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Santa Barbara County/Santa Barbara/93109

93109

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

39Below average

095130300
BRFMR
Eff. Rent
0 BR$3,480$2,510
1 BR$3,810$2,940
2 BR$4,360$4,570
3 BR$5,600$6,160
4 BR$6,400$7,040
5 BR$7,360Not available
6 BR$8,464Not available
7 BR$9,734Not available
8 BR$11,194Not available

Purchase Price Calculator

Maximum purchase price
$617,184

Cost breakdown

+Likely effective rent$4,570
HUD FMR$4,360
Market rent$4,690
Est. payment standard (105%)Used$4,570
-Principal and interest-$3,121
Loan amount$493,747
Down payment$123,437
Rate6.50%
Term30 years
-Operating costs-$1,249
Property taxes-$617
Insurance-$175
Utilities$0
HOA$0
Management-$457
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$72,345(58.6% ROI)
Projected value
$664,639
Return breakdown
Property appreciation+$47,456
Loan principal paid down+$17,690
Rental cash flow+$7,200
5-year hold
+$124,649(101.0% ROI)
Projected value
$698,287
Return breakdown
Property appreciation+$81,103
Loan principal paid down+$31,546
Rental cash flow+$12,000
10-year hold
+$272,031(220.4% ROI)
Projected value
$790,047
Return breakdown
Property appreciation+$172,864
Loan principal paid down+$75,167
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.39
1 BR
1.30
2 BR
0.93
3 BR
0.73
4 BR
0.68
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93109 (Santa Barbara, CA) is $4,360 a month. That is down 1.8% from $4,440 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, 93109 has the highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93109 is 153% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93109
BedroomsFY 2027Change90–110% range
Studio$3,480−0.6%$3,132–$3,828
1BR$3,810−2.3%$3,429–$4,191
2BR$4,360−1.8%$3,924–$4,796
3BR$5,600−3.3%$5,040–$6,160
4BR$6,400−3.0%$5,760–$7,040

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,480$3,810$4,360$5,600$6,400
FY 2026$3,500$3,900$4,440$5,790$6,600
FY 2025$3,250$3,670$4,130$5,470$6,090
FY 2024$2,980$3,390$3,830$5,110$5,790
FY 2023$2,560$2,950$3,350$4,420$5,030

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93109
93101$3,850−11.7%
93102$3,110−28.7%
93103$3,620−17.0%
93105$3,630−16.7%
93106$3,360−22.9%
93108$3,690−15.4%
93109Current$4,360—
93110$3,540−18.8%
93111$4,220−3.2%
93116$3,110−28.7%
93117$3,360−22.9%
93118$3,110−28.7%

Questions about ZIP 93109 rents

How much will Section 8 pay for a two-bedroom in ZIP 93109?

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 $4,360 it would be $3,924 to $4,796. 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 93109 in?

ZIP 93109 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 93109 for FY 2027?

The two-bedroom FMR fell 1.8%, from $4,440 in FY 2026 to $4,360 in FY 2027. Since FY 2023 it has risen 30.1%.

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