93940
ZIPSAFMR
Monterey County, CA
BRFMR
Eff. Rent
0 BR$2,600$2,150
1 BR$2,670$2,460
2 BR$3,210$3,130
3 BR$4,320$4,270
4 BR$4,710$4,710
5 BR$5,417
6 BR$6,229
7 BR$7,163
8 BR$8,238

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.21ratio
FMR$2,600
Market$2,150
vs market+$450

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.21
1 BR
1 BR
1.09ratio
FMR$2,670
Market$2,460
vs market+$210

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.09
2 BR
2 BR
1.03ratio
FMR$3,210
Market$3,130
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.03
3 BR
3 BR
1.01ratio
FMR$4,320
Market$4,270
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.01
4 BR
4 BR
0.98ratio
FMR$4,710
Market$4,810
vs market-$100

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.98
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$415,088
Rent
$3,210
Down payment
$83,018
Loan
$332,071
Mortgage
$2,099
Expenses
$911
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 93940 (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.