Skip to main content
Loading page
Santa Barbara County/Summerland/93067

93067

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

21Below average

095130300
BRFMR
Eff. Rent
0 BR$2,730$3,000
1 BR$2,990$3,290
2 BR$3,430$3,770
3 BR$4,460$4,910
4 BR$5,030$5,530
5 BR$5,785Not available
6 BR$6,652Not available
7 BR$7,650Not available
8 BR$8,798Not available

Purchase Price Calculator

Maximum purchase price
$498,304

Cost breakdown

+Likely effective rent$3,770
HUD FMR$3,430
Market rent$7,630
Est. payment standard (110%)Used$3,770
-Principal and interest-$2,520
Loan amount$398,643
Down payment$99,661
Rate6.50%
Term30 years
-Operating costs-$1,050
Property taxes-$498
Insurance-$175
Utilities$0
HOA$0
Management-$377
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$59,797(60.0% ROI)
Projected value
$536,619
Return breakdown
Property appreciation+$38,315
Loan principal paid down+$14,282
Rental cash flow+$7,200
5-year hold
+$102,951(103.3% ROI)
Projected value
$563,785
Return breakdown
Property appreciation+$65,481
Loan principal paid down+$25,469
Rental cash flow+$12,000
10-year hold
+$224,256(225.0% ROI)
Projected value
$637,871
Return breakdown
Property appreciation+$139,567
Loan principal paid down+$60,689
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.65
1 BR
0.64
2 BR
0.45
3 BR
0.48
4 BR
0.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93067 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93067 (Summerland, CA) is $3,430 a month. That is down 8.3% from $3,740 in FY 2026. Summerland is in the Santa Maria-Santa Barbara, CA MSA. 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 $3,106. Among 39 ZIP codes in Santa Barbara County, 93067 is tied for the 12th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93067 is 99% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93067
BedroomsFY 2027Change90–110% range
Studio$2,730−7.1%$2,457–$3,003
1BR$2,990−9.9%$2,691–$3,289
2BR$3,430−8.3%$3,087–$3,773
3BR$4,460−9.9%$4,014–$4,906
4BR$5,030−8.7%$4,527–$5,533

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93067
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,730$2,990$3,430$4,460$5,030
FY 2026$2,940$3,320$3,740$4,950$5,510
FY 2025$3,260$3,680$4,150$5,490$6,120
FY 2024$3,290$3,740$4,230$5,640$6,400
FY 2023$2,860$3,300$3,740$4,940$5,610

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93067
93067Current$3,430—
93101$3,850+12.2%
93102$3,110−9.3%
93103$3,620+5.5%
93105$3,630+5.8%
93106$3,360−2.0%
93108$3,690+7.6%
93109$4,360+27.1%
93110$3,540+3.2%
93111$4,220+23.0%
93116$3,110−9.3%
93117$3,360−2.0%

Questions about ZIP 93067 rents

How much will Section 8 pay for a two-bedroom in ZIP 93067?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,106, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,795 to $3,417 a month; under the ZIP-level Small Area FMR of $3,430 it would be $3,087 to $3,773. 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 93067 in?

ZIP 93067 is in the Santa Maria-Santa Barbara, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,106.

How much did fair market rent change in ZIP 93067 for FY 2027?

The two-bedroom FMR fell 8.3%, from $3,740 in FY 2026 to $3,430 in FY 2027. Since FY 2023 it has fallen 8.3%.

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