94040
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$3,200$2,620
1 BR$3,640$3,320
2 BR$4,250$4,450
3 BR$5,620$5,960
4 BR$6,110$6,720
5 BR$7,026
6 BR$8,080
7 BR$9,293
8 BR$10,686

Purchase Price Calculator

Maximum purchase price
$599,352

Cost breakdown

+Likely effective rent$4,450
HUD FMR$4,250
Market rent$4,560
Est. payment standard (105%)Used$4,450
Estimated payment standard is $4,450 (105% of FMR).
-Principal and interest-$3,031
Loan amount$479,481
Down payment$119,870
Rate6.50%
Term30 years
-Operating costs-$1,219
Property taxes-$599
Insurance-$175
Utilities$0
HOA$0
Management-$445
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$70,463(58.8% ROI)
Projected value
$645,436
Current value$599,352
Return breakdown
Property appreciation+$46,085
Loan principal paid down+$17,179
Rental cash flow+$7,200
5-year hold
+$121,394(101.3% ROI)
Projected value
$678,111
Current value$599,352
Return breakdown
Property appreciation+$78,760
Loan principal paid down+$30,634
Rental cash flow+$12,000
10-year hold
+$264,865(221.0% ROI)
Projected value
$767,221
Current value$599,352
Return breakdown
Property appreciation+$167,869
Loan principal paid down+$72,996
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
1.22ratio
FMR$3,200
Market$2,620
vs market+$580

FMR is above market; underwrite to market rent.

90% standard$2,880 / 1.10 ratio110% standard$3,520 / 1.34 ratio
1.22
1 BR
1 BR
1.10ratio
FMR$3,640
Market$3,320
vs market+$320

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

90% standard$3,276 / 0.99 ratio110% standard$4,004 / 1.21 ratio
1.10
2 BR
2 BR
0.93ratio
FMR$4,250
Market$4,560
vs market-$310

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

90% standard$3,825 / 0.84 ratio110% standard$4,675 / 1.03 ratio
0.93
3 BR
3 BR
0.91ratio
FMR$5,620
Market$6,150
vs market-$530

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

90% standard$5,058 / 0.82 ratio110% standard$6,182 / 1.01 ratio
0.91
4 BR
4 BR
0.80ratio
FMR$6,110
Market$7,670
vs market-$1,560

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

90% standard$5,499 / 0.72 ratio110% standard$6,721 / 0.88 ratio
0.80
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 94040 (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.

94040 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94040 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,250 and the 4 bedroom fair market rent is $6,110.

Use this page for searches like 94040 FMR, 94040 fair market rent, and 94040 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 94040
Bedroom sizeHUD FMR
Studio$3,200
1 bedroom$3,640
2 bedroom$4,250
3 bedroom$5,620
4 bedroom$6,110