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Orange County/Trabuco Canyon/92678

92678

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$2,900$2,340
1 BR$2,960$2,620
2 BR$3,510$3,370
3 BR$4,730$4,550
4 BR$5,670$5,360
5 BR$6,520Not available
6 BR$7,499Not available
7 BR$8,623Not available
8 BR$9,917Not available

Purchase Price Calculator

Maximum purchase price
$438,864

Cost breakdown

+Likely effective rent$3,370
HUD FMR$3,510
Market rentUsed$3,370
Est. payment standard (97%)$3,420
-Principal and interest-$2,219
Loan amount$351,091
Down payment$87,773
Rate6.50%
Term30 years
-Operating costs-$951
Property taxes-$439
Insurance-$175
Utilities$0
HOA$0
Management-$337
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,523(61.0% ROI)
Projected value
$472,609
Return breakdown
Property appreciation+$33,745
Loan principal paid down+$12,579
Rental cash flow+$7,200
5-year hold
+$92,102(104.9% ROI)
Projected value
$496,534
Return breakdown
Property appreciation+$57,670
Loan principal paid down+$22,431
Rental cash flow+$12,000
10-year hold
+$200,369(228.3% ROI)
Projected value
$561,783
Return breakdown
Property appreciation+$122,919
Loan principal paid down+$53,450
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
1.13
2 BR
1.04
3 BR
1.04
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92678 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92678 (Trabuco Canyon, CA) is $3,510 a month. That is down 6.4% from $3,750 in FY 2026. Trabuco Canyon 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, 92678 has the 29th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92678 is 103% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92678
BedroomsFY 2027Change90–110% range
Studio$2,900−5.5%$2,610–$3,190
1BR$2,960−6.0%$2,664–$3,256
2BR$3,510−6.4%$3,159–$3,861
3BR$4,730−6.7%$4,257–$5,203
4BR$5,670−6.4%$5,103–$6,237

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92678
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,900$2,960$3,510$4,730$5,670
FY 2026$3,070$3,150$3,750$5,070$6,060
FY 2025$2,660$2,780$3,320$4,480$5,380
FY 2024$2,150$2,290$2,720$3,680$4,370
FY 2023$2,080$2,260$2,720$3,690$4,320

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92678
92672$3,140−10.5%
92673$4,280+21.9%
92674$3,060−12.8%
92675$3,170−9.7%
92676$2,920−16.8%
92677$3,690+5.1%
92678Current$3,510—
92679$4,140+17.9%
92683$2,920−16.8%
92684$3,060−12.8%
92685$3,060−12.8%
92688$3,340−4.8%

Questions about ZIP 92678 rents

How much will Section 8 pay for a two-bedroom in ZIP 92678?

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 $3,510 it would be $3,159 to $3,861. 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 92678 in?

ZIP 92678 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 92678 for FY 2027?

The two-bedroom FMR fell 6.4%, from $3,750 in FY 2026 to $3,510 in FY 2027. Since FY 2023 it has risen 29.0%.

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 rentTrabuco Canyon, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources