93116
ZIPSAFMR
Santa Barbara County, CA
BRFMR
Eff. Rent
0 BR$2,460$2,570
1 BR$2,740$2,950
2 BR$3,120$3,430
3 BR$4,070$4,480
4 BR$4,640$5,100
5 BR$5,336
6 BR$6,136
7 BR$7,057
8 BR$8,115

Purchase Price Calculator

Maximum purchase price
$447,780

Cost breakdown

+Likely effective rent$3,430
HUD FMR$3,120
Market rent$4,610
Est. payment standard (110%)Used$3,430
Estimated payment standard is $3,430 (110% of FMR).
-Principal and interest-$2,264
Loan amount$358,224
Down payment$89,556
Rate6.50%
Term30 years
-Operating costs-$966
Property taxes-$448
Insurance-$175
Utilities$0
HOA$0
Management-$343
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,464(60.8% ROI)
Projected value
$482,210
Current value$447,780
Return breakdown
Property appreciation+$34,430
Loan principal paid down+$12,834
Rental cash flow+$7,200
5-year hold
+$93,729(104.7% ROI)
Projected value
$506,622
Current value$447,780
Return breakdown
Property appreciation+$58,842
Loan principal paid down+$22,887
Rental cash flow+$12,000
10-year hold
+$203,952(227.7% ROI)
Projected value
$573,196
Current value$447,780
Return breakdown
Property appreciation+$125,416
Loan principal paid down+$54,536
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
0.94ratio
FMR$2,460
Market$2,630
vs market-$170

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

90% standard$2,214 / 0.84 ratio110% standard$2,706 / 1.03 ratio
0.94
1 BR
1 BR
0.89ratio
FMR$2,740
Market$3,070
vs market-$330

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

90% standard$2,466 / 0.80 ratio110% standard$3,014 / 0.98 ratio
0.89
2 BR
2 BR
0.68ratio
FMR$3,120
Market$4,610
vs market-$1,490

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

90% standard$2,808 / 0.61 ratio110% standard$3,432 / 0.74 ratio
0.68
3 BR
3 BR
0.75ratio
FMR$4,070
Market$5,410
vs market-$1,340

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

90% standard$3,663 / 0.68 ratio110% standard$4,477 / 0.83 ratio
0.75
4 BR
4 BR
0.64ratio
FMR$4,640
Market$7,250
vs market-$2,610

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

90% standard$4,176 / 0.58 ratio110% standard$5,104 / 0.70 ratio
0.64
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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 93116 (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.

93116 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93116 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,120 and the 4 bedroom fair market rent is $4,640.

Use this page for searches like 93116 FMR, 93116 fair market rent, and 93116 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 93116
Bedroom sizeHUD FMR
Studio$2,460
1 bedroom$2,740
2 bedroom$3,120
3 bedroom$4,070
4 bedroom$4,640