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Orange County/Irvine/92620

92620

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$3,440$2,240
1 BR$3,480$2,770
2 BR$4,080$3,760
3 BR$5,540$4,670
4 BR$6,620$5,830
5 BR$7,613Not available
6 BR$8,755Not available
7 BR$10,068Not available
8 BR$11,578Not available

Purchase Price Calculator

Maximum purchase price
$496,818

Cost breakdown

+Likely effective rent$3,760
HUD FMR$4,080
Market rentUsed$3,760
Est. payment standard (95%)$3,870
-Principal and interest-$2,512
Loan amount$397,454
Down payment$99,364
Rate6.50%
Term30 years
-Operating costs-$1,048
Property taxes-$497
Insurance-$175
Utilities$0
HOA$0
Management-$376
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,640(60.0% ROI)
Projected value
$535,019
Return breakdown
Property appreciation+$38,201
Loan principal paid down+$14,240
Rental cash flow+$7,200
5-year hold
+$102,679(103.3% ROI)
Projected value
$562,104
Return breakdown
Property appreciation+$65,286
Loan principal paid down+$25,393
Rental cash flow+$12,000
10-year hold
+$223,659(225.1% ROI)
Projected value
$635,969
Return breakdown
Property appreciation+$139,151
Loan principal paid down+$60,508
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.54
1 BR
1.26
2 BR
1.09
3 BR
1.19
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92620 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92620 (Irvine, CA) is $4,080 a month. That is down 5.3% from $4,310 in FY 2026. Irvine is in the Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area. 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 $3,057. Among 143 ZIP codes in Orange County, 92620 has the 9th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92620 is 137% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92620
BedroomsFY 2027Change90–110% range
Studio$3,440−3.6%$3,096–$3,784
1BR$3,480−4.9%$3,132–$3,828
2BR$4,080−5.3%$3,672–$4,488
3BR$5,540−5.3%$4,986–$6,094
4BR$6,620−5.3%$5,958–$7,282

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92620
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,440$3,480$4,080$5,540$6,620
FY 2026$3,570$3,660$4,310$5,850$6,990
FY 2025$3,120$3,250$3,850$5,210$6,220
FY 2024$2,870$3,060$3,630$4,920$5,830
FY 2023$2,480$2,700$3,250$4,410$5,160

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92620
92614$3,750−8.1%
92615$3,060−25.0%
92616$3,060−25.0%
92617$2,920−28.4%
92618$4,340+6.4%
92619$3,060−25.0%
92620Current$4,080—
92623$3,060−25.0%
92624$3,570−12.5%
92625$4,290+5.1%
92626$3,440−15.7%
92627$3,080−24.5%

Questions about ZIP 92620 rents

How much will Section 8 pay for a two-bedroom in ZIP 92620?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,057, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,751 to $3,363 a month; under the ZIP-level Small Area FMR of $4,080 it would be $3,672 to $4,488. 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 ZIP 92620 in?

ZIP 92620 is in the Santa Ana-Anaheim-Irvine, CA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,057.

How much did fair market rent change in ZIP 92620 for FY 2027?

The two-bedroom FMR fell 5.3%, from $4,310 in FY 2026 to $4,080 in FY 2027. Since FY 2023 it has risen 25.5%.

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

County fair market rentIrvine, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources