FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 95006
1.07ratio
FMR$3,170
Market$2,950
vs market+$220
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 95006
1.20ratio
FMR$3,980
Market$3,310
vs market+$670
FMR is above market; underwrite to market rent.
1.20
3 BR
3 BR- 95006
1.37ratio
FMR$5,180
Market$3,770
vs market+$1,410
FMR is above market; underwrite to market rent.
1.37
4 BR
4 BR- 95006
1.31ratio
FMR$5,380
Market$4,100
vs market+$1,280
FMR is above market; underwrite to market rent.
1.31
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Boulder Creek, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Boulder Creek, CA is $3,980 a month. That is down 6.1% from $4,240 in FY 2026. Boulder Creek is in the Santa Cruz-Watsonville, CA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $4,254. The median county two-bedroom FMR in California is $1,725, so Boulder Creek is 131% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Boulder Creek, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$3,200
$3,020
−5.6%
$2,718–$3,322
1BR
$3,320
$3,170
−4.5%
$2,853–$3,487
2BR
$4,240
$3,980
−6.1%
$3,582–$4,378
3BR
$5,410
$5,180
−4.3%
$4,662–$5,698
4BR
$5,690
$5,380
−5.4%
$4,842–$5,918
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Boulder Creek, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$3,020
$3,170
$3,980
$5,180
$5,380
FY 2026
$3,200
$3,320
$4,240
$5,410
$5,690
FY 2025
$3,180
$3,360
$4,400
$5,480
$5,840
FY 2024
$2,830
$3,070
$4,030
$4,970
$5,470
FY 2023
$2,120
$2,400
$3,160
$3,910
$4,380
Questions about Boulder Creek, CA rents
How much will Section 8 pay for a two-bedroom in Boulder Creek, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $4,254, which applies unless the housing authority uses Small Area FMRs, that basic range is $3,829 to $4,679 a month; under the ZIP-level Small Area FMR of $3,980 it would be $3,582 to $4,378. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Boulder Creek, CA in?
Boulder Creek, CA is in the Santa Cruz-Watsonville, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $4,254.
How much did fair market rent change in Boulder Creek, CA for FY 2027?
The two-bedroom FMR fell 6.1%, from $4,240 in FY 2026 to $3,980 in FY 2027. Since FY 2023 it has risen 25.9%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set