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CA/Santa Cruz County/Mount Hermon

Mount Hermon, CA

CitySAFMR
Santa Cruz County
Found 1 ZIP

City Median Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$3,070$2,210
1 BR$3,190$2,680
2 BR$4,070$3,300
3 BR$5,200$4,420
4 BR$5,470$5,800
5 BR$6,290Not available
6 BR$7,234Not available
7 BR$8,319Not available
8 BR$9,567Not available

Purchase Price Calculator

Maximum purchase price
$428,462

Cost breakdown

+Likely effective rent$3,300
HUD FMR$4,070
Market rentUsed$3,300
Est. payment standard (90%)$3,660
-Principal and interest-$2,167
Loan amount$342,770
Down payment$85,692
Rate6.50%
Term30 years
-Operating costs-$933
Property taxes-$428
Insurance-$175
Utilities$0
HOA$0
Management-$330
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,425(61.2% ROI)
Projected value
$461,407
Return breakdown
Property appreciation+$32,945
Loan principal paid down+$12,281
Rental cash flow+$7,200
5-year hold
+$90,203(105.3% ROI)
Projected value
$484,766
Return breakdown
Property appreciation+$56,303
Loan principal paid down+$21,900
Rental cash flow+$12,000
10-year hold
+$196,188(228.9% ROI)
Projected value
$548,468
Return breakdown
Property appreciation+$120,006
Loan principal paid down+$52,183
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.39
1 BR
1.19
2 BR
1.23
3 BR
1.18
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Mount Hermon, CA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mount Hermon, CA is $4,070 a month. That is down 10.0% from $4,520 in FY 2026. Mount Hermon 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 Mount Hermon is 136% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mount Hermon, CA
BedroomsFY 2027Change90–110% range
Studio$3,070−10.0%$2,763–$3,377
1BR$3,190−9.9%$2,871–$3,509
2BR$4,070−10.0%$3,663–$4,477
3BR$5,200−9.9%$4,680–$5,720
4BR$5,470−9.9%$4,923–$6,017

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mount Hermon, CA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,070$3,190$4,070$5,200$5,470
FY 2026$3,410$3,540$4,520$5,770$6,070
FY 2025$3,310$3,490$4,570$5,690$6,070
FY 2024$3,040$3,290$4,320$5,330$5,870
FY 2023$2,230$2,520$3,320$4,110$4,610

Questions about Mount Hermon, CA rents

How much will Section 8 pay for a two-bedroom in Mount Hermon, 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 $4,070 it would be $3,663 to $4,477. 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 Mount Hermon, CA in?

Mount Hermon, 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 Mount Hermon, CA for FY 2027?

The two-bedroom FMR fell 10.0%, from $4,520 in FY 2026 to $4,070 in FY 2027. Since FY 2023 it has risen 22.6%.

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