FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR
0.94ratio
FMR$2,080
Market$2,210
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR
0.95ratio
FMR$2,720
Market$2,850
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR
1.06ratio
FMR$3,630
Market$3,420
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR
1.01ratio
FMR$4,210
Market$4,170
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.01
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 93475 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93475 (Oceano, CA) is $2,720 a month. That is up 1.9% from $2,670 in FY 2026. Oceano 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, 93475 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 93475 is 58% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 93475
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,840
$1,890
+2.7%
$1,701–$2,079
1BR
$2,030
$2,080
+2.5%
$1,872–$2,288
2BR
$2,670
$2,720
+1.9%
$2,448–$2,992
3BR
$3,580
$3,630
+1.4%
$3,267–$3,993
4BR
$4,100
$4,210
+2.7%
$3,789–$4,631
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 93475
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$2,080
$2,720
$3,630
$4,210
FY 2026
$1,840
$2,030
$2,670
$3,580
$4,100
FY 2025
$1,670
$1,850
$2,430
$3,240
$3,680
FY 2024
$1,540
$1,730
$2,270
$3,040
$3,460
FY 2023
$1,400
$1,560
$2,060
$2,840
$3,160
Two-bedroom rent in nearby San Luis Obispo County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 93475?
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 93475 in?
ZIP 93475 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 93475 for FY 2027?
The two-bedroom FMR rose 1.9%, from $2,670 in FY 2026 to $2,720 in FY 2027. Since FY 2023 it has risen 32.0%.
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