94304
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$3,210$2,920
1 BR$3,650$3,440
2 BR$4,260$4,530
3 BR$5,630$6,190
4 BR$6,130$6,740
5 BR$7,049
6 BR$8,107
7 BR$9,323
8 BR$10,721

Purchase Price Calculator

Maximum purchase price
$611,240

Cost breakdown

+Likely effective rent$4,530
HUD FMR$4,260
Market rent$4,680
Est. payment standard (106%)Used$4,530
Estimated payment standard is $4,530 (106% of FMR).
-Principal and interest-$3,091
Loan amount$488,992
Down payment$122,248
Rate6.50%
Term30 years
-Operating costs-$1,239
Property taxes-$611
Insurance-$175
Utilities$0
HOA$0
Management-$453
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$71,718(58.7% ROI)
Projected value
$658,238
Current value$611,240
Return breakdown
Property appreciation+$46,999
Loan principal paid down+$17,519
Rental cash flow+$7,200
5-year hold
+$123,564(101.1% ROI)
Projected value
$691,562
Current value$611,240
Return breakdown
Property appreciation+$80,322
Loan principal paid down+$31,242
Rental cash flow+$12,000
10-year hold
+$269,642(220.6% ROI)
Projected value
$782,438
Current value$611,240
Return breakdown
Property appreciation+$171,199
Loan principal paid down+$74,443
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$3,210
Market$2,920
vs market+$290

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

90% standard$2,889 / 0.99 ratio110% standard$3,531 / 1.21 ratio
1.10
1 BR
1 BR
1.06ratio
FMR$3,650
Market$3,440
vs market+$210

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

90% standard$3,285 / 0.95 ratio110% standard$4,015 / 1.17 ratio
1.06
2 BR
2 BR
0.91ratio
FMR$4,260
Market$4,680
vs market-$420

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

90% standard$3,834 / 0.82 ratio110% standard$4,686 / 1.00 ratio
0.91
3 BR
3 BR
0.81ratio
FMR$5,630
Market$6,970
vs market-$1,340

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

90% standard$5,067 / 0.73 ratio110% standard$6,193 / 0.89 ratio
0.81
4 BR
4 BR
0.66ratio
FMR$6,130
Market$9,290
vs market-$3,160

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

90% standard$5,517 / 0.59 ratio110% standard$6,743 / 0.73 ratio
0.66
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

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 94304 (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.

94304 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 94304 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,260 and the 4 bedroom fair market rent is $6,130.

Use this page for searches like 94304 FMR, 94304 fair market rent, and 94304 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 94304
Bedroom sizeHUD FMR
Studio$3,210
1 bedroom$3,650
2 bedroom$4,260
3 bedroom$5,630
4 bedroom$6,130