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San Luis Obispo County/Los Osos/93402

93402

ZIPSAFMR
San Luis Obispo County, CA
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,910$2,100
1 BR$2,090$2,200
2 BR$2,740$2,820
3 BR$3,660$3,330
4 BR$4,240$3,510
5 BR$4,876Not available
6 BR$5,607Not available
7 BR$6,449Not available
8 BR$7,416Not available

Purchase Price Calculator

Maximum purchase price
$357,134

Cost breakdown

+Likely effective rent$2,820
HUD FMR$2,740
Market rent$2,870
Est. payment standard (103%)Used$2,820
-Principal and interest-$1,806
Loan amount$285,707
Down payment$71,427
Rate6.50%
Term30 years
-Operating costs-$814
Property taxes-$357
Insurance-$175
Utilities$0
HOA$0
Management-$282
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,896(62.9% ROI)
Projected value
$384,595
Return breakdown
Property appreciation+$27,460
Loan principal paid down+$10,236
Rental cash flow+$7,200
5-year hold
+$77,184(108.1% ROI)
Projected value
$404,065
Return breakdown
Property appreciation+$46,930
Loan principal paid down+$18,254
Rental cash flow+$12,000
10-year hold
+$167,524(234.5% ROI)
Projected value
$457,162
Return breakdown
Property appreciation+$100,028
Loan principal paid down+$43,496
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.92
2 BR
0.95
3 BR
1.10
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93402 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93402 (Los Osos, CA) is $2,740 a month. That is up 1.1% from $2,710 in FY 2026. Los Osos 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, 93402 has the 13th-highest two-bedroom rent (county range $2,410–$3,720). The median county two-bedroom FMR in California is $1,725, so ZIP 93402 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93402
BedroomsFY 2027Change90–110% range
Studio$1,910+2.1%$1,719–$2,101
1BR$2,090+1.0%$1,881–$2,299
2BR$2,740+1.1%$2,466–$3,014
3BR$3,660+0.5%$3,294–$4,026
4BR$4,240+1.7%$3,816–$4,664

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93402
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,910$2,090$2,740$3,660$4,240
FY 2026$1,870$2,070$2,710$3,640$4,170
FY 2025$1,710$1,900$2,490$3,320$3,770
FY 2024$1,580$1,770$2,330$3,120$3,550
FY 2023$1,440$1,610$2,120$2,920$3,260

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93402
93401$3,070+12.0%
93402Current$2,740—
93403$2,720−0.7%
93405$2,820+2.9%
93406$2,720−0.7%
93407$2,820+2.9%
93408$2,820+2.9%
93409$2,820+2.9%
93410$2,820+2.9%
93412$2,720−0.7%
93420$2,960+8.0%
93421$2,720−0.7%

Questions about ZIP 93402 rents

How much will Section 8 pay for a two-bedroom in ZIP 93402?

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 $2,740 it would be $2,466 to $3,014. 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 93402 in?

ZIP 93402 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 93402 for FY 2027?

The two-bedroom FMR rose 1.1%, from $2,710 in FY 2026 to $2,740 in FY 2027. Since FY 2023 it has risen 29.2%.

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