FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 95046
0.99ratio
FMR$2,380
Market$2,410
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 95046
0.93ratio
FMR$2,800
Market$3,000
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 95046
0.95ratio
FMR$3,760
Market$3,960
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 95046
0.92ratio
FMR$4,010
Market$4,380
vs market-$370
FMR is near market; voucher and private rents are aligned.
0.92
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
San Martin, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in San Martin, CA is $2,800 a month. That is down 1.1% from $2,830 in FY 2026. San Martin is in the San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in California is $1,725, so San Martin is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for San Martin, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,130
$2,100
−1.4%
$1,890–$2,310
1BR
$2,420
$2,380
−1.7%
$2,142–$2,618
2BR
$2,830
$2,800
−1.1%
$2,520–$3,080
3BR
$3,740
$3,760
+0.5%
$3,384–$4,136
4BR
$4,070
$4,010
−1.5%
$3,609–$4,411
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for San Martin, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,100
$2,380
$2,800
$3,760
$4,010
FY 2026
$2,130
$2,420
$2,830
$3,740
$4,070
FY 2025
$2,150
$2,430
$2,820
$3,610
$3,990
FY 2024
$2,010
$2,270
$2,650
$3,380
$3,790
FY 2023
$1,940
$2,180
$2,590
$3,320
$3,800
Questions about San Martin, CA rents
How much will Section 8 pay for a two-bedroom in San Martin, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,800, that basic range is $2,520 to $3,080 a month. 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 San Martin, CA in?
San Martin, CA is in the San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in San Martin, CA for FY 2027?
The two-bedroom FMR fell 1.1%, from $2,830 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 8.1%.
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