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Orange County/Costa Mesa/92627

92627

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

41Below average

095130300
BRFMR
Eff. Rent
0 BR$2,600$2,580
1 BR$2,630$2,690
2 BR$3,080$3,380
3 BR$4,180$4,600
4 BR$5,000$5,500
5 BR$5,750Not available
6 BR$6,612Not available
7 BR$7,604Not available
8 BR$8,745Not available

Purchase Price Calculator

Maximum purchase price
$440,350

Cost breakdown

+Likely effective rent$3,380
HUD FMR$3,080
Market rent$3,540
Est. payment standard (110%)Used$3,380
-Principal and interest-$2,227
Loan amount$352,280
Down payment$88,070
Rate6.50%
Term30 years
-Operating costs-$953
Property taxes-$440
Insurance-$175
Utilities$0
HOA$0
Management-$338
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,680(61.0% ROI)
Projected value
$474,209
Return breakdown
Property appreciation+$33,859
Loan principal paid down+$12,621
Rental cash flow+$7,200
5-year hold
+$92,373(104.9% ROI)
Projected value
$498,216
Return breakdown
Property appreciation+$57,866
Loan principal paid down+$22,507
Rental cash flow+$12,000
10-year hold
+$200,966(228.2% ROI)
Projected value
$563,685
Return breakdown
Property appreciation+$123,335
Loan principal paid down+$53,631
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.01
1 BR
0.97
2 BR
0.87
3 BR
0.87
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92627 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92627 (Costa Mesa, CA) is $3,080 a month. That is down 3.4% from $3,190 in FY 2026. Costa Mesa 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, 92627 has the 52nd-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92627 is 79% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92627
BedroomsFY 2027Change90–110% range
Studio$2,600−1.5%$2,340–$2,860
1BR$2,630−3.0%$2,367–$2,893
2BR$3,080−3.4%$2,772–$3,388
3BR$4,180−3.5%$3,762–$4,598
4BR$5,000−3.3%$4,500–$5,500

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92627
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,600$2,630$3,080$4,180$5,000
FY 2026$2,640$2,710$3,190$4,330$5,170
FY 2025$2,240$2,330$2,760$3,730$4,460
FY 2024$2,120$2,260$2,680$3,630$4,300
FY 2023$1,920$2,100$2,520$3,420$4,000

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92627
92617$2,920−5.2%
92618$4,340+40.9%
92619$3,060−0.6%
92620$4,080+32.5%
92623$3,060−0.6%
92624$3,570+15.9%
92625$4,290+39.3%
92626$3,440+11.7%
92627Current$3,080—
92628$3,060−0.6%
92629$3,720+20.8%
92630$3,450+12.0%

Questions about ZIP 92627 rents

How much will Section 8 pay for a two-bedroom in ZIP 92627?

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 $3,080 it would be $2,772 to $3,388. 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 92627 in?

ZIP 92627 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 92627 for FY 2027?

The two-bedroom FMR fell 3.4%, from $3,190 in FY 2026 to $3,080 in FY 2027. Since FY 2023 it has risen 22.2%.

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 rentCosta Mesa, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources