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Santa Barbara County/Santa Barbara/93110

93110

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

40Below average

095130300
BRFMR
Eff. Rent
0 BR$2,830$2,770
1 BR$3,090$2,980
2 BR$3,540$3,890
3 BR$4,550$5,010
4 BR$5,190$5,710
5 BR$5,968Not available
6 BR$6,864Not available
7 BR$7,893Not available
8 BR$9,077Not available

Purchase Price Calculator

Maximum purchase price
$516,136

Cost breakdown

+Likely effective rent$3,890
HUD FMR$3,540
Market rent$5,190
Est. payment standard (110%)Used$3,890
-Principal and interest-$2,610
Loan amount$412,909
Down payment$103,227
Rate6.50%
Term30 years
-Operating costs-$1,080
Property taxes-$516
Insurance-$175
Utilities$0
HOA$0
Management-$389
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,680(59.8% ROI)
Projected value
$555,822
Return breakdown
Property appreciation+$39,686
Loan principal paid down+$14,794
Rental cash flow+$7,200
5-year hold
+$106,205(102.9% ROI)
Projected value
$583,960
Return breakdown
Property appreciation+$67,824
Loan principal paid down+$26,381
Rental cash flow+$12,000
10-year hold
+$231,422(224.2% ROI)
Projected value
$660,698
Return breakdown
Property appreciation+$144,562
Loan principal paid down+$62,861
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.04
2 BR
0.68
3 BR
0.77
4 BR
0.63
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93110 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93110 (Santa Barbara, CA) is $3,540 a month. That is down 1.7% 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, 93110 has the 10th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93110 is 105% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93110
BedroomsFY 2027Change90–110% range
Studio$2,8300.0%$2,547–$3,113
1BR$3,090−2.2%$2,781–$3,399
2BR$3,540−1.7%$3,186–$3,894
3BR$4,550−3.2%$4,095–$5,005
4BR$5,190−3.0%$4,671–$5,709

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93110
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,830$3,090$3,540$4,550$5,190
FY 2026$2,830$3,160$3,600$4,700$5,350
FY 2025$2,710$3,050$3,440$4,560$5,080
FY 2024$2,700$3,070$3,470$4,630$5,250
FY 2023$2,390$2,760$3,130$4,130$4,700

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93110
93101$3,850+8.8%
93102$3,110−12.1%
93103$3,620+2.3%
93105$3,630+2.5%
93106$3,360−5.1%
93108$3,690+4.2%
93109$4,360+23.2%
93110Current$3,540—
93111$4,220+19.2%
93116$3,110−12.1%
93117$3,360−5.1%
93118$3,110−12.1%

Questions about ZIP 93110 rents

How much will Section 8 pay for a two-bedroom in ZIP 93110?

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 $3,540 it would be $3,186 to $3,894. 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 93110 in?

ZIP 93110 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 93110 for FY 2027?

The two-bedroom FMR fell 1.7%, from $3,600 in FY 2026 to $3,540 in FY 2027. Since FY 2023 it has risen 13.1%.

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