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Kern County/Bakersfield/93308

93308

ZIPSAFMR
Kern County, CA
Zillow

ZIP Investment Score

119Above average

095130300
BRFMR
Eff. Rent
0 BR$1,370$1,370
1 BR$1,380$1,380
2 BR$1,790$1,790
3 BR$2,480$2,480
4 BR$2,990$2,990
5 BR$3,438Not available
6 BR$3,954Not available
7 BR$4,547Not available
8 BR$5,230Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMRUsed$1,790
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
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
--
Tax rate
--
Mortgage rate
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ZIP 93308 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93308 (Bakersfield, CA) is $1,790 a month. That is up 13.3% from $1,580 in FY 2026. Bakersfield 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, 93308 has the 16th-highest two-bedroom rent (county range $1,340–$2,480). The median county two-bedroom FMR in California is $1,725, so ZIP 93308 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93308
BedroomsFY 2027Change90–110% range
Studio$1,370+13.2%$1,233–$1,507
1BR$1,380+14.0%$1,242–$1,518
2BR$1,790+13.3%$1,611–$1,969
3BR$2,480+12.7%$2,232–$2,728
4BR$2,990+12.8%$2,691–$3,289

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93308
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,370$1,380$1,790$2,480$2,990
FY 2026$1,210$1,210$1,580$2,200$2,650
FY 2025$1,100$1,110$1,440$2,020$2,420
FY 2024$1,020$1,030$1,340$1,890$2,270
FY 2023$940$950$1,240$1,760$2,110

Two-bedroom rent in nearby Kern County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93308
93302$1,660−7.3%
93303$1,660−7.3%
93304$1,590−11.2%
93305$1,530−14.5%
93306$1,700−5.0%
93307$1,550−13.4%
93308Current$1,790—
93309$1,810+1.1%
93311$2,430+35.8%
93312$2,480+38.5%
93313$2,420+35.2%
93314$2,480+38.5%

Questions about ZIP 93308 rents

How much will Section 8 pay for a two-bedroom in ZIP 93308?

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 $1,790 it would be $1,611 to $1,969. 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 93308 in?

ZIP 93308 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 93308 for FY 2027?

The two-bedroom FMR rose 13.3%, from $1,580 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 44.4%.

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