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Santa Barbara County/Santa Maria/93458

93458

ZIPSAFMR
Santa Barbara County, CA
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$2,310$1,940
1 BR$2,520$1,990
2 BR$2,890$2,450
3 BR$3,710$3,110
4 BR$4,240$3,680
5 BR$4,876Not available
6 BR$5,607Not available
7 BR$6,449Not available
8 BR$7,416Not available

Purchase Price Calculator

Maximum purchase price
$302,153

Cost breakdown

+Likely effective rent$2,450
HUD FMR$2,890
Market rentUsed$2,450
Est. payment standard (90%)$2,600
-Principal and interest-$1,528
Loan amount$241,722
Down payment$60,431
Rate6.50%
Term30 years
-Operating costs-$722
Property taxes-$302
Insurance-$175
Utilities$0
HOA$0
Management-$245
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$39,093(64.7% ROI)
Projected value
$325,385
Return breakdown
Property appreciation+$23,233
Loan principal paid down+$8,660
Rental cash flow+$7,200
5-year hold
+$67,149(111.1% ROI)
Projected value
$341,858
Return breakdown
Property appreciation+$39,705
Loan principal paid down+$15,444
Rental cash flow+$12,000
10-year hold
+$145,428(240.7% ROI)
Projected value
$386,781
Return breakdown
Property appreciation+$84,628
Loan principal paid down+$36,799
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.27
2 BR
1.18
3 BR
1.19
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93458 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93458 (Santa Maria, CA) is $2,890 a month. That is up 1.4% from $2,850 in FY 2026. Santa Maria 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, 93458 has the 34th-highest two-bedroom rent (county range $2,820–$4,360). The median county two-bedroom FMR in California is $1,725, so ZIP 93458 is 68% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93458
BedroomsFY 2027Change90–110% range
Studio$2,310+3.1%$2,079–$2,541
1BR$2,520+0.8%$2,268–$2,772
2BR$2,890+1.4%$2,601–$3,179
3BR$3,710−0.3%$3,339–$4,081
4BR$4,2400.0%$3,816–$4,664

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93458
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,310$2,520$2,890$3,710$4,240
FY 2026$2,240$2,500$2,850$3,720$4,240
FY 2025$2,100$2,390$2,700$3,600$4,080
FY 2024$1,960$2,230$2,520$3,360$3,810
FY 2023$1,760$2,030$2,300$3,040$3,450

Two-bedroom rent in nearby Santa Barbara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93458
93437$3,720+28.7%
93438$3,110+7.6%
93440$2,980+3.1%
93441$3,560+23.2%
93454$2,820−2.4%
93455$3,410+18.0%
93456$3,110+7.6%
93457$3,110+7.6%
93458Current$2,890—
93460$4,180+44.6%
93463$2,820−2.4%
93464$3,110+7.6%

Questions about ZIP 93458 rents

How much will Section 8 pay for a two-bedroom in ZIP 93458?

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 $2,890 it would be $2,601 to $3,179. 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 93458 in?

ZIP 93458 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 93458 for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,850 in FY 2026 to $2,890 in FY 2027. Since FY 2023 it has risen 25.7%.

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 rentSanta Maria, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources