93405
ZIPSAFMR
San Luis Obispo County, CA
BRFMR
Eff. Rent
0 BR$1,900$2,090
1 BR$2,100$2,310
2 BR$2,750$3,030
3 BR$3,690$4,060
4 BR$4,230$4,650
5 BR$4,865
6 BR$5,594
7 BR$6,433
8 BR$7,398

Purchase Price Calculator

Maximum purchase price
$388,340

Cost breakdown

+Likely effective rent$3,030
HUD FMR$2,750
Market rent$3,920
Est. payment standard (110%)Used$3,030
Estimated payment standard is $3,030 (110% of FMR).
-Principal and interest-$1,964
Loan amount$310,672
Down payment$77,668
Rate6.50%
Term30 years
-Operating costs-$866
Property taxes-$388
Insurance-$175
Utilities$0
HOA$0
Management-$303
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,190(62.0% ROI)
Projected value
$418,200
Current value$388,340
Return breakdown
Property appreciation+$29,860
Loan principal paid down+$11,131
Rental cash flow+$7,200
5-year hold
+$82,880(106.7% ROI)
Projected value
$439,371
Current value$388,340
Return breakdown
Property appreciation+$51,031
Loan principal paid down+$19,849
Rental cash flow+$12,000
10-year hold
+$180,064(231.8% ROI)
Projected value
$497,108
Current value$388,340
Return breakdown
Property appreciation+$108,768
Loan principal paid down+$47,296
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.38ratio
FMR$1,900
Market$5,010
vs market-$3,110

FMR is below market; voucher rent may lag private rents.

0.38
1 BR
1 BR
0.53ratio
FMR$2,100
Market$3,970
vs market-$1,870

FMR is below market; voucher rent may lag private rents.

0.53
2 BR
2 BR
0.70ratio
FMR$2,750
Market$3,920
vs market-$1,170

FMR is below market; voucher rent may lag private rents.

90% standard$2,475 / 0.63 ratio110% standard$3,025 / 0.77 ratio
0.70
3 BR
3 BR
0.74ratio
FMR$3,690
Market$4,960
vs market-$1,270

FMR is below market; voucher rent may lag private rents.

90% standard$3,321 / 0.67 ratio110% standard$4,059 / 0.82 ratio
0.74
4 BR
4 BR
0.65ratio
FMR$4,230
Market$6,490
vs market-$2,260

FMR is below market; voucher rent may lag private rents.

90% standard$3,807 / 0.59 ratio110% standard$4,653 / 0.72 ratio
0.65
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 93405 (CA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

93405 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93405 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,750 and the 4 bedroom fair market rent is $4,230.

Use this page for searches like 93405 FMR, 93405 fair market rent, and 93405 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 93405
Bedroom sizeHUD FMR
Studio$1,900
1 bedroom$2,100
2 bedroom$2,750
3 bedroom$3,690
4 bedroom$4,230