For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93437 (Lompoc, CA) is $3,720 a month. That is up 0.5% from $3,700 in FY 2026. Lompoc 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, 93437 has the 5th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93437 is 116% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 93437
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,910
$2,970
+2.1%
$2,673–$3,267
1BR
$3,250
$3,250
0.0%
$2,925–$3,575
2BR
$3,700
$3,720
+0.5%
$3,348–$4,092
3BR
$4,830
$4,780
−1.0%
$4,302–$5,258
4BR
$5,500
$5,460
−0.7%
$4,914–$6,006
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 93437
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,970
$3,250
$3,720
$4,780
$5,460
FY 2026
$2,910
$3,250
$3,700
$4,830
$5,500
FY 2025
$2,840
$3,200
$3,610
$4,780
$5,330
FY 2024
$2,760
$3,130
$3,540
$4,720
$5,350
FY 2023
$2,360
$2,710
$3,080
$4,060
$4,620
Two-bedroom rent in nearby Santa Barbara County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 93437?
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 $3,720 it would be $3,348 to $4,092. 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 93437 in?
ZIP 93437 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 93437 for FY 2027?
The two-bedroom FMR rose 0.5%, from $3,700 in FY 2026 to $3,720 in FY 2027. Since FY 2023 it has risen 20.8%.
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