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Kern County/Bakersfield/93312

93312

ZIPSAFMR
Kern County, CA
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,970
1 BR$1,910$1,660
2 BR$2,480$2,080
3 BR$3,430$2,250
4 BR$4,150$2,900
5 BR$4,773Not available
6 BR$5,488Not available
7 BR$6,312Not available
8 BR$7,258Not available

Purchase Price Calculator

Maximum purchase price
$247,171

Cost breakdown

+Likely effective rent$2,080
HUD FMR$2,480
Market rentUsed$2,080
Est. payment standard (90%)$2,230
-Principal and interest-$1,250
Loan amount$197,737
Down payment$49,434
Rate6.50%
Term30 years
-Operating costs-$630
Property taxes-$247
Insurance-$175
Utilities$0
HOA$0
Management-$208
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,290(67.3% ROI)
Projected value
$266,176
Return breakdown
Property appreciation+$19,005
Loan principal paid down+$7,084
Rental cash flow+$7,200
5-year hold
+$57,114(115.5% ROI)
Projected value
$279,651
Return breakdown
Property appreciation+$32,480
Loan principal paid down+$12,633
Rental cash flow+$12,000
10-year hold
+$123,332(249.5% ROI)
Projected value
$316,399
Return breakdown
Property appreciation+$69,229
Loan principal paid down+$30,103
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
1.15
2 BR
1.19
3 BR
1.52
4 BR
1.43
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93312 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93312 (Bakersfield, CA) is $2,480 a month. That is up 11.7% from $2,220 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, 93312 is tied for the highest two-bedroom rent (county range $1,340–$2,480). The median county two-bedroom FMR in California is $1,725, so ZIP 93312 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93312
BedroomsFY 2027Change90–110% range
Studio$1,890+11.2%$1,701–$2,079
1BR$1,910+11.7%$1,719–$2,101
2BR$2,480+11.7%$2,232–$2,728
3BR$3,430+11.0%$3,087–$3,773
4BR$4,150+11.6%$3,735–$4,565

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93312
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$1,910$2,480$3,430$4,150
FY 2026$1,700$1,710$2,220$3,090$3,720
FY 2025$1,590$1,600$2,070$2,900$3,480
FY 2024$1,440$1,450$1,890$2,660$3,210
FY 2023$1,300$1,310$1,710$2,430$2,910

Two-bedroom rent in nearby Kern County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93312
93302$1,660−33.1%
93303$1,660−33.1%
93304$1,590−35.9%
93305$1,530−38.3%
93306$1,700−31.5%
93307$1,550−37.5%
93308$1,790−27.8%
93309$1,810−27.0%
93311$2,430−2.0%
93312Current$2,480—
93313$2,420−2.4%
93314$2,4800.0%

Questions about ZIP 93312 rents

How much will Section 8 pay for a two-bedroom in ZIP 93312?

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 $2,480 it would be $2,232 to $2,728. 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 93312 in?

ZIP 93312 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 93312 for FY 2027?

The two-bedroom FMR rose 11.7%, from $2,220 in FY 2026 to $2,480 in FY 2027. Since FY 2023 it has risen 45.0%.

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