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Orange County/Brea/92821

92821

ZIPSAFMR
Orange County, CA
Zillow

ZIP Investment Score

50Below average

095130300
BRFMR
Eff. Rent
0 BR$2,710$2,320
1 BR$2,740$2,520
2 BR$3,210$3,170
3 BR$4,360$4,080
4 BR$5,210$4,630
5 BR$5,991Not available
6 BR$6,890Not available
7 BR$7,924Not available
8 BR$9,112Not available

Purchase Price Calculator

Maximum purchase price
$409,144

Cost breakdown

+Likely effective rent$3,170
HUD FMR$3,210
Market rentUsed$3,170
Est. payment standard (99%)$3,180
-Principal and interest-$2,069
Loan amount$327,315
Down payment$81,829
Rate6.50%
Term30 years
-Operating costs-$901
Property taxes-$409
Insurance-$175
Utilities$0
HOA$0
Management-$317
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,386(61.6% ROI)
Projected value
$440,604
Return breakdown
Property appreciation+$31,459
Loan principal paid down+$11,727
Rental cash flow+$7,200
5-year hold
+$86,677(105.9% ROI)
Projected value
$462,909
Return breakdown
Property appreciation+$53,765
Loan principal paid down+$20,912
Rental cash flow+$12,000
10-year hold
+$188,425(230.3% ROI)
Projected value
$523,739
Return breakdown
Property appreciation+$114,595
Loan principal paid down+$49,830
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.09
2 BR
1.01
3 BR
1.07
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 92821 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 92821 (Brea, CA) is $3,210 a month. That is down 4.7% from $3,370 in FY 2026. Brea 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, 92821 is tied for the 42nd-highest two-bedroom rent (county range $2,690–$4,590). The median county two-bedroom FMR in California is $1,725, so ZIP 92821 is 86% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 92821
BedroomsFY 2027Change90–110% range
Studio$2,710−2.9%$2,439–$2,981
1BR$2,740−4.2%$2,466–$3,014
2BR$3,210−4.7%$2,889–$3,531
3BR$4,360−4.6%$3,924–$4,796
4BR$5,210−4.6%$4,689–$5,731

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 92821
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,710$2,740$3,210$4,360$5,210
FY 2026$2,790$2,860$3,370$4,570$5,460
FY 2025$2,440$2,540$3,010$4,070$4,870
FY 2024$2,320$2,480$2,940$3,980$4,720
FY 2023$2,080$2,270$2,730$3,710$4,340

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 92821
92811$3,060−4.7%
92812$3,060−4.7%
92814$3,060−4.7%
92815$3,060−4.7%
92816$3,060−4.7%
92817$3,060−4.7%
92821Current$3,210—
92822$3,060−4.7%
92823$4,380+36.4%
92825$3,060−4.7%
92831$3,030−5.6%
92832$2,920−9.0%

Questions about ZIP 92821 rents

How much will Section 8 pay for a two-bedroom in ZIP 92821?

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 $3,210 it would be $2,889 to $3,531. 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 92821 in?

ZIP 92821 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 92821 for FY 2027?

The two-bedroom FMR fell 4.7%, from $3,370 in FY 2026 to $3,210 in FY 2027. Since FY 2023 it has risen 17.6%.

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