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Orange County/San Clemente/92673

92673

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$3,610$2,470
1 BR$3,650$2,930
2 BR$4,280$4,090
3 BR$5,810$5,360
4 BR$6,950$6,880
5 BR$7,992Not available
6 BR$9,191Not available
7 BR$10,570Not available
8 BR$12,156Not available

Purchase Price Calculator

Maximum purchase price
$545,856

Cost breakdown

+Likely effective rent$4,090
HUD FMR$4,280
Market rentUsed$4,090
Est. payment standard (97%)$4,160
-Principal and interest-$2,760
Loan amount$436,685
Down payment$109,171
Rate6.50%
Term30 years
-Operating costs-$1,130
Property taxes-$546
Insurance-$175
Utilities$0
HOA$0
Management-$409
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$64,817(59.4% ROI)
Projected value
$587,827
Return breakdown
Property appreciation+$41,971
Loan principal paid down+$15,645
Rental cash flow+$7,200
5-year hold
+$111,630(102.3% ROI)
Projected value
$617,586
Return breakdown
Property appreciation+$71,730
Loan principal paid down+$27,900
Rental cash flow+$12,000
10-year hold
+$243,366(222.9% ROI)
Projected value
$698,742
Return breakdown
Property appreciation+$152,886
Loan principal paid down+$66,480
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.46
1 BR
1.25
2 BR
1.05
3 BR
1.08
4 BR
1.01
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92673 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92673 (San Clemente, CA) is $4,280 a month. That is down 9.7% from $4,740 in FY 2026. San Clemente 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, 92673 has the 6th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92673 is 148% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92673
BedroomsFY 2027Change90–110% range
Studio$3,610−8.1%$3,249–$3,971
1BR$3,650−9.2%$3,285–$4,015
2BR$4,280−9.7%$3,852–$4,708
3BR$5,810−9.6%$5,229–$6,391
4BR$6,950−9.5%$6,255–$7,645

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92673
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,610$3,650$4,280$5,810$6,950
FY 2026$3,930$4,020$4,740$6,430$7,680
FY 2025$3,290$3,430$4,060$5,490$6,560
FY 2024$3,000$3,200$3,800$5,150$6,100
FY 2023$2,510$2,740$3,290$4,470$5,220

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92673
92662$3,400−20.6%
92663$3,540−17.3%
92672$3,140−26.6%
92673Current$4,280—
92674$3,060−28.5%
92675$3,170−25.9%
92676$2,920−31.8%
92677$3,690−13.8%
92678$3,510−18.0%
92679$4,140−3.3%
92683$2,920−31.8%
92684$3,060−28.5%

Questions about ZIP 92673 rents

How much will Section 8 pay for a two-bedroom in ZIP 92673?

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 $4,280 it would be $3,852 to $4,708. 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 92673 in?

ZIP 92673 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 92673 for FY 2027?

The two-bedroom FMR fell 9.7%, from $4,740 in FY 2026 to $4,280 in FY 2027. Since FY 2023 it has risen 30.1%.

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 rentSan Clemente, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources