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Orange County/Santa Ana/92707

92707

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$2,420$1,930
1 BR$2,480$2,240
2 BR$2,920$3,000
3 BR$3,960$4,040
4 BR$4,730$4,440
5 BR$5,440Not available
6 BR$6,255Not available
7 BR$7,194Not available
8 BR$8,273Not available

Purchase Price Calculator

Maximum purchase price
$383,882

Cost breakdown

+Likely effective rent$3,000
HUD FMR$2,920
Market rent$3,040
Est. payment standard (103%)Used$3,000
-Principal and interest-$1,941
Loan amount$307,106
Down payment$76,776
Rate6.50%
Term30 years
-Operating costs-$859
Property taxes-$384
Insurance-$175
Utilities$0
HOA$0
Management-$300
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,720(62.2% ROI)
Projected value
$413,399
Return breakdown
Property appreciation+$29,517
Loan principal paid down+$11,003
Rental cash flow+$7,200
5-year hold
+$82,066(106.9% ROI)
Projected value
$434,328
Return breakdown
Property appreciation+$50,445
Loan principal paid down+$19,621
Rental cash flow+$12,000
10-year hold
+$178,273(232.2% ROI)
Projected value
$491,402
Return breakdown
Property appreciation+$107,519
Loan principal paid down+$46,753
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.11
2 BR
0.96
3 BR
0.97
4 BR
1.07
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92707 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92707 (Santa Ana, CA) is $2,920 a month. That is up 0.7% from $2,900 in FY 2026. Santa Ana 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, 92707 is tied for the 115th-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92707 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92707
BedroomsFY 2027Change90–110% range
Studio$2,420+0.8%$2,178–$2,662
1BR$2,480+0.8%$2,232–$2,728
2BR$2,920+0.7%$2,628–$3,212
3BR$3,960+0.5%$3,564–$4,356
4BR$4,730+0.6%$4,257–$5,203

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92707
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,420$2,480$2,920$3,960$4,730
FY 2026$2,400$2,460$2,900$3,940$4,700
FY 2025$2,050$2,140$2,530$3,420$4,090
FY 2024$1,940$2,060$2,450$3,320$3,930
FY 2023$1,760$1,910$2,300$3,120$3,650

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92707
92693$3,060+4.8%
92694$4,060+39.0%
92697$3,060+4.8%
92701$2,9200.0%
92702$3,060+4.8%
92703$2,9200.0%
92704$2,9200.0%
92705$2,9200.0%
92706$2,9200.0%
92707Current$2,920—
92708$3,280+12.3%
92711$3,060+4.8%

Questions about ZIP 92707 rents

How much will Section 8 pay for a two-bedroom in ZIP 92707?

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 $2,920 it would be $2,628 to $3,212. 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 92707 in?

ZIP 92707 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 92707 for FY 2027?

The two-bedroom FMR rose 0.7%, from $2,900 in FY 2026 to $2,920 in FY 2027. Since FY 2023 it has risen 27.0%.

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 rentSanta Ana, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources