Skip to main content
Loading page
Monterey County/Spreckels/93962

93962

ZIPSAFMR
Monterey County, CA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$2,570$1,900
1 BR$2,600$2,360
2 BR$3,160$2,990
3 BR$4,380$3,750
4 BR$4,820$4,400
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
$382,396

Cost breakdown

+Likely effective rent$2,990
HUD FMR$3,160
Market rentUsed$2,990
Est. payment standard (97%)$3,050
-Principal and interest-$1,934
Loan amount$305,917
Down payment$76,479
Rate6.50%
Term30 years
-Operating costs-$856
Property taxes-$382
Insurance-$175
Utilities$0
HOA$0
Management-$299
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,563(62.2% ROI)
Projected value
$411,799
Return breakdown
Property appreciation+$29,403
Loan principal paid down+$10,960
Rental cash flow+$7,200
5-year hold
+$81,795(107.0% ROI)
Projected value
$432,646
Return breakdown
Property appreciation+$50,250
Loan principal paid down+$19,545
Rental cash flow+$12,000
10-year hold
+$177,676(232.3% ROI)
Projected value
$489,500
Return breakdown
Property appreciation+$107,103
Loan principal paid down+$46,572
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.35
1 BR
1.10
2 BR
1.06
3 BR
1.17
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 93962 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 93962 (Spreckels, CA) is $3,160 a month. That is down 10.0% from $3,510 in FY 2026. Spreckels 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, 93962 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 93962 is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 93962
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 93962
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. 93962
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%
93953$3,1600.0%
93954$2,430−23.1%
93955$2,550−19.3%
93960$2,430−23.1%
93962Current$3,160—

Questions about ZIP 93962 rents

How much will Section 8 pay for a two-bedroom in ZIP 93962?

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 93962 in?

ZIP 93962 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 93962 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 rentSpreckels, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources