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Santa Barbara County/Buellton/93427

93427

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$2,590$2,730
1 BR$2,840$2,750
2 BR$3,250$3,340
3 BR$4,180$4,580
4 BR$4,770$5,020
5 BR$5,486Not available
6 BR$6,308Not available
7 BR$7,255Not available
8 BR$8,343Not available

Purchase Price Calculator

Maximum purchase price
$434,406

Cost breakdown

+Likely effective rent$3,340
HUD FMR$3,250
Market rent$3,390
Est. payment standard (103%)Used$3,340
-Principal and interest-$2,197
Loan amount$347,525
Down payment$86,881
Rate6.50%
Term30 years
-Operating costs-$943
Property taxes-$434
Insurance-$175
Utilities$0
HOA$0
Management-$334
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,053(61.1% ROI)
Projected value
$467,808
Return breakdown
Property appreciation+$33,402
Loan principal paid down+$12,451
Rental cash flow+$7,200
5-year hold
+$91,288(105.1% ROI)
Projected value
$491,491
Return breakdown
Property appreciation+$57,085
Loan principal paid down+$22,203
Rental cash flow+$12,000
10-year hold
+$198,577(228.6% ROI)
Projected value
$556,077
Return breakdown
Property appreciation+$121,670
Loan principal paid down+$52,907
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
1.03
2 BR
0.96
3 BR
0.87
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93427 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93427 (Buellton, CA) is $3,250 a month. That is down 4.1% from $3,390 in FY 2026. Buellton is in the Santa Maria-Santa Barbara, 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 $3,106. Among 39 ZIP codes in Santa Barbara County, 93427 has the 17th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93427 is 88% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93427
BedroomsFY 2027Change90–110% range
Studio$2,590−3.0%$2,331–$2,849
1BR$2,840−4.7%$2,556–$3,124
2BR$3,250−4.1%$2,925–$3,575
3BR$4,180−5.4%$3,762–$4,598
4BR$4,770−5.4%$4,293–$5,247

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93427
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,590$2,840$3,250$4,180$4,770
FY 2026$2,670$2,980$3,390$4,420$5,040
FY 2025$2,560$2,890$3,260$4,320$4,810
FY 2024$2,510$2,850$3,220$4,300$4,870
FY 2023$2,090$2,410$2,730$3,600$4,100

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93427
93427Current$3,250—
93429$3,450+6.2%
93434$2,820−13.2%
93436$2,820−13.2%
93437$3,720+14.5%
93438$3,110−4.3%
93440$2,980−8.3%
93441$3,560+9.5%
93454$2,820−13.2%
93455$3,410+4.9%
93456$3,110−4.3%
93457$3,110−4.3%

Questions about ZIP 93427 rents

How much will Section 8 pay for a two-bedroom in ZIP 93427?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $3,106, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,795 to $3,417 a month; under the ZIP-level Small Area FMR of $3,250 it would be $2,925 to $3,575. 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 93427 in?

ZIP 93427 is in the Santa Maria-Santa Barbara, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $3,106.

How much did fair market rent change in ZIP 93427 for FY 2027?

The two-bedroom FMR fell 4.1%, from $3,390 in FY 2026 to $3,250 in FY 2027. Since FY 2023 it has risen 19.0%.

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