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Santa Barbara County/Goleta/93117

93117

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$2,680$2,680
1 BR$2,930$2,930
2 BR$3,360$3,360
3 BR$4,320$4,320
4 BR$4,930$4,930
5 BR$5,670Not available
6 BR$6,520Not available
7 BR$7,498Not available
8 BR$8,623Not available

Purchase Price Calculator

Maximum purchase price
$437,378

Cost breakdown

+Likely effective rent$3,360
HUD FMRUsed$3,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$2,212
Loan amount$349,903
Down payment$87,476
Rate6.50%
Term30 years
-Operating costs-$948
Property taxes-$437
Insurance-$175
Utilities$0
HOA$0
Management-$336
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,366(61.0% ROI)
Projected value
$471,008
Return breakdown
Property appreciation+$33,630
Loan principal paid down+$12,536
Rental cash flow+$7,200
5-year hold
+$91,830(105.0% ROI)
Projected value
$494,853
Return breakdown
Property appreciation+$57,475
Loan principal paid down+$22,355
Rental cash flow+$12,000
10-year hold
+$199,772(228.4% ROI)
Projected value
$559,881
Return breakdown
Property appreciation+$122,503
Loan principal paid down+$53,269
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 93117 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93117 (Goleta, CA) is $3,360 a month. That is down 2.6% from $3,450 in FY 2026. Goleta 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, 93117 is tied for the 15th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93117 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93117
BedroomsFY 2027Change90–110% range
Studio$2,680−1.5%$2,412–$2,948
1BR$2,930−3.3%$2,637–$3,223
2BR$3,360−2.6%$3,024–$3,696
3BR$4,320−4.0%$3,888–$4,752
4BR$4,930−3.9%$4,437–$5,423

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93117
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,680$2,930$3,360$4,320$4,930
FY 2026$2,720$3,030$3,450$4,500$5,130
FY 2025$2,600$2,940$3,310$4,380$4,880
FY 2024$2,620$2,970$3,360$4,480$5,080
FY 2023$2,430$2,800$3,180$4,200$4,770

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93117
93105$3,630+8.0%
93106$3,3600.0%
93108$3,690+9.8%
93109$4,360+29.8%
93110$3,540+5.4%
93111$4,220+25.6%
93116$3,110−7.4%
93117Current$3,360—
93118$3,110−7.4%
93120$3,110−7.4%
93121$3,110−7.4%
93130$3,110−7.4%

Questions about ZIP 93117 rents

How much will Section 8 pay for a two-bedroom in ZIP 93117?

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 $3,360 it would be $3,024 to $3,696. 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 93117 in?

ZIP 93117 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 93117 for FY 2027?

The two-bedroom FMR fell 2.6%, from $3,450 in FY 2026 to $3,360 in FY 2027. Since FY 2023 it has risen 5.7%.

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 rentGoleta, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources