93438
ZIPSAFMR
Santa Barbara County, CA
BRFMR
Eff. Rent
0 BR$2,460$1,520
1 BR$2,740$1,610
2 BR$3,120$2,180
3 BR$4,070$3,030
4 BR$4,640$3,460
5 BR$5,336
6 BR$6,136
7 BR$7,057
8 BR$8,115

Purchase Price Calculator

Maximum purchase price
$262,031

Cost breakdown

+Likely effective rent$2,180
HUD FMR$3,120
Market rentUsed$2,180
Est. payment standard (90%)$2,810
Market rent is below the inferred standard ($2,810, 90% of FMR).
-Principal and interest-$1,325
Loan amount$209,624
Down payment$52,406
Rate6.50%
Term30 years
-Operating costs-$655
Property taxes-$262
Insurance-$175
Utilities$0
HOA$0
Management-$218
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,858(66.5% ROI)
Projected value
$282,178
Current value$262,031
Return breakdown
Property appreciation+$20,148
Loan principal paid down+$7,510
Rental cash flow+$7,200
5-year hold
+$59,826(114.2% ROI)
Projected value
$296,464
Current value$262,031
Return breakdown
Property appreciation+$34,433
Loan principal paid down+$13,393
Rental cash flow+$12,000
10-year hold
+$129,304(246.7% ROI)
Projected value
$335,421
Current value$262,031
Return breakdown
Property appreciation+$73,391
Loan principal paid down+$31,913
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
1.62ratio
FMR$2,460
Market$1,520
vs market+$940

FMR is above market; underwrite to market rent.

1.62
1 BR
1 BR
1.70ratio
FMR$2,740
Market$1,610
vs market+$1,130

FMR is above market; underwrite to market rent.

1.70
2 BR
2 BR
1.43ratio
FMR$3,120
Market$2,180
vs market+$940

FMR is above market; underwrite to market rent.

90% standard$2,808 / 1.29 ratio110% standard$3,432 / 1.57 ratio
1.43
3 BR
3 BR
1.34ratio
FMR$4,070
Market$3,030
vs market+$1,040

FMR is above market; underwrite to market rent.

90% standard$3,663 / 1.21 ratio110% standard$4,477 / 1.48 ratio
1.34
4 BR
4 BR
1.34ratio
FMR$4,640
Market$3,460
vs market+$1,180

FMR is above market; underwrite to market rent.

90% standard$4,176 / 1.21 ratio110% standard$5,104 / 1.48 ratio
1.34
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across 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 93438 (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.

93438 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93438 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,120 and the 4 bedroom fair market rent is $4,640.

Use this page for searches like 93438 FMR, 93438 fair market rent, and 93438 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 93438
Bedroom sizeHUD FMR
Studio$2,460
1 bedroom$2,740
2 bedroom$3,120
3 bedroom$4,070
4 bedroom$4,640