93454
ZIPSAFMR
Santa Barbara County, CA
BRFMR
Eff. Rent
0 BR$2,150$2,370
1 BR$2,420$2,210
2 BR$2,730$2,850
3 BR$3,610$3,600
4 BR$4,030$3,800
5 BR$4,635
6 BR$5,330
7 BR$6,129
8 BR$7,048

Purchase Price Calculator

Maximum purchase price
$361,592

Cost breakdown

+Likely effective rent$2,850
HUD FMR$2,730
Market rent$2,910
Est. payment standard (104%)Used$2,850
Estimated payment standard is $2,850 (104% of FMR).
-Principal and interest-$1,828
Loan amount$289,274
Down payment$72,318
Rate6.50%
Term30 years
-Operating costs-$822
Property taxes-$362
Insurance-$175
Utilities$0
HOA$0
Management-$285
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,367(62.7% ROI)
Projected value
$389,395
Current value$361,592
Return breakdown
Property appreciation+$27,803
Loan principal paid down+$10,364
Rental cash flow+$7,200
5-year hold
+$77,998(107.9% ROI)
Projected value
$409,109
Current value$361,592
Return breakdown
Property appreciation+$47,516
Loan principal paid down+$18,482
Rental cash flow+$12,000
10-year hold
+$169,315(234.1% ROI)
Projected value
$462,869
Current value$361,592
Return breakdown
Property appreciation+$101,276
Loan principal paid down+$44,039
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
0.73ratio
FMR$2,150
Market$2,940
vs market-$790

FMR is below market; voucher rent may lag private rents.

90% standard$1,935 / 0.66 ratio110% standard$2,365 / 0.80 ratio
0.73
1 BR
1 BR
1.10ratio
FMR$2,420
Market$2,210
vs market+$210

FMR is near market; voucher and private rents are aligned.

90% standard$2,178 / 0.99 ratio110% standard$2,662 / 1.20 ratio
1.10
2 BR
2 BR
0.94ratio
FMR$2,730
Market$2,910
vs market-$180

FMR is near market; voucher and private rents are aligned.

90% standard$2,457 / 0.84 ratio110% standard$3,003 / 1.03 ratio
0.94
3 BR
3 BR
1.00ratio
FMR$3,610
Market$3,600
vs market+$10

FMR is near market; voucher and private rents are aligned.

90% standard$3,249 / 0.90 ratio110% standard$3,971 / 1.10 ratio
1.00
4 BR
4 BR
1.06ratio
FMR$4,030
Market$3,800
vs market+$230

FMR is near market; voucher and private rents are aligned.

90% standard$3,627 / 0.95 ratio110% standard$4,433 / 1.17 ratio
1.06
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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 93454 (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.

93454 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93454 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,730 and the 4 bedroom fair market rent is $4,030.

Use this page for searches like 93454 FMR, 93454 fair market rent, and 93454 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 93454
Bedroom sizeHUD FMR
Studio$2,150
1 bedroom$2,420
2 bedroom$2,730
3 bedroom$3,610
4 bedroom$4,030