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Contra Costa County/Walnut Creek/94597

94597

ZIPSAFMR
Contra Costa County, CA
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$2,340$2,370
1 BR$2,560$2,670
2 BR$3,140$3,320
3 BR$4,020$4,390
4 BR$4,760$5,050
5 BR$5,474Not available
6 BR$6,295Not available
7 BR$7,239Not available
8 BR$8,325Not available

Purchase Price Calculator

Maximum purchase price
$431,434

Cost breakdown

+Likely effective rent$3,320
HUD FMR$3,140
Market rent$3,410
Est. payment standard (106%)Used$3,320
-Principal and interest-$2,182
Loan amount$345,147
Down payment$86,287
Rate6.50%
Term30 years
-Operating costs-$938
Property taxes-$431
Insurance-$175
Utilities$0
HOA$0
Management-$332
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,739(61.1% ROI)
Projected value
$464,607
Return breakdown
Property appreciation+$33,173
Loan principal paid down+$12,366
Rental cash flow+$7,200
5-year hold
+$90,746(105.2% ROI)
Projected value
$488,128
Return breakdown
Property appreciation+$56,694
Loan principal paid down+$22,052
Rental cash flow+$12,000
10-year hold
+$197,383(228.8% ROI)
Projected value
$552,272
Return breakdown
Property appreciation+$120,838
Loan principal paid down+$52,545
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.94
2 BR
0.92
3 BR
0.88
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 94597 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94597 (Walnut Creek, CA) is $3,140 a month. That is down 3.4% from $3,250 in FY 2026. Walnut Creek is in the Oakland-Fremont, CA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,805. Among 49 ZIP codes in Contra Costa County, 94597 has the 15th-highest two-bedroom rent (county range $2,630–$3,650). The median county two-bedroom FMR in California is $1,725, so ZIP 94597 is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94597
BedroomsFY 2027Change90–110% range
Studio$2,340−2.1%$2,106–$2,574
1BR$2,560−3.8%$2,304–$2,816
2BR$3,140−3.4%$2,826–$3,454
3BR$4,020−3.4%$3,618–$4,422
4BR$4,760−3.4%$4,284–$5,236

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94597
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,340$2,560$3,140$4,020$4,760
FY 2026$2,390$2,660$3,250$4,160$4,930
FY 2025$2,220$2,520$3,070$3,930$4,670
FY 2024$2,110$2,470$3,000$3,870$4,580
FY 2023$1,950$2,320$2,830$3,700$4,360

Two-bedroom rent in nearby Contra Costa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94597
94564$3,080−1.9%
94565$2,630−16.2%
94569$2,720−13.4%
94570$2,790−11.1%
94572$2,630−16.2%
94575$3,480+10.8%
94582$3,430+9.2%
94583$3,550+13.1%
94595$2,820−10.2%
94596$3,250+3.5%
94597Current$3,140—
94598$3,630+15.6%

Questions about ZIP 94597 rents

How much will Section 8 pay for a two-bedroom in ZIP 94597?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,805, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,525 to $3,086 a month; under the ZIP-level Small Area FMR of $3,140 it would be $2,826 to $3,454. 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 94597 in?

ZIP 94597 is in the Oakland-Fremont, CA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,805.

How much did fair market rent change in ZIP 94597 for FY 2027?

The two-bedroom FMR fell 3.4%, from $3,250 in FY 2026 to $3,140 in FY 2027. Since FY 2023 it has risen 11.0%.

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