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Monterey County/San Ardo/93450

93450

ZIPSAFMR
Monterey County, CA
Zillow

ZIP Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$1,970$1,970
1 BR$2,020$2,020
2 BR$2,430$2,430
3 BR$3,270$3,270
4 BR$3,560$3,560
5 BR$4,094Not available
6 BR$4,708Not available
7 BR$5,414Not available
8 BR$6,226Not available

Purchase Price Calculator

Maximum purchase price
$299,181

Cost breakdown

+Likely effective rent$2,430
HUD FMRUsed$2,430
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,513
Loan amount$239,344
Down payment$59,836
Rate6.50%
Term30 years
-Operating costs-$717
Property taxes-$299
Insurance-$175
Utilities$0
HOA$0
Management-$243
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,779(64.8% ROI)
Projected value
$322,185
Return breakdown
Property appreciation+$23,004
Loan principal paid down+$8,575
Rental cash flow+$7,200
5-year hold
+$66,607(111.3% ROI)
Projected value
$338,495
Return breakdown
Property appreciation+$39,315
Loan principal paid down+$15,292
Rental cash flow+$12,000
10-year hold
+$144,233(241.0% ROI)
Projected value
$382,976
Return breakdown
Property appreciation+$83,796
Loan principal paid down+$36,437
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 93450 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93450 (San Ardo, CA) is $2,430 a month. That is down 9.7% from $2,690 in FY 2026. San Ardo is in the Salinas, 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 $2,416. Among 34 ZIP codes in Monterey County, 93450 is tied for the 17th-highest two-bedroom rent (county range $2,430–$3,420). The median county two-bedroom FMR in California is $1,725, so ZIP 93450 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93450
BedroomsFY 2027Change90–110% range
Studio$1,970−9.6%$1,773–$2,167
1BR$2,020−9.8%$1,818–$2,222
2BR$2,430−9.7%$2,187–$2,673
3BR$3,270−9.9%$2,943–$3,597
4BR$3,560−9.9%$3,204–$3,916

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93450
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,970$2,020$2,430$3,270$3,560
FY 2026$2,180$2,240$2,690$3,630$3,950
FY 2025$2,110$2,140$2,600$3,600$3,960
FY 2024$1,960$1,980$2,410$3,420$3,730
FY 2023$1,780$1,850$2,260$3,200$3,500

Two-bedroom rent in nearby Monterey County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93450
93450Current$2,430—
93901$2,4300.0%
93902$2,4300.0%
93905$2,4300.0%
93906$2,510+3.3%
93907$2,540+4.5%
93908$3,160+30.0%
93912$2,4300.0%
93915$2,4300.0%
93920$2,4300.0%
93921$3,420+40.7%
93922$2,4300.0%

Questions about ZIP 93450 rents

How much will Section 8 pay for a two-bedroom in ZIP 93450?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,416, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,174 to $2,658 a month; under the ZIP-level Small Area FMR of $2,430 it would be $2,187 to $2,673. 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 93450 in?

ZIP 93450 is in the Salinas, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,416.

How much did fair market rent change in ZIP 93450 for FY 2027?

The two-bedroom FMR fell 9.7%, from $2,690 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 7.5%.

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