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Santa Barbara County/Santa Barbara/93103

93103

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$2,890$3,180
1 BR$3,160$3,480
2 BR$3,620$3,980
3 BR$4,650$5,120
4 BR$5,310$5,840
5 BR$6,106Not available
6 BR$7,022Not available
7 BR$8,076Not available
8 BR$9,287Not available

Purchase Price Calculator

Maximum purchase price
$529,510

Cost breakdown

+Likely effective rent$3,980
HUD FMR$3,620
Market rent$6,090
Est. payment standard (110%)Used$3,980
-Principal and interest-$2,677
Loan amount$423,608
Down payment$105,902
Rate6.50%
Term30 years
-Operating costs-$1,103
Property taxes-$530
Insurance-$175
Utilities$0
HOA$0
Management-$398
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$63,091(59.6% ROI)
Projected value
$570,224
Return breakdown
Property appreciation+$40,714
Loan principal paid down+$15,177
Rental cash flow+$7,200
5-year hold
+$108,646(102.6% ROI)
Projected value
$599,092
Return breakdown
Property appreciation+$69,582
Loan principal paid down+$27,064
Rental cash flow+$12,000
10-year hold
+$236,797(223.6% ROI)
Projected value
$677,817
Return breakdown
Property appreciation+$148,308
Loan principal paid down+$64,490
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.87
2 BR
0.59
3 BR
0.60
4 BR
0.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93103 (Santa Barbara, CA) is $3,620 a month. That is up 0.6% from $3,600 in FY 2026. Santa Barbara 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, 93103 has the 8th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93103 is 110% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93103
BedroomsFY 2027Change90–110% range
Studio$2,890+2.1%$2,601–$3,179
1BR$3,1600.0%$2,844–$3,476
2BR$3,620+0.6%$3,258–$3,982
3BR$4,650−1.1%$4,185–$5,115
4BR$5,310−0.7%$4,779–$5,841

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93103
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,890$3,160$3,620$4,650$5,310
FY 2026$2,830$3,160$3,600$4,700$5,350
FY 2025$2,770$3,120$3,520$4,660$5,190
FY 2024$2,750$3,130$3,530$4,710$5,340
FY 2023$2,460$2,830$3,210$4,240$4,820

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93103
93101$3,850+6.4%
93102$3,110−14.1%
93103Current$3,620—
93105$3,630+0.3%
93106$3,360−7.2%
93108$3,690+1.9%
93109$4,360+20.4%
93110$3,540−2.2%
93111$4,220+16.6%
93116$3,110−14.1%
93117$3,360−7.2%
93118$3,110−14.1%

Questions about ZIP 93103 rents

How much will Section 8 pay for a two-bedroom in ZIP 93103?

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 $3,620 it would be $3,258 to $3,982. 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 93103 in?

ZIP 93103 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 93103 for FY 2027?

The two-bedroom FMR rose 0.6%, from $3,600 in FY 2026 to $3,620 in FY 2027. Since FY 2023 it has risen 12.8%.

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