93103
ZIPSAFMR
Santa Barbara County, CA
BRFMR
Eff. Rent
0 BR$2,830$3,110
1 BR$3,160$3,480
2 BR$3,600$3,960
3 BR$4,700$5,170
4 BR$5,350$5,890
5 BR$6,152
6 BR$7,075
7 BR$8,137
8 BR$9,357

Purchase Price Calculator

Maximum purchase price
$526,538

Cost breakdown

+Likely effective rent$3,960
HUD FMR$3,600
Market rent$6,090
Est. payment standard (110%)Used$3,960
Estimated payment standard is $3,960 (110% of FMR).
-Principal and interest-$2,662
Loan amount$421,230
Down payment$105,308
Rate6.50%
Term30 years
-Operating costs-$1,098
Property taxes-$527
Insurance-$175
Utilities$0
HOA$0
Management-$396
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,777(59.6% ROI)
Projected value
$567,024
Current value$526,538
Return breakdown
Property appreciation+$40,486
Loan principal paid down+$15,092
Rental cash flow+$7,200
5-year hold
+$108,104(102.7% ROI)
Projected value
$595,729
Current value$526,538
Return breakdown
Property appreciation+$69,191
Loan principal paid down+$26,912
Rental cash flow+$12,000
10-year hold
+$235,603(223.7% ROI)
Projected value
$674,013
Current value$526,538
Return breakdown
Property appreciation+$147,475
Loan principal paid down+$64,128
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
0.82ratio
FMR$2,830
Market$3,470
vs market-$640

FMR is below market; voucher rent may lag private rents.

90% standard$2,547 / 0.73 ratio110% standard$3,113 / 0.90 ratio
0.82
1 BR
1 BR
0.87ratio
FMR$3,160
Market$3,650
vs market-$490

FMR is below market; voucher rent may lag private rents.

90% standard$2,844 / 0.78 ratio110% standard$3,476 / 0.95 ratio
0.87
2 BR
2 BR
0.59ratio
FMR$3,600
Market$6,090
vs market-$2,490

FMR is below market; voucher rent may lag private rents.

90% standard$3,240 / 0.53 ratio110% standard$3,960 / 0.65 ratio
0.59
3 BR
3 BR
0.60ratio
FMR$4,700
Market$7,790
vs market-$3,090

FMR is below market; voucher rent may lag private rents.

90% standard$4,230 / 0.54 ratio110% standard$5,170 / 0.66 ratio
0.60
4 BR
4 BR
0.46ratio
FMR$5,350
Market$11,580
vs market-$6,230

FMR is below market; voucher rent may lag private rents.

0.46
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for 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 93103 (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.

93103 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93103 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,600 and the 4 bedroom fair market rent is $5,350.

Use this page for searches like 93103 FMR, 93103 fair market rent, and 93103 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 93103
Bedroom sizeHUD FMR
Studio$2,830
1 bedroom$3,160
2 bedroom$3,600
3 bedroom$4,700
4 bedroom$5,350