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Kern County/Woody/93287

93287

ZIPSAFMR
Kern County, CA
Zillow

ZIP Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,290$1,290
2 BR$1,670$1,670
3 BR$2,320$2,320
4 BR$2,790$2,790
5 BR$3,208Not available
6 BR$3,690Not available
7 BR$4,243Not available
8 BR$4,880Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMRUsed$1,670
Market rentN/A
Est. payment standardN/A
-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

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
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Mortgage rate
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ZIP 93287 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93287 (Woody, CA) is $1,670 a month. That is up 12.8% from $1,480 in FY 2026. Woody 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, 93287 is tied for the 21st-highest two-bedroom rent (county range $1,340–$2,480). The median county two-bedroom FMR in California is $1,725, so ZIP 93287 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93287
BedroomsFY 2027Change90–110% range
Studio$1,280+13.3%$1,152–$1,408
1BR$1,290+13.2%$1,161–$1,419
2BR$1,670+12.8%$1,503–$1,837
3BR$2,320+12.1%$2,088–$2,552
4BR$2,790+12.0%$2,511–$3,069

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93287
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,280$1,290$1,670$2,320$2,790
FY 2026$1,130$1,140$1,480$2,070$2,490
FY 2025$1,040$1,050$1,360$1,910$2,290
FY 2024$970$980$1,280$1,800$2,130
FY 2023$840$850$1,120$1,580$1,870

Two-bedroom rent in nearby Kern County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93287
93268$1,340−19.8%
93276$1,340−19.8%
93280$1,410−15.6%
93283$1,400−16.2%
93285$1,410−15.6%
93287Current$1,670—
93301$1,490−10.8%
93302$1,660−0.6%
93303$1,660−0.6%
93304$1,590−4.8%
93305$1,530−8.4%
93306$1,700+1.8%

Questions about ZIP 93287 rents

How much will Section 8 pay for a two-bedroom in ZIP 93287?

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 $1,670 it would be $1,503 to $1,837. 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 93287 in?

ZIP 93287 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 93287 for FY 2027?

The two-bedroom FMR rose 12.8%, from $1,480 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 49.1%.

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