CA/Monterey County/CARMEL BY THE SEA
CARMEL BY THE SEA, CA
CitySAFMR
Monterey County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$3,070$2,610
1 BR$3,210$2,820
2 BR$3,790$4,080
3 BR$4,980$5,160
4 BR$5,430$5,970
5 BR$6,244
6 BR$7,181
7 BR$8,258
8 BR$9,497

Purchase Price Calculator

Maximum purchase price
$544,370

Cost breakdown

+Likely effective rent$4,080
HUD FMR$3,790
Market rent$4,230
Est. payment standard (108%)Used$4,080
Estimated payment standard is $4,080 (108% of FMR).
-Principal and interest-$2,753
Loan amount$435,496
Down payment$108,874
Rate6.50%
Term30 years
-Operating costs-$1,127
Property taxes-$544
Insurance-$175
Utilities$0
HOA$0
Management-$408
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,660(59.4% ROI)
Projected value
$586,227
Current value$544,370
Return breakdown
Property appreciation+$41,857
Loan principal paid down+$15,603
Rental cash flow+$7,200
5-year hold
+$111,359(102.3% ROI)
Projected value
$615,905
Current value$544,370
Return breakdown
Property appreciation+$71,535
Loan principal paid down+$27,824
Rental cash flow+$12,000
10-year hold
+$242,769(223.0% ROI)
Projected value
$696,839
Current value$544,370
Return breakdown
Property appreciation+$152,470
Loan principal paid down+$66,299
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 93921
1.18ratio
FMR$3,070
Market$2,610
vs market+$460

FMR is above market; underwrite to market rent.

90% standard$2,763 / 1.06 ratio110% standard$3,377 / 1.29 ratio
1.18
1 BR
1 BR- 93921
1.14ratio
FMR$3,210
Market$2,820
vs market+$390

FMR is above market; underwrite to market rent.

90% standard$2,889 / 1.02 ratio110% standard$3,531 / 1.25 ratio
1.14
2 BR
2 BR- 93921
0.90ratio
FMR$3,790
Market$4,230
vs market-$440

FMR is below market; voucher rent may lag private rents.

90% standard$3,411 / 0.81 ratio110% standard$4,169 / 0.99 ratio
0.90
3 BR
3 BR- 93921
0.95ratio
FMR$4,980
Market$5,250
vs market-$270

FMR is near market; voucher and private rents are aligned.

90% standard$4,482 / 0.85 ratio110% standard$5,478 / 1.04 ratio
0.95
4 BR
4 BR- 93921
0.86ratio
FMR$5,430
Market$6,280
vs market-$850

FMR is below market; voucher rent may lag private rents.

90% standard$4,887 / 0.78 ratio110% standard$5,973 / 0.95 ratio
0.86
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for CARMEL BY THE SEA, CA (CA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

Related ZIPs

CARMEL BY THE SEA, CA fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for CARMEL BY THE SEA, CA shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,790 and the 4 bedroom fair market rent is $5,430.

Use this page for searches like CARMEL BY THE SEA, CA FMR, CARMEL BY THE SEA, CA fair market rent, and CARMEL BY THE SEA, CA Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for CARMEL BY THE SEA, CA
Bedroom sizeHUD FMR
Studio$3,070
1 bedroom$3,210
2 bedroom$3,790
3 bedroom$4,980
4 bedroom$5,430