94024
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$3,260$2,960
1 BR$3,710$3,280
2 BR$4,340$4,340
3 BR$5,730$5,730
4 BR$6,240$6,240
5 BR$7,176
6 BR$8,252
7 BR$9,490
8 BR$10,914

Market Alignment

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

Studio
Studio
1.10ratio
FMR$3,260
Market$2,960
vs market+$300

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

1.10
1 BR
1 BR
1.13ratio
FMR$3,710
Market$3,280
vs market+$430

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

1.13
2 BR
2 BR
0.96ratio
FMR$4,340
Market$4,540
vs market-$200

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

0.96
3 BR
3 BR
0.93ratio
FMR$5,730
Market$6,160
vs market-$430

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

0.93
4 BR
4 BR
0.77ratio
FMR$6,240
Market$8,130
vs market-$1,890

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.77
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$583,006
Rent
$4,340
Down payment
$116,601
Loan
$466,405
Mortgage
$2,948
Expenses
$1,192
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94024 (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.