94022
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$3,160$3,280
1 BR$3,540$3,630
2 BR$4,190$4,610
3 BR$5,510$6,060
4 BR$5,970$6,570
5 BR$6,865
6 BR$7,895
7 BR$9,080
8 BR$10,442

Purchase Price Calculator

Maximum purchase price
$623,128

Cost breakdown

+Likely effective rent$4,610
HUD FMR$4,190
Market rent$5,220
Est. payment standard (110%)Used$4,610
Estimated payment standard is $4,610 (110% of FMR).
-Principal and interest-$3,151
Loan amount$498,502
Down payment$124,626
Rate6.50%
Term30 years
-Operating costs-$1,259
Property taxes-$623
Insurance-$175
Utilities$0
HOA$0
Management-$461
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$72,973(58.6% ROI)
Projected value
$671,040
Current value$623,128
Return breakdown
Property appreciation+$47,913
Loan principal paid down+$17,860
Rental cash flow+$7,200
5-year hold
+$125,733(100.9% ROI)
Projected value
$705,012
Current value$623,128
Return breakdown
Property appreciation+$81,884
Loan principal paid down+$31,849
Rental cash flow+$12,000
10-year hold
+$274,420(220.2% ROI)
Projected value
$797,656
Current value$623,128
Return breakdown
Property appreciation+$174,528
Loan principal paid down+$75,891
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
0.94ratio
FMR$3,160
Market$3,350
vs market-$190

FMR is near market; voucher and private rents are aligned.

90% standard$2,844 / 0.85 ratio110% standard$3,476 / 1.04 ratio
0.94
1 BR
1 BR
0.96ratio
FMR$3,540
Market$3,680
vs market-$140

FMR is near market; voucher and private rents are aligned.

90% standard$3,186 / 0.87 ratio110% standard$3,894 / 1.06 ratio
0.96
2 BR
2 BR
0.80ratio
FMR$4,190
Market$5,220
vs market-$1,030

FMR is below market; voucher rent may lag private rents.

90% standard$3,771 / 0.72 ratio110% standard$4,609 / 0.88 ratio
0.80
3 BR
3 BR
0.83ratio
FMR$5,510
Market$6,610
vs market-$1,100

FMR is below market; voucher rent may lag private rents.

90% standard$4,959 / 0.75 ratio110% standard$6,061 / 0.92 ratio
0.83
4 BR
4 BR
0.73ratio
FMR$5,970
Market$8,150
vs market-$2,180

FMR is below market; voucher rent may lag private rents.

90% standard$5,373 / 0.66 ratio110% standard$6,567 / 0.81 ratio
0.73
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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 94022 (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.

94022 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94022 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,190 and the 4 bedroom fair market rent is $5,970.

Use this page for searches like 94022 FMR, 94022 fair market rent, and 94022 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 94022
Bedroom sizeHUD FMR
Studio$3,160
1 bedroom$3,540
2 bedroom$4,190
3 bedroom$5,510
4 bedroom$5,970