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Kern County/Frazier Park/93225

93225

ZIPSAFMR
Kern County, CA
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,520
1 BR$1,470$1,580
2 BR$1,850$1,670
3 BR$2,560$2,110
4 BR$3,080$2,270
5 BR$3,542Not available
6 BR$4,073Not available
7 BR$4,684Not available
8 BR$5,387Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,850
Market rentUsed$1,670
Est. payment standard (94%)$1,730
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.90
2 BR
1.11
3 BR
1.21
4 BR
1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93225 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93225 (Frazier Park, CA) is $1,850 a month. That is down 6.1% from $1,970 in FY 2026. Frazier Park is in the Bakersfield-Delano, 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 $1,656. Among 64 ZIP codes in Kern County, 93225 has the 13th-highest two-bedroom rent (county range $1,340–$2,480). The median county two-bedroom FMR in California is $1,725, so ZIP 93225 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93225
BedroomsFY 2027Change90–110% range
Studio$1,4100.0%$1,269–$1,551
1BR$1,470−9.8%$1,323–$1,617
2BR$1,850−6.1%$1,665–$2,035
3BR$2,560−4.8%$2,304–$2,816
4BR$3,080−2.2%$2,772–$3,388

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93225
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,470$1,850$2,560$3,080
FY 2026$1,410$1,630$1,970$2,690$3,150
FY 2025$1,560$1,810$2,180$2,980$3,490
FY 2024$1,540$1,810$2,190$3,040$3,570
FY 2023$1,360$1,620$2,000$2,800$3,290

Two-bedroom rent in nearby Kern County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93225
93205$1,340−27.6%
93206$1,430−22.7%
93215$1,510−18.4%
93220$1,660−10.3%
93222$2,480+34.1%
93224$1,560−15.7%
93225Current$1,850—
93226$1,510−18.4%
93238$1,420−23.2%
93240$1,460−21.1%
93241$1,340−27.6%
93243$2,110+14.1%

Questions about ZIP 93225 rents

How much will Section 8 pay for a two-bedroom in ZIP 93225?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,656, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,490 to $1,822 a month; under the ZIP-level Small Area FMR of $1,850 it would be $1,665 to $2,035. 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 93225 in?

ZIP 93225 is in the Bakersfield-Delano, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,656.

How much did fair market rent change in ZIP 93225 for FY 2027?

The two-bedroom FMR fell 6.1%, from $1,970 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has fallen 7.5%.

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