94303
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$2,350$2,350
1 BR$2,760$2,760
2 BR$3,300$3,300
3 BR$4,270$4,270
4 BR$4,510$4,510
5 BR$5,187
6 BR$5,964
7 BR$6,859
8 BR$7,888

Market Alignment

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

Studio
Studio
0.87ratio
FMR$2,350
Market$2,710
vs market-$360

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

0.87
1 BR
1 BR
0.74ratio
FMR$2,760
Market$3,720
vs market-$960

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

0.74
2 BR
2 BR
0.74ratio
FMR$3,300
Market$4,460
vs market-$1,160

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

0.74
3 BR
3 BR
0.68ratio
FMR$4,270
Market$6,300
vs market-$2,030

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

0.68
4 BR
4 BR
0.52ratio
FMR$4,510
Market$8,650
vs market-$4,140

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

0.52
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$428,462
Rent
$3,300
Down payment
$85,692
Loan
$342,770
Mortgage
$2,167
Expenses
$933
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 94303 (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.