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Santa Clara County/Stanford/94305

94305

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

16Below average

095130300
BRFMR
Eff. Rent
0 BR$1,750$1,930
1 BR$1,980$2,180
2 BR$2,290$2,520
3 BR$2,970$3,270
4 BR$3,240$3,560
5 BR$3,726Not available
6 BR$4,285Not available
7 BR$4,928Not available
8 BR$5,667Not available

Purchase Price Calculator

Maximum purchase price
$312,554

Cost breakdown

+Likely effective rent$2,520
HUD FMR$2,290
Market rent$4,640
Est. payment standard (110%)Used$2,520
-Principal and interest-$1,580
Loan amount$250,044
Down payment$62,511
Rate6.50%
Term30 years
-Operating costs-$740
Property taxes-$313
Insurance-$175
Utilities$0
HOA$0
Management-$252
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,191(64.3% ROI)
Projected value
$336,587
Return breakdown
Property appreciation+$24,033
Loan principal paid down+$8,958
Rental cash flow+$7,200
5-year hold
+$69,048(110.5% ROI)
Projected value
$353,627
Return breakdown
Property appreciation+$41,072
Loan principal paid down+$15,975
Rental cash flow+$12,000
10-year hold
+$149,608(239.3% ROI)
Projected value
$400,096
Return breakdown
Property appreciation+$87,542
Loan principal paid down+$38,066
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.60
1 BR
0.55
2 BR
0.49
3 BR
0.44
4 BR
0.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94305 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94305 (Stanford, CA) is $2,290 a month. That is down 9.8% from $2,540 in FY 2026. Stanford 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, 94305 has the 101st-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 94305 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94305
BedroomsFY 2027Change90–110% range
Studio$1,750−9.8%$1,575–$1,925
1BR$1,980−9.6%$1,782–$2,178
2BR$2,290−9.8%$2,061–$2,519
3BR$2,970−8.6%$2,673–$3,267
4BR$3,240−10.0%$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94305
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,750$1,980$2,290$2,970$3,240
FY 2026$1,940$2,190$2,540$3,250$3,600
FY 2025$2,150$2,430$2,820$3,610$3,990
FY 2024$2,010$2,270$2,650$3,380$3,790
FY 2023$1,940$2,180$2,590$3,320$3,800

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94305
94085$4,020+75.5%
94086$3,610+57.6%
94087$3,860+68.6%
94088$3,270+42.8%
94089$3,770+64.6%
94301$3,650+59.4%
94302$3,270+42.8%
94303$3,390+48.0%
94304$3,880+69.4%
94305Current$2,290—
94306$3,530+54.1%
94309$3,270+42.8%

Questions about ZIP 94305 rents

How much will Section 8 pay for a two-bedroom in ZIP 94305?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,290, that basic range is $2,061 to $2,519 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 94305 in?

ZIP 94305 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 94305 for FY 2027?

The two-bedroom FMR fell 9.8%, from $2,540 in FY 2026 to $2,290 in FY 2027. Since FY 2023 it has fallen 11.6%.

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