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San Luis Obispo County/Paso Robles/93446

93446

ZIPSAFMR
San Luis Obispo County, CA
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,890$1,730
1 BR$2,080$2,150
2 BR$2,720$2,480
3 BR$3,630$3,170
4 BR$4,210$3,700
5 BR$4,842Not available
6 BR$5,568Not available
7 BR$6,403Not available
8 BR$7,363Not available

Purchase Price Calculator

Maximum purchase price
$306,610

Cost breakdown

+Likely effective rent$2,480
HUD FMR$2,720
Market rentUsed$2,480
Est. payment standard (94%)$2,560
-Principal and interest-$1,550
Loan amount$245,288
Down payment$61,322
Rate6.50%
Term30 years
-Operating costs-$730
Property taxes-$307
Insurance-$175
Utilities$0
HOA$0
Management-$248
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,564(64.5% ROI)
Projected value
$330,186
Return breakdown
Property appreciation+$23,575
Loan principal paid down+$8,788
Rental cash flow+$7,200
5-year hold
+$67,963(110.8% ROI)
Projected value
$346,902
Return breakdown
Property appreciation+$40,291
Loan principal paid down+$15,672
Rental cash flow+$12,000
10-year hold
+$147,219(240.1% ROI)
Projected value
$392,487
Return breakdown
Property appreciation+$85,877
Loan principal paid down+$37,342
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
0.95
2 BR
1.10
3 BR
1.15
4 BR
1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93446 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93446 (Paso Robles, CA) is $2,720 a month. That is up 3.0% from $2,640 in FY 2026. Paso Robles 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, 93446 is tied for the 14th-highest two-bedroom rent (county range $2,410–$3,720). The median county two-bedroom FMR in California is $1,725, so ZIP 93446 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93446
BedroomsFY 2027Change90–110% range
Studio$1,890+3.8%$1,701–$2,079
1BR$2,080+3.5%$1,872–$2,288
2BR$2,720+3.0%$2,448–$2,992
3BR$3,630+2.5%$3,267–$3,993
4BR$4,210+3.7%$3,789–$4,631

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93446
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,890$2,080$2,720$3,630$4,210
FY 2026$1,820$2,010$2,640$3,540$4,060
FY 2025$1,590$1,770$2,320$3,100$3,510
FY 2024$1,440$1,620$2,130$2,850$3,250
FY 2023$1,250$1,410$1,850$2,550$2,840

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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93446
93435$2,7200.0%
93442$2,580−5.1%
93443$2,7200.0%
93444$2,890+6.3%
93445$2,410−11.4%
93446Current$2,720—
93447$2,7200.0%
93448$2,7200.0%
93449$3,220+18.4%
93451$2,590−4.8%
93452$2,410−11.4%
93453$2,670−1.8%

Questions about ZIP 93446 rents

How much will Section 8 pay for a two-bedroom in ZIP 93446?

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 $2,720 it would be $2,448 to $2,992. 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 93446 in?

ZIP 93446 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 93446 for FY 2027?

The two-bedroom FMR rose 3.0%, from $2,640 in FY 2026 to $2,720 in FY 2027. Since FY 2023 it has risen 47.0%.

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