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$4,470
3 BR$5,730$6,010
4 BR$6,240$6,860
5 BR$7,176
6 BR$8,252
7 BR$9,490
8 BR$10,914

Purchase Price Calculator

Maximum purchase price
$602,324

Cost breakdown

+Likely effective rent$4,470
HUD FMR$4,340
Market rent$4,540
Est. payment standard (103%)Used$4,470
Estimated payment standard is $4,470 (103% of FMR).
-Principal and interest-$3,046
Loan amount$481,859
Down payment$120,465
Rate6.50%
Term30 years
-Operating costs-$1,224
Property taxes-$602
Insurance-$175
Utilities$0
HOA$0
Management-$447
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$70,777(58.8% ROI)
Projected value
$648,637
Current value$602,324
Return breakdown
Property appreciation+$46,313
Loan principal paid down+$17,264
Rental cash flow+$7,200
5-year hold
+$121,936(101.2% ROI)
Projected value
$681,474
Current value$602,324
Return breakdown
Property appreciation+$79,150
Loan principal paid down+$30,786
Rental cash flow+$12,000
10-year hold
+$266,059(220.9% ROI)
Projected value
$771,025
Current value$602,324
Return breakdown
Property appreciation+$168,702
Loan principal paid down+$73,358
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
1.10ratio
FMR$3,260
Market$2,960
vs market+$300

FMR is above market; underwrite to market rent.

90% standard$2,934 / 0.99 ratio110% standard$3,586 / 1.21 ratio
1.10
1 BR
1 BR
1.13ratio
FMR$3,710
Market$3,280
vs market+$430

FMR is above market; underwrite to market rent.

90% standard$3,339 / 1.02 ratio110% standard$4,081 / 1.24 ratio
1.13
2 BR
2 BR
0.96ratio
FMR$4,340
Market$4,540
vs market-$200

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

90% standard$3,906 / 0.86 ratio110% standard$4,774 / 1.05 ratio
0.96
3 BR
3 BR
0.93ratio
FMR$5,730
Market$6,160
vs market-$430

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

90% standard$5,157 / 0.84 ratio110% standard$6,303 / 1.02 ratio
0.93
4 BR
4 BR
0.77ratio
FMR$6,240
Market$8,130
vs market-$1,890

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

90% standard$5,616 / 0.69 ratio110% standard$6,864 / 0.84 ratio
0.77
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 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.

94024 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94024 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,340 and the 4 bedroom fair market rent is $6,240.

Use this page for searches like 94024 FMR, 94024 fair market rent, and 94024 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 94024
Bedroom sizeHUD FMR
Studio$3,260
1 bedroom$3,710
2 bedroom$4,340
3 bedroom$5,730
4 bedroom$6,240