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Orange County/Newport Beach/92662

92662

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

10Below average

095130300
BRFMR
Eff. Rent
0 BR$2,870$3,160
1 BR$2,900$3,190
2 BR$3,400$3,740
3 BR$4,620$5,080
4 BR$5,520$6,070
5 BR$6,348Not available
6 BR$7,300Not available
7 BR$8,395Not available
8 BR$9,655Not available

Purchase Price Calculator

Maximum purchase price
$493,846

Cost breakdown

+Likely effective rent$3,740
HUD FMR$3,400
Market rent$5,700
Est. payment standard (110%)Used$3,740
-Principal and interest-$2,497
Loan amount$395,077
Down payment$98,769
Rate6.50%
Term30 years
-Operating costs-$1,043
Property taxes-$494
Insurance-$175
Utilities$0
HOA$0
Management-$374
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,327(60.1% ROI)
Projected value
$531,818
Return breakdown
Property appreciation+$37,972
Loan principal paid down+$14,155
Rental cash flow+$7,200
5-year hold
+$102,137(103.4% ROI)
Projected value
$558,741
Return breakdown
Property appreciation+$64,895
Loan principal paid down+$25,242
Rental cash flow+$12,000
10-year hold
+$222,465(225.2% ROI)
Projected value
$632,165
Return breakdown
Property appreciation+$138,319
Loan principal paid down+$60,146
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.65
2 BR
0.60
3 BR
0.54
4 BR
0.40
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92662 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92662 (Newport Beach, CA) is $3,400 a month. That is down 3.7% from $3,530 in FY 2026. Newport Beach 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, 92662 is tied for the 32nd-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92662 is 97% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92662
BedroomsFY 2027Change90–110% range
Studio$2,870−2.0%$2,583–$3,157
1BR$2,900−3.3%$2,610–$3,190
2BR$3,400−3.7%$3,060–$3,740
3BR$4,620−3.5%$4,158–$5,082
4BR$5,520−3.5%$4,968–$6,072

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92662
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,870$2,900$3,400$4,620$5,520
FY 2026$2,930$3,000$3,530$4,790$5,720
FY 2025$2,530$2,640$3,120$4,220$5,040
FY 2024$2,440$2,600$3,090$4,180$4,960
FY 2023$2,180$2,380$2,860$3,880$4,540

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92662
92652$3,060−10.0%
92653$3,370−0.9%
92654$3,060−10.0%
92655$2,920−14.1%
92656$3,750+10.3%
92657$4,170+22.6%
92658$3,060−10.0%
92659$3,060−10.0%
92660$4,590+35.0%
92661$3,590+5.6%
92662Current$3,400—
92663$3,540+4.1%

Questions about ZIP 92662 rents

How much will Section 8 pay for a two-bedroom in ZIP 92662?

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 $3,400 it would be $3,060 to $3,740. 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 92662 in?

ZIP 92662 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 92662 for FY 2027?

The two-bedroom FMR fell 3.7%, from $3,530 in FY 2026 to $3,400 in FY 2027. Since FY 2023 it has risen 18.9%.

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