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Monterey County/Pebble Beach/93953

93953

ZIPSAFMR
Monterey County, CA
Zillow

ZIP Investment Score

28Below average

095130300
BRFMR
Eff. Rent
0 BR$2,570$2,430
1 BR$2,600$2,640
2 BR$3,160$3,480
3 BR$4,380$4,480
4 BR$4,820$5,220
5 BR$5,543Not available
6 BR$6,374Not available
7 BR$7,331Not available
8 BR$8,430Not available

Purchase Price Calculator

Maximum purchase price
$455,210

Cost breakdown

+Likely effective rent$3,480
HUD FMR$3,160
Market rent$4,020
Est. payment standard (110%)Used$3,480
-Principal and interest-$2,302
Loan amount$364,168
Down payment$91,042
Rate6.50%
Term30 years
-Operating costs-$978
Property taxes-$455
Insurance-$175
Utilities$0
HOA$0
Management-$348
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$55,249(60.7% ROI)
Projected value
$490,211
Return breakdown
Property appreciation+$35,001
Loan principal paid down+$13,047
Rental cash flow+$7,200
5-year hold
+$95,085(104.4% ROI)
Projected value
$515,028
Return breakdown
Property appreciation+$59,818
Loan principal paid down+$23,267
Rental cash flow+$12,000
10-year hold
+$206,938(227.3% ROI)
Projected value
$582,707
Return breakdown
Property appreciation+$127,497
Loan principal paid down+$55,440
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.06
1 BR
0.98
2 BR
0.79
3 BR
0.97
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93953 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93953 (Pebble Beach, CA) is $3,160 a month. That is down 10.0% from $3,510 in FY 2026. Pebble Beach 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, 93953 is tied for the 3rd-highest two-bedroom rent (county range $2,430–$3,420). The median county two-bedroom FMR in California is $1,725, so ZIP 93953 is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93953
BedroomsFY 2027Change90–110% range
Studio$2,570−9.8%$2,313–$2,827
1BR$2,600−9.7%$2,340–$2,860
2BR$3,160−10.0%$2,844–$3,476
3BR$4,380−9.9%$3,942–$4,818
4BR$4,820−9.9%$4,338–$5,302

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 93953
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,570$2,600$3,160$4,380$4,820
FY 2026$2,850$2,880$3,510$4,860$5,350
FY 2025$3,160$3,200$3,890$5,400$5,940
FY 2024$3,510$3,550$4,320$5,990$6,600
FY 2023$3,170$3,290$4,010$5,680$6,210

Two-bedroom rent in nearby Monterey County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 93953
93932$2,430−23.1%
93933$2,430−23.1%
93940$2,890−8.5%
93942$2,430−23.1%
93943$2,790−11.7%
93944$3,000−5.1%
93950$3,210+1.6%
93953Current$3,160—
93954$2,430−23.1%
93955$2,550−19.3%
93960$2,430−23.1%
93962$3,1600.0%

Questions about ZIP 93953 rents

How much will Section 8 pay for a two-bedroom in ZIP 93953?

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 $3,160 it would be $2,844 to $3,476. 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 93953 in?

ZIP 93953 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 93953 for FY 2027?

The two-bedroom FMR fell 10.0%, from $3,510 in FY 2026 to $3,160 in FY 2027. Since FY 2023 it has fallen 21.2%.

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