What HUD offices serve Simi Valley, 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 Simi Valley.
How many renters live in Simi Valley, California?
The City of Simi Valley has people living in households.
There are renters living in renter households in this City. Renters make up 26.29 percent of the population living in Simi Valley.
What is the rental market like in Simi Valley, California?
There are an estimated housing units in the Simi Valley area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Simi Valley, California, there are 1.08 rental units.
What is the vacancy rate for rentals in Simi Valley?
The rental vacancy rate in Simi Valley is 2 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 Simi Valley for each bedroom size?
Occupied Rental Units by Size in Simi Valley
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms 313 2,814 4,055 3,074 1,379 Occupied Rental Units by Size in Simi Valley
A large number of apartments in Simi Valley 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 Simi Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,725 to $3,867. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size 2024 Fair Market Rents Studio $1,725 One BR $2,011 Two BR $2,414 Three BR $3,310 Four BR $3,867 2024 Fair Market Rents in Simi Valley, California
How many units are rented at Fair Market Rent (FMR) in Simi Valley?
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 107 34 percent One BR 865 31 percent Two BR 386 10 percent Rental Units Below FMR in Simi Valley, California
How many affordable rental units are in Simi Valley?
There are a variety of federal affordable housing programs serving households in
Simi Valley, California including the following: Rental units may be funded in part by multiple federal programs.Federal Program Unit Count Low Income Housing Tax Credit Section 202 Supportive Housing for the Elderly Section 811 Supportive Housing for Persons with Disabilities Tracked Units by Federal Program in Simi Valley, California
Income Based Apartments in Simi Valley, California
Simi Valley features 74 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 Simi Valley, California
There are 898 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Simi Valley.
Housing Choice Vouchers in Simi Valley, California
On average, Section 8 Housing Choice vouchers pay Simi Valley landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Simi Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Simi Valley, California for a two-bedroom apartment is between $2,173 and $2,655.
Sourced from federal housing data and AffordableHousingOnline.com research.