93962
ZIPSAFMR
Monterey County, CA
BRFMR
Eff. Rent
0 BR$2,850$1,900
1 BR$2,880$2,360
2 BR$3,510$2,990
3 BR$4,860$3,750
4 BR$5,350$4,400
5 BR$6,152
6 BR$7,075
7 BR$8,137
8 BR$9,357

Purchase Price Calculator

Maximum purchase price
$382,396

Cost breakdown

+Likely effective rent$2,990
HUD FMR$3,510
Market rentUsed$2,990
Est. payment standard (90%)$3,170
Market rent is below the inferred standard ($3,170, 90% of FMR).
-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
Current value$382,396
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
Current value$382,396
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
Current value$382,396
Return breakdown
Property appreciation+$107,103
Loan principal paid down+$46,572
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
1.50ratio
FMR$2,850
Market$1,900
vs market+$950

FMR is above market; underwrite to market rent.

90% standard$2,565 / 1.35 ratio110% standard$3,135 / 1.65 ratio
1.50
1 BR
1 BR
1.22ratio
FMR$2,880
Market$2,360
vs market+$520

FMR is above market; underwrite to market rent.

90% standard$2,592 / 1.10 ratio110% standard$3,168 / 1.34 ratio
1.22
2 BR
2 BR
1.17ratio
FMR$3,510
Market$2,990
vs market+$520

FMR is above market; underwrite to market rent.

90% standard$3,159 / 1.06 ratio110% standard$3,861 / 1.29 ratio
1.17
3 BR
3 BR
1.30ratio
FMR$4,860
Market$3,750
vs market+$1,110

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
1.22ratio
FMR$5,350
Market$4,400
vs market+$950

FMR is above market; underwrite to market rent.

90% standard$4,815 / 1.09 ratio110% standard$5,885 / 1.34 ratio
1.22
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 93962 (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.

93962 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 93962 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 93962 FMR, 93962 fair market rent, and 93962 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 93962
Bedroom sizeHUD FMR
Studio$2,850
1 bedroom$2,880
2 bedroom$3,510
3 bedroom$4,860
4 bedroom$5,350