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Orange County/Dana Point/92629

92629

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

34Below average

095130300
BRFMR
Eff. Rent
0 BR$3,140$3,220
1 BR$3,180$3,490
2 BR$3,720$3,910
3 BR$5,050$5,540
4 BR$6,040$6,640
5 BR$6,946Not available
6 BR$7,988Not available
7 BR$9,186Not available
8 BR$10,564Not available

Purchase Price Calculator

Maximum purchase price
$519,108

Cost breakdown

+Likely effective rent$3,910
HUD FMR$3,720
Market rent$4,010
Est. payment standard (105%)Used$3,910
-Principal and interest-$2,625
Loan amount$415,286
Down payment$103,822
Rate6.50%
Term30 years
-Operating costs-$1,085
Property taxes-$519
Insurance-$175
Utilities$0
HOA$0
Management-$391
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,993(59.7% ROI)
Projected value
$559,022
Return breakdown
Property appreciation+$39,915
Loan principal paid down+$14,879
Rental cash flow+$7,200
5-year hold
+$106,748(102.8% ROI)
Projected value
$587,323
Return breakdown
Property appreciation+$68,215
Loan principal paid down+$26,533
Rental cash flow+$12,000
10-year hold
+$232,617(224.1% ROI)
Projected value
$664,502
Return breakdown
Property appreciation+$145,394
Loan principal paid down+$63,223
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.87
2 BR
0.93
3 BR
0.87
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92629 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92629 (Dana Point, CA) is $3,720 a month. That is down 2.1% from $3,800 in FY 2026. Dana Point 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, 92629 is tied for the 18th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92629 is 116% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92629
BedroomsFY 2027Change90–110% range
Studio$3,140−0.3%$2,826–$3,454
1BR$3,180−1.2%$2,862–$3,498
2BR$3,720−2.1%$3,348–$4,092
3BR$5,050−2.1%$4,545–$5,555
4BR$6,040−1.9%$5,436–$6,644

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92629
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,140$3,180$3,720$5,050$6,040
FY 2026$3,150$3,220$3,800$5,160$6,160
FY 2025$2,700$2,820$3,330$4,510$5,380
FY 2024$2,470$2,630$3,120$4,220$5,010
FY 2023$2,150$2,350$2,820$3,830$4,480

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92629
92618$4,340+16.7%
92619$3,060−17.7%
92620$4,080+9.7%
92623$3,060−17.7%
92624$3,570−4.0%
92625$4,290+15.3%
92626$3,440−7.5%
92627$3,080−17.2%
92628$3,060−17.7%
92629Current$3,720—
92630$3,450−7.3%
92637$2,920−21.5%

Questions about ZIP 92629 rents

How much will Section 8 pay for a two-bedroom in ZIP 92629?

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 $3,720 it would be $3,348 to $4,092. 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 92629 in?

ZIP 92629 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 92629 for FY 2027?

The two-bedroom FMR fell 2.1%, from $3,800 in FY 2026 to $3,720 in FY 2027. Since FY 2023 it has risen 31.9%.

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 rentDana Point, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources