93905
ZIPSAFMR
Monterey County, CA
BRFMR
Eff. Rent
0 BR$2,180$1,910
1 BR$2,240$2,380
2 BR$2,690$2,750
3 BR$3,630$3,550
4 BR$3,950$4,120
5 BR$4,543
6 BR$5,224
7 BR$6,007
8 BR$6,909

Purchase Price Calculator

Maximum purchase price
$346,732

Cost breakdown

+Likely effective rent$2,750
HUD FMR$2,690
Market rent$2,780
Est. payment standard (102%)Used$2,750
Estimated payment standard is $2,750 (102% of FMR).
-Principal and interest-$1,753
Loan amount$277,386
Down payment$69,346
Rate6.50%
Term30 years
-Operating costs-$797
Property taxes-$347
Insurance-$175
Utilities$0
HOA$0
Management-$275
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,799(63.2% ROI)
Projected value
$373,393
Current value$346,732
Return breakdown
Property appreciation+$26,660
Loan principal paid down+$9,938
Rental cash flow+$7,200
5-year hold
+$75,286(108.6% ROI)
Projected value
$392,296
Current value$346,732
Return breakdown
Property appreciation+$45,563
Loan principal paid down+$17,722
Rental cash flow+$12,000
10-year hold
+$163,343(235.5% ROI)
Projected value
$443,847
Current value$346,732
Return breakdown
Property appreciation+$97,114
Loan principal paid down+$42,229
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
1.14ratio
FMR$2,180
Market$1,910
vs market+$270

FMR is above market; underwrite to market rent.

90% standard$1,962 / 1.03 ratio110% standard$2,398 / 1.26 ratio
1.14
1 BR
1 BR
0.91ratio
FMR$2,240
Market$2,460
vs market-$220

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

90% standard$2,016 / 0.82 ratio110% standard$2,464 / 1.00 ratio
0.91
2 BR
2 BR
0.97ratio
FMR$2,690
Market$2,780
vs market-$90

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

90% standard$2,421 / 0.87 ratio110% standard$2,959 / 1.06 ratio
0.97
3 BR
3 BR
1.02ratio
FMR$3,630
Market$3,550
vs market+$80

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

90% standard$3,267 / 0.92 ratio110% standard$3,993 / 1.12 ratio
1.02
4 BR
4 BR
0.94ratio
FMR$3,950
Market$4,210
vs market-$260

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

90% standard$3,555 / 0.84 ratio110% standard$4,345 / 1.03 ratio
0.94
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 93905 (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.

93905 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93905 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,690 and the 4 bedroom fair market rent is $3,950.

Use this page for searches like 93905 FMR, 93905 fair market rent, and 93905 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 93905
Bedroom sizeHUD FMR
Studio$2,180
1 bedroom$2,240
2 bedroom$2,690
3 bedroom$3,630
4 bedroom$3,950