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Empire, CA

CitySAFMR
Stanislaus County
Found 1 ZIP

City Median Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,240
1 BR$1,230$1,350
2 BR$1,590$1,750
3 BR$2,200$2,280
4 BR$2,550$2,670
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMR$1,590
Market rent$1,900
Est. payment standard (110%)Used$1,750
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.65
1 BR
0.71
2 BR
0.84
3 BR
0.94
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Empire, CA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Empire, CA is $1,590 a month. That is up 12.8% from $1,410 in FY 2026. Empire is in the Modesto, 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 $1,803. The median county two-bedroom FMR in California is $1,725, so Empire is 8% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Empire, CA
BedroomsFY 2027Change90–110% range
Studio$1,130+10.8%$1,017–$1,243
1BR$1,230+12.8%$1,107–$1,353
2BR$1,590+12.8%$1,431–$1,749
3BR$2,200+11.1%$1,980–$2,420
4BR$2,550+10.9%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Empire, CA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,230$1,590$2,200$2,550
FY 2026$1,020$1,090$1,410$1,980$2,300
FY 2025$1,030$1,070$1,380$1,940$2,290
FY 2024$940$970$1,230$1,740$2,040
FY 2023$850$910$1,130$1,590$1,860

Questions about Empire, CA rents

How much will Section 8 pay for a two-bedroom in Empire, CA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,803, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,623 to $1,983 a month; under the ZIP-level Small Area FMR of $1,590 it would be $1,431 to $1,749. 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 Empire, CA in?

Empire, CA is in the Modesto, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,803.

How much did fair market rent change in Empire, CA for FY 2027?

The two-bedroom FMR rose 12.8%, from $1,410 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 40.7%.

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