93109
ZIPSAFMR
Santa Barbara County, CA
BRFMR
Eff. Rent
0 BR$3,500$2,510
1 BR$3,900$2,940
2 BR$4,440$4,600
3 BR$5,790$6,370
4 BR$6,600$7,260
5 BR$7,590
6 BR$8,728
7 BR$10,038
8 BR$11,543

Purchase Price Calculator

Maximum purchase price
$621,642

Cost breakdown

+Likely effective rent$4,600
HUD FMR$4,440
Market rent$4,690
Est. payment standard (104%)Used$4,600
Estimated payment standard is $4,600 (104% of FMR).
-Principal and interest-$3,143
Loan amount$497,313
Down payment$124,328
Rate6.50%
Term30 years
-Operating costs-$1,257
Property taxes-$622
Insurance-$175
Utilities$0
HOA$0
Management-$460
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$72,816(58.6% ROI)
Projected value
$669,440
Current value$621,642
Return breakdown
Property appreciation+$47,798
Loan principal paid down+$17,818
Rental cash flow+$7,200
5-year hold
+$125,462(100.9% ROI)
Projected value
$703,330
Current value$621,642
Return breakdown
Property appreciation+$81,689
Loan principal paid down+$31,773
Rental cash flow+$12,000
10-year hold
+$273,823(220.2% ROI)
Projected value
$795,754
Current value$621,642
Return breakdown
Property appreciation+$174,112
Loan principal paid down+$75,710
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
1.39ratio
FMR$3,500
Market$2,510
vs market+$990

FMR is above market; underwrite to market rent.

90% standard$3,150 / 1.25 ratio110% standard$3,850 / 1.53 ratio
1.39
1 BR
1 BR
1.33ratio
FMR$3,900
Market$2,940
vs market+$960

FMR is above market; underwrite to market rent.

90% standard$3,510 / 1.19 ratio110% standard$4,290 / 1.46 ratio
1.33
2 BR
2 BR
0.95ratio
FMR$4,440
Market$4,690
vs market-$250

FMR is near market; voucher and private rents are aligned.

90% standard$3,996 / 0.85 ratio110% standard$4,884 / 1.04 ratio
0.95
3 BR
3 BR
0.76ratio
FMR$5,790
Market$7,630
vs market-$1,840

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

90% standard$5,211 / 0.68 ratio110% standard$6,369 / 0.83 ratio
0.76
4 BR
4 BR
0.70ratio
FMR$6,600
Market$9,480
vs market-$2,880

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

90% standard$5,940 / 0.63 ratio110% standard$7,260 / 0.77 ratio
0.70
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 93109 (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.

93109 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93109 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,440 and the 4 bedroom fair market rent is $6,600.

Use this page for searches like 93109 FMR, 93109 fair market rent, and 93109 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 93109
Bedroom sizeHUD FMR
Studio$3,500
1 bedroom$3,900
2 bedroom$4,440
3 bedroom$5,790
4 bedroom$6,600