CA/Monterey County/CARMEL VALLEY
CARMEL VALLEY, CA
CitySAFMR
Monterey County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$2,400$2,400
1 BR$2,460$2,460
2 BR$2,970$2,970
3 BR$4,000$3,690
4 BR$4,350$4,350
5 BR$5,003
6 BR$5,753
7 BR$6,616
8 BR$7,608

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 93924
0.78ratio
FMR$2,400
Market$3,070
vs market-$670

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.78
1 BR
1 BR· 93924
0.79ratio
FMR$2,460
Market$3,110
vs market-$650

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.79
2 BR
2 BR· 93924
0.88ratio
FMR$2,970
Market$3,390
vs market-$420

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
3 BR
3 BR· 93924
1.08ratio
FMR$4,000
Market$3,690
vs market+$310

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.08
4 BR
4 BR· 93924
0.95ratio
FMR$4,350
Market$4,580
vs market-$230

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$379,424
Rent
$2,970
Down payment
$75,885
Loan
$303,539
Mortgage
$1,919
Expenses
$851
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for CARMEL VALLEY, 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.

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