93581

ZIPSAFMR

Kern County, CA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,300	$1,430	10.6%
1 BR	$1,310	$1,440	10.5%
2 BR	$1,700	$1,840	10.5%
3 BR	$2,350	$2,220	9.7%
4 BR	$2,840	$2,320	9.9%
5 BR	$3,266	Not available	9.9%
6 BR	$3,756	Not available	9.9%
7 BR	$4,319	Not available	9.9%
8 BR	$4,967	Not available	9.9%

Purchase Price Calculator

Maximum purchase price

$211,507

Cost breakdown

+Likely effective rent$1,840

HUD FMR$1,700

Market rent$1,920

Est. payment standard (108%)Used$1,840

-Principal and interest-$1,069

Loan amount$169,205

Down payment$42,301

Rate6.50%

Term30 years

-Operating costs-$571

Property taxes-$212

Insurance-$175

Utilities$0

HOA$0

Management-$184

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$29,525(69.8% ROI)

Projected value

$227,770

Return breakdown

Property appreciation+$16,263

Loan principal paid down+$6,062

Rental cash flow+$7,200

5-year hold

+$50,604(119.6% ROI)

Projected value

$239,300

Return breakdown

Property appreciation+$27,794

Loan principal paid down+$10,811

Rental cash flow+$12,000

10-year hold

+$108,999(257.7% ROI)

Projected value

$270,747

Return breakdown

Property appreciation+$59,240

Loan principal paid down+$25,760

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.71ratio

FMR$1,300

Market$1,830

vs market-$530

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

0.71

1 BR

0.72ratio

FMR$1,310

Market$1,820

vs market-$510

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

0.72

2 BR

0.89ratio

FMR$1,700

Market$1,920

vs market-$220

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

0.89

3 BR

1.06ratio

FMR$2,350

Market$2,220

vs market+$130

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

1.06

4 BR

1.22ratio

FMR$2,840

Market$2,320

vs market+$520

FMR is above market; underwrite to market rent.

1.22

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 93581 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93581 (Tehachapi, CA) is $1,700 a month. That is up 11.1% from $1,530 in FY 2026. Tehachapi is in the Bakersfield-Delano, 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 $1,656. Among 64 ZIP codes in Kern County, 93581 is tied for the 18th-highest two-bedroom rent (county range $1,340–$2,480). The median county two-bedroom FMR in California is $1,725, so ZIP 93581 is 1% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93581
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,170	$1,300	+11.1%	$1,170–$1,430
1BR	$1,180	$1,310	+11.0%	$1,179–$1,441
2BR	$1,530	$1,700	+11.1%	$1,530–$1,870
3BR	$2,130	$2,350	+10.3%	$2,115–$2,585
4BR	$2,570	$2,840	+10.5%	$2,556–$3,124

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93581
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,300	$1,310	$1,700	$2,350	$2,840
FY 2026	$1,170	$1,180	$1,530	$2,130	$2,570
FY 2025	$1,100	$1,110	$1,440	$2,020	$2,420
FY 2024	$960	$970	$1,260	$1,780	$2,140
FY 2023	$870	$870	$1,140	$1,620	$1,940

Two-bedroom rent in nearby Kern County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 93581
93519	$1,590	−6.5%
93523	$2,480	+45.9%
93524	$2,480	+45.9%
93527	$1,370	−19.4%
93528	$1,660	−2.4%
93531	$1,750	+2.9%
93554	$1,660	−2.4%
93555	$1,990	+17.1%
93556	$1,660	−2.4%
93560	$1,870	+10.0%
93561	$1,700	0.0%
93581Current	$1,700	—

Questions about ZIP 93581 rents

How much will Section 8 pay for a two-bedroom in ZIP 93581?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,656, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,490 to $1,822 a month; under the ZIP-level Small Area FMR of $1,700 it would be $1,530 to $1,870. 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 93581 in?

ZIP 93581 is in the Bakersfield-Delano, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,656.

How much did fair market rent change in ZIP 93581 for FY 2027?

The two-bedroom FMR rose 11.1%, from $1,530 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 49.1%.

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 rent Tehachapi, CA fair market rent CA statewide rents What is SAFMR?Data sources