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Farmington, CA

CitySAFMR
San Joaquin County
Found 1 ZIP

City Median Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,600
1 BR$1,730$1,730
2 BR$2,190$2,190
3 BR$3,050$3,050
4 BR$3,600$3,600
5 BR$4,140Not available
6 BR$4,761Not available
7 BR$5,475Not available
8 BR$6,296Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMRUsed$2,190
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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Farmington, CA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Farmington, CA is $2,190 a month. That is down 9.9% from $2,430 in FY 2026. Farmington is in the Stockton-Lodi, 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 $2,015. The median county two-bedroom FMR in California is $1,725, so Farmington is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Farmington, CA
BedroomsFY 2027Change90–110% range
Studio$1,600−9.6%$1,440–$1,760
1BR$1,730−9.9%$1,557–$1,903
2BR$2,190−9.9%$1,971–$2,409
3BR$3,050−9.8%$2,745–$3,355
4BR$3,600−10.0%$3,240–$3,960

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Farmington, CA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,730$2,190$3,050$3,600
FY 2026$1,770$1,920$2,430$3,380$4,000
FY 2025$1,800$1,960$2,500$3,500$4,170
FY 2024$1,690$1,850$2,380$3,350$4,020
FY 2023$1,050$1,130$1,460$2,070$2,460

Questions about Farmington, CA rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,015, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,814 to $2,217 a month; under the ZIP-level Small Area FMR of $2,190 it would be $1,971 to $2,409. 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 Farmington, CA in?

Farmington, CA is in the Stockton-Lodi, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,015.

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

The two-bedroom FMR fell 9.9%, from $2,430 in FY 2026 to $2,190 in FY 2027. Since FY 2023 it has risen 50.0%.

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