92823
ZIPSAFMR
Orange County, CA
BRFMR
Eff. Rent
0 BR$3,810$2,400
1 BR$3,900$2,740
2 BR$4,600$3,670
3 BR$6,240$4,100
4 BR$7,460$4,760
5 BR$8,579
6 BR$9,866
7 BR$11,346
8 BR$13,048

Purchase Price Calculator

Maximum purchase price
$483,444

Cost breakdown

+Likely effective rent$3,670
HUD FMR$4,600
Market rentUsed$3,670
Est. payment standard (90%)$4,140
Market rent is below the inferred standard ($4,140, 90% of FMR).
-Principal and interest-$2,445
Loan amount$386,755
Down payment$96,689
Rate6.50%
Term30 years
-Operating costs-$1,025
Property taxes-$483
Insurance-$175
Utilities$0
HOA$0
Management-$367
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$58,229(60.2% ROI)
Projected value
$520,616
Current value$483,444
Return breakdown
Property appreciation+$37,172
Loan principal paid down+$13,857
Rental cash flow+$7,200
5-year hold
+$100,238(103.7% ROI)
Projected value
$546,973
Current value$483,444
Return breakdown
Property appreciation+$63,529
Loan principal paid down+$24,710
Rental cash flow+$12,000
10-year hold
+$218,284(225.8% ROI)
Projected value
$618,849
Current value$483,444
Return breakdown
Property appreciation+$135,405
Loan principal paid down+$58,879
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.59ratio
FMR$3,810
Market$2,400
vs market+$1,410

FMR is above market; underwrite to market rent.

1.59
1 BR
1 BR
1.42ratio
FMR$3,900
Market$2,740
vs market+$1,160

FMR is above market; underwrite to market rent.

90% standard$3,510 / 1.28 ratio110% standard$4,290 / 1.57 ratio
1.42
2 BR
2 BR
1.25ratio
FMR$4,600
Market$3,670
vs market+$930

FMR is above market; underwrite to market rent.

90% standard$4,140 / 1.13 ratio110% standard$5,060 / 1.38 ratio
1.25
3 BR
3 BR
1.52ratio
FMR$6,240
Market$4,100
vs market+$2,140

FMR is above market; underwrite to market rent.

90% standard$5,616 / 1.37 ratio110% standard$6,864 / 1.67 ratio
1.52
4 BR
4 BR
1.57ratio
FMR$7,460
Market$4,760
vs market+$2,700

FMR is above market; underwrite to market rent.

1.57
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 92823 (CA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

92823 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 92823 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,600 and the 4 bedroom fair market rent is $7,460.

Use this page for searches like 92823 FMR, 92823 fair market rent, and 92823 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 92823
Bedroom sizeHUD FMR
Studio$3,810
1 bedroom$3,900
2 bedroom$4,600
3 bedroom$6,240
4 bedroom$7,460