Skip to main content
Loading page
Monterey County/Marina/93933

93933

ZIPSAFMR
Monterey County, CA
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,970$1,750
1 BR$2,020$2,060
2 BR$2,430$2,670
3 BR$3,270$3,600
4 BR$3,560$3,920
5 BR$4,094Not available
6 BR$4,708Not available
7 BR$5,414Not available
8 BR$6,226Not available

Purchase Price Calculator

Maximum purchase price
$334,844

Cost breakdown

+Likely effective rent$2,670
HUD FMR$2,430
Market rent$3,550
Est. payment standard (110%)Used$2,670
-Principal and interest-$1,693
Loan amount$267,876
Down payment$66,969
Rate6.50%
Term30 years
-Operating costs-$777
Property taxes-$335
Insurance-$175
Utilities$0
HOA$0
Management-$267
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,544(63.5% ROI)
Projected value
$360,591
Return breakdown
Property appreciation+$25,746
Loan principal paid down+$9,597
Rental cash flow+$7,200
5-year hold
+$73,116(109.2% ROI)
Projected value
$378,846
Return breakdown
Property appreciation+$44,001
Loan principal paid down+$17,115
Rental cash flow+$12,000
10-year hold
+$158,566(236.8% ROI)
Projected value
$428,629
Return breakdown
Property appreciation+$93,785
Loan principal paid down+$40,781
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.13
1 BR
0.97
2 BR
0.68
3 BR
0.78
4 BR
0.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93933 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93933 (Marina, CA) is $2,430 a month. That is down 9.7% from $2,690 in FY 2026. Marina is in the Salinas, 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 $2,416. Among 34 ZIP codes in Monterey County, 93933 is tied for the 17th-highest two-bedroom rent (county range $2,430–$3,420). The median county two-bedroom FMR in California is $1,725, so ZIP 93933 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93933
BedroomsFY 2027Change90–110% range
Studio$1,970−9.6%$1,773–$2,167
1BR$2,020−9.8%$1,818–$2,222
2BR$2,430−9.7%$2,187–$2,673
3BR$3,270−9.9%$2,943–$3,597
4BR$3,560−9.9%$3,204–$3,916

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93933
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,970$2,020$2,430$3,270$3,560
FY 2026$2,180$2,240$2,690$3,630$3,950
FY 2025$2,250$2,310$2,780$3,750$4,090
FY 2024$2,170$2,200$2,670$3,700$4,080
FY 2023$2,080$2,160$2,630$3,730$4,070

Two-bedroom rent in nearby Monterey County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93933
93923$2,740+12.8%
93924$2,680+10.3%
93925$2,620+7.8%
93926$2,4300.0%
93927$2,4300.0%
93928$2,4300.0%
93930$2,620+7.8%
93932$2,4300.0%
93933Current$2,430—
93940$2,890+18.9%
93942$2,4300.0%
93943$2,790+14.8%

Questions about ZIP 93933 rents

How much will Section 8 pay for a two-bedroom in ZIP 93933?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,416, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,174 to $2,658 a month; under the ZIP-level Small Area FMR of $2,430 it would be $2,187 to $2,673. 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 93933 in?

ZIP 93933 is in the Salinas, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,416.

How much did fair market rent change in ZIP 93933 for FY 2027?

The two-bedroom FMR fell 9.7%, from $2,690 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has fallen 7.6%.

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