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Orange County/Newport Coast/92657

92657

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

21Below average

095130300
BRFMR
Eff. Rent
0 BR$3,470$3,820
1 BR$3,540$3,770
2 BR$4,170$4,590
3 BR$5,660$6,230
4 BR$6,760$7,440
5 BR$7,774Not available
6 BR$8,940Not available
7 BR$10,281Not available
8 BR$11,823Not available

Purchase Price Calculator

Maximum purchase price
$620,156

Cost breakdown

+Likely effective rent$4,590
HUD FMR$4,170
Market rent$5,160
Est. payment standard (110%)Used$4,590
-Principal and interest-$3,136
Loan amount$496,125
Down payment$124,031
Rate6.50%
Term30 years
-Operating costs-$1,254
Property taxes-$620
Insurance-$175
Utilities$0
HOA$0
Management-$459
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$72,659(58.6% ROI)
Projected value
$667,840
Return breakdown
Property appreciation+$47,684
Loan principal paid down+$17,775
Rental cash flow+$7,200
5-year hold
+$125,191(100.9% ROI)
Projected value
$701,649
Return breakdown
Property appreciation+$81,494
Loan principal paid down+$31,698
Rental cash flow+$12,000
10-year hold
+$273,225(220.3% ROI)
Projected value
$793,852
Return breakdown
Property appreciation+$173,696
Loan principal paid down+$75,529
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.91
2 BR
0.81
3 BR
0.72
4 BR
0.68
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92657 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92657 (Newport Coast, CA) is $4,170 a month. That is down 9.9% from $4,630 in FY 2026. Newport Coast 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, 92657 has the 7th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92657 is 142% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92657
BedroomsFY 2027Change90–110% range
Studio$3,470−9.6%$3,123–$3,817
1BR$3,540−9.9%$3,186–$3,894
2BR$4,170−9.9%$3,753–$4,587
3BR$5,660−9.9%$5,094–$6,226
4BR$6,760−10.0%$6,084–$7,436

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92657
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,470$3,540$4,170$5,660$6,760
FY 2026$3,840$3,930$4,630$6,280$7,510
FY 2025$3,310$3,450$4,080$5,520$6,600
FY 2024$3,050$3,250$3,860$5,230$6,200
FY 2023$2,710$2,950$3,550$4,820$5,640

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92657
92651$3,750−10.1%
92652$3,060−26.6%
92653$3,370−19.2%
92654$3,060−26.6%
92655$2,920−30.0%
92656$3,750−10.1%
92657Current$4,170—
92658$3,060−26.6%
92659$3,060−26.6%
92660$4,590+10.1%
92661$3,590−13.9%
92662$3,400−18.5%

Questions about ZIP 92657 rents

How much will Section 8 pay for a two-bedroom in ZIP 92657?

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 $4,170 it would be $3,753 to $4,587. 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 92657 in?

ZIP 92657 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 92657 for FY 2027?

The two-bedroom FMR fell 9.9%, from $4,630 in FY 2026 to $4,170 in FY 2027. Since FY 2023 it has risen 17.5%.

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 rentNewport Coast, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources