, California, there are 1.06 rental units.
What is the vacancy rate for rentals in Rancho Palos Verdes?
The rental vacancy rate in Rancho Palos Verdes is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Rancho Palos Verdes for each bedroom size?
Occupied Rental Units by Size in Rancho Palos Verdes
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 112 | 510 | 1,214 | 618 | 506 |
Occupied Rental Units by Size in Rancho Palos Verdes
A large number of apartments in Rancho Palos Verdes have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Rancho Palos Verdes
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,777 to $3,600. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,777 |
| One BR | $2,006 |
| Two BR | $2,544 |
| Three BR | $3,263 |
| Four BR | $3,600 |
2024 Fair Market Rents in Rancho Palos Verdes, California
How many units are rented at Fair Market Rent (FMR) in Rancho Palos Verdes?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 23 | 21 percent |
| One BR | 60 | 12 percent |
| Two BR | 64 | 5 percent |
Rental Units Below FMR in Rancho Palos Verdes, California
How many affordable rental units are in Rancho Palos Verdes?
There are a variety of federal affordable housing programs serving households in Rancho Palos Verdes, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Rancho Palos Verdes, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rancho Palos Verdes, California
Rancho Palos Verdes features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Rancho Palos Verdes, California
There are 34 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rancho Palos Verdes.
Housing Choice Vouchers in Rancho Palos Verdes, California
On average, Section 8 Housing Choice vouchers pay Rancho Palos Verdes landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rancho Palos Verdes.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rancho Palos Verdes, California for a two-bedroom apartment is between $2,290 and $2,798.
Sourced from federal housing data and AffordableHousingOnline.com research.