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Santa Barbara County/Los Alamos/93440

93440

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$2,380$2,380
1 BR$2,610$2,610
2 BR$2,980$2,980
3 BR$3,840$3,840
4 BR$4,380$4,380
5 BR$5,037Not available
6 BR$5,793Not available
7 BR$6,661Not available
8 BR$7,661Not available

Purchase Price Calculator

Maximum purchase price
$380,910

Cost breakdown

+Likely effective rent$2,980
HUD FMRUsed$2,980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,926
Loan amount$304,728
Down payment$76,182
Rate6.50%
Term30 years
-Operating costs-$854
Property taxes-$381
Insurance-$175
Utilities$0
HOA$0
Management-$298
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,406(62.2% ROI)
Projected value
$410,199
Return breakdown
Property appreciation+$29,288
Loan principal paid down+$10,918
Rental cash flow+$7,200
5-year hold
+$81,524(107.0% ROI)
Projected value
$430,965
Return breakdown
Property appreciation+$50,055
Loan principal paid down+$19,469
Rental cash flow+$12,000
10-year hold
+$177,079(232.4% ROI)
Projected value
$487,597
Return breakdown
Property appreciation+$106,687
Loan principal paid down+$46,391
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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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
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Tax rate
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Mortgage rate
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ZIP 93440 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93440 (Los Alamos, CA) is $2,980 a month. That is down 0.7% from $3,000 in FY 2026. Los Alamos 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, 93440 has the 33rd-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93440 is 73% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93440
BedroomsFY 2027Change90–110% range
Studio$2,380+0.8%$2,142–$2,618
1BR$2,610−1.1%$2,349–$2,871
2BR$2,980−0.7%$2,682–$3,278
3BR$3,840−2.0%$3,456–$4,224
4BR$4,380−2.0%$3,942–$4,818

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93440
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,380$2,610$2,980$3,840$4,380
FY 2026$2,360$2,640$3,000$3,920$4,470
FY 2025$2,330$2,620$2,960$3,920$4,370
FY 2024$1,870$2,120$2,410$3,200$3,630
FY 2023$1,880$2,160$2,460$3,240$3,690

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93440
93427$3,250+9.1%
93429$3,450+15.8%
93434$2,820−5.4%
93436$2,820−5.4%
93437$3,720+24.8%
93438$3,110+4.4%
93440Current$2,980—
93441$3,560+19.5%
93454$2,820−5.4%
93455$3,410+14.4%
93456$3,110+4.4%
93457$3,110+4.4%

Questions about ZIP 93440 rents

How much will Section 8 pay for a two-bedroom in ZIP 93440?

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 $2,980 it would be $2,682 to $3,278. 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 93440 in?

ZIP 93440 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 93440 for FY 2027?

The two-bedroom FMR fell 0.7%, from $3,000 in FY 2026 to $2,980 in FY 2027. Since FY 2023 it has risen 21.1%.

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