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Santa Clara County/Sunnyvale/94087

94087

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

31Below average

095130300
BRFMR
Eff. Rent
0 BR$2,900$2,900
1 BR$3,280$3,190
2 BR$3,860$3,940
3 BR$5,190$5,090
4 BR$5,530$5,830
5 BR$6,359Not available
6 BR$7,313Not available
7 BR$8,410Not available
8 BR$9,672Not available

Purchase Price Calculator

Maximum purchase price
$523,566

Cost breakdown

+Likely effective rent$3,940
HUD FMR$3,860
Market rent$3,980
Est. payment standard (102%)Used$3,940
-Principal and interest-$2,647
Loan amount$418,853
Down payment$104,713
Rate6.50%
Term30 years
-Operating costs-$1,093
Property taxes-$524
Insurance-$175
Utilities$0
HOA$0
Management-$394
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,464(59.7% ROI)
Projected value
$563,823
Return breakdown
Property appreciation+$40,257
Loan principal paid down+$15,006
Rental cash flow+$7,200
5-year hold
+$107,561(102.7% ROI)
Projected value
$592,367
Return breakdown
Property appreciation+$68,801
Loan principal paid down+$26,761
Rental cash flow+$12,000
10-year hold
+$234,408(223.9% ROI)
Projected value
$670,209
Return breakdown
Property appreciation+$146,643
Loan principal paid down+$63,766
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

1 BR
1.03
2 BR
0.97
3 BR
1.02
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94087 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94087 (Sunnyvale, CA) is $3,860 a month. That is down 6.1% from $4,110 in FY 2026. Sunnyvale is in the San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 101 ZIP codes in Santa Clara County, 94087 has the 11th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 94087 is 124% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94087
BedroomsFY 2027Change90–110% range
Studio$2,900−6.1%$2,610–$3,190
1BR$3,280−6.8%$2,952–$3,608
2BR$3,860−6.1%$3,474–$4,246
3BR$5,190−4.4%$4,671–$5,709
4BR$5,530−6.4%$4,977–$6,083

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94087
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,900$3,280$3,860$5,190$5,530
FY 2026$3,090$3,520$4,110$5,430$5,910
FY 2025$2,950$3,370$3,900$5,070$5,520
FY 2024$2,610$2,950$3,430$4,390$4,850
FY 2023$2,380$2,690$3,150$4,020$4,500

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94087
94024$4,030+4.4%
94035$3,270−15.3%
94039$3,270−15.3%
94040$4,050+4.9%
94041$3,710−3.9%
94042$3,270−15.3%
94043$3,670−4.9%
94085$4,020+4.1%
94086$3,610−6.5%
94087Current$3,860—
94088$3,270−15.3%
94089$3,770−2.3%

Questions about ZIP 94087 rents

How much will Section 8 pay for a two-bedroom in ZIP 94087?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,860, that basic range is $3,474 to $4,246 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 94087 in?

ZIP 94087 is in the San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 94087 for FY 2027?

The two-bedroom FMR fell 6.1%, from $4,110 in FY 2026 to $3,860 in FY 2027. Since FY 2023 it has risen 22.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentSunnyvale, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources