Skip to main content
Loading page
San Luis Obispo County/Cambria/93428

93428

ZIPSAFMR
San Luis Obispo County, CA
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,870$1,870
1 BR$2,050$2,050
2 BR$2,680$2,680
3 BR$3,580$3,580
4 BR$4,150$4,150
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
$336,330

Cost breakdown

+Likely effective rent$2,680
HUD FMRUsed$2,680
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,701
Loan amount$269,064
Down payment$67,266
Rate6.50%
Term30 years
-Operating costs-$779
Property taxes-$336
Insurance-$175
Utilities$0
HOA$0
Management-$268
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,701(63.5% ROI)
Projected value
$362,191
Return breakdown
Property appreciation+$25,861
Loan principal paid down+$9,640
Rental cash flow+$7,200
5-year hold
+$73,387(109.1% ROI)
Projected value
$380,527
Return breakdown
Property appreciation+$44,197
Loan principal paid down+$17,191
Rental cash flow+$12,000
10-year hold
+$159,163(236.6% ROI)
Projected value
$430,531
Return breakdown
Property appreciation+$94,201
Loan principal paid down+$40,962
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93428 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93428 (Cambria, CA) is $2,680 a month. That is up 3.9% from $2,580 in FY 2026. Cambria 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, 93428 has the 27th-highest two-bedroom rent (county range $2,410–$3,720). The median county two-bedroom FMR in California is $1,725, so ZIP 93428 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93428
BedroomsFY 2027Change90–110% range
Studio$1,870+5.1%$1,683–$2,057
1BR$2,050+4.1%$1,845–$2,255
2BR$2,680+3.9%$2,412–$2,948
3BR$3,580+3.5%$3,222–$3,938
4BR$4,150+4.5%$3,735–$4,565

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93428
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,870$2,050$2,680$3,580$4,150
FY 2026$1,780$1,970$2,580$3,460$3,970
FY 2025$1,580$1,760$2,310$3,080$3,490
FY 2024$1,420$1,600$2,100$2,810$3,200
FY 2023$1,340$1,500$1,980$2,730$3,040

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93428
93420$2,960+10.4%
93421$2,720+1.5%
93422$2,610−2.6%
93423$2,720+1.5%
93424$2,830+5.6%
93426$2,430−9.3%
93428Current$2,680—
93430$2,410−10.1%
93432$2,840+6.0%
93433$2,720+1.5%
93435$2,720+1.5%
93442$2,580−3.7%

Questions about ZIP 93428 rents

How much will Section 8 pay for a two-bedroom in ZIP 93428?

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 $2,680 it would be $2,412 to $2,948. 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 93428 in?

ZIP 93428 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 93428 for FY 2027?

The two-bedroom FMR rose 3.9%, from $2,580 in FY 2026 to $2,680 in FY 2027. Since FY 2023 it has risen 35.4%.

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