Skip to main content
Loading page
San Luis Obispo County/San Luis Obispo/93401

93401

ZIPSAFMR
San Luis Obispo County, CA
Zillow

ZIP Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$2,140$2,150
1 BR$2,350$2,470
2 BR$3,070$2,940
3 BR$4,100$3,900
4 BR$4,750$4,950
5 BR$5,463Not available
6 BR$6,282Not available
7 BR$7,224Not available
8 BR$8,308Not available

Purchase Price Calculator

Maximum purchase price
$374,966

Cost breakdown

+Likely effective rent$2,940
HUD FMR$3,070
Market rentUsed$2,940
Est. payment standard (97%)$2,990
-Principal and interest-$1,896
Loan amount$299,973
Down payment$74,993
Rate6.50%
Term30 years
-Operating costs-$844
Property taxes-$375
Insurance-$175
Utilities$0
HOA$0
Management-$294
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,779(62.4% ROI)
Projected value
$403,798
Return breakdown
Property appreciation+$28,831
Loan principal paid down+$10,747
Rental cash flow+$7,200
5-year hold
+$80,439(107.3% ROI)
Projected value
$424,240
Return breakdown
Property appreciation+$49,274
Loan principal paid down+$19,165
Rental cash flow+$12,000
10-year hold
+$174,690(232.9% ROI)
Projected value
$479,989
Return breakdown
Property appreciation+$105,022
Loan principal paid down+$45,668
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.99
1 BR
0.93
2 BR
1.04
3 BR
1.05
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93401 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93401 (San Luis Obispo, CA) is $3,070 a month. That is down 0.3% from $3,080 in FY 2026. San Luis Obispo is in the San Luis Obispo-Paso Robles, 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 $2,720. Among 36 ZIP codes in San Luis Obispo County, 93401 has the 3rd-highest two-bedroom rent (county range $2,410–$3,720). The median county two-bedroom FMR in California is $1,725, so ZIP 93401 is 78% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93401
BedroomsFY 2027Change90–110% range
Studio$2,140+0.9%$1,926–$2,354
1BR$2,3500.0%$2,115–$2,585
2BR$3,070−0.3%$2,763–$3,377
3BR$4,100−0.7%$3,690–$4,510
4BR$4,750+0.4%$4,275–$5,225

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93401
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,140$2,350$3,070$4,100$4,750
FY 2026$2,120$2,350$3,080$4,130$4,730
FY 2025$1,820$2,020$2,650$3,540$4,010
FY 2024$1,630$1,830$2,410$3,230$3,670
FY 2023$1,530$1,710$2,250$3,100$3,450

Two-bedroom rent in nearby San Luis Obispo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93401
93401Current$3,070—
93402$2,740−10.7%
93403$2,720−11.4%
93405$2,820−8.1%
93406$2,720−11.4%
93407$2,820−8.1%
93408$2,820−8.1%
93409$2,820−8.1%
93410$2,820−8.1%
93412$2,720−11.4%
93420$2,960−3.6%
93421$2,720−11.4%

Questions about ZIP 93401 rents

How much will Section 8 pay for a two-bedroom in ZIP 93401?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,720, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,448 to $2,992 a month; under the ZIP-level Small Area FMR of $3,070 it would be $2,763 to $3,377. 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 93401 in?

ZIP 93401 is in the San Luis Obispo-Paso Robles, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,720.

How much did fair market rent change in ZIP 93401 for FY 2027?

The two-bedroom FMR fell 0.3%, from $3,080 in FY 2026 to $3,070 in FY 2027. Since FY 2023 it has risen 36.4%.

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 rentSan Luis Obispo, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources