93908
ZIPSAFMR
Monterey County, CA
BRFMR
Eff. Rent
0 BR$2,850$1,890
1 BR$2,880$2,520
2 BR$3,510$2,860
3 BR$4,860$3,740
4 BR$5,350$4,230
5 BR$6,152
6 BR$7,075
7 BR$8,137
8 BR$9,357

Purchase Price Calculator

Maximum purchase price
$363,078

Cost breakdown

+Likely effective rent$2,860
HUD FMR$3,510
Market rentUsed$2,860
Est. payment standard (90%)$3,160
Market rent is below the inferred standard ($3,160, 90% of FMR).
-Principal and interest-$1,836
Loan amount$290,463
Down payment$72,616
Rate6.50%
Term30 years
-Operating costs-$824
Property taxes-$363
Insurance-$175
Utilities$0
HOA$0
Management-$286
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$45,524(62.7% ROI)
Projected value
$390,996
Current value$363,078
Return breakdown
Property appreciation+$27,917
Loan principal paid down+$10,407
Rental cash flow+$7,200
5-year hold
+$78,269(107.8% ROI)
Projected value
$410,790
Current value$363,078
Return breakdown
Property appreciation+$47,711
Loan principal paid down+$18,558
Rental cash flow+$12,000
10-year hold
+$169,912(234.0% ROI)
Projected value
$464,771
Current value$363,078
Return breakdown
Property appreciation+$101,693
Loan principal paid down+$44,220
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
1.51ratio
FMR$2,850
Market$1,890
vs market+$960

FMR is above market; underwrite to market rent.

90% standard$2,565 / 1.36 ratio110% standard$3,135 / 1.66 ratio
1.51
1 BR
1 BR
1.14ratio
FMR$2,880
Market$2,520
vs market+$360

FMR is above market; underwrite to market rent.

90% standard$2,592 / 1.03 ratio110% standard$3,168 / 1.26 ratio
1.14
2 BR
2 BR
1.23ratio
FMR$3,510
Market$2,860
vs market+$650

FMR is above market; underwrite to market rent.

90% standard$3,159 / 1.10 ratio110% standard$3,861 / 1.35 ratio
1.23
3 BR
3 BR
1.30ratio
FMR$4,860
Market$3,740
vs market+$1,120

FMR is above market; underwrite to market rent.

90% standard$4,374 / 1.17 ratio110% standard$5,346 / 1.43 ratio
1.30
4 BR
4 BR
1.26ratio
FMR$5,350
Market$4,230
vs market+$1,120

FMR is above market; underwrite to market rent.

90% standard$4,815 / 1.14 ratio110% standard$5,885 / 1.39 ratio
1.26
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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 93908 (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.

93908 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93908 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,510 and the 4 bedroom fair market rent is $5,350.

Use this page for searches like 93908 FMR, 93908 fair market rent, and 93908 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 93908
Bedroom sizeHUD FMR
Studio$2,850
1 bedroom$2,880
2 bedroom$3,510
3 bedroom$4,860
4 bedroom$5,350