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Alameda County/Albany/94706

94706

ZIPSAFMR
Alameda County, CA
Zillow

ZIP Investment Score

30Below average

095130300
BRFMR
Eff. Rent
0 BR$2,200$2,150
1 BR$2,420$2,550
2 BR$2,960$3,230
3 BR$3,790$4,170
4 BR$4,480$4,930
5 BR$5,152Not available
6 BR$5,925Not available
7 BR$6,814Not available
8 BR$7,836Not available

Purchase Price Calculator

Maximum purchase price
$418,060

Cost breakdown

+Likely effective rent$3,230
HUD FMR$2,960
Market rent$3,380
Est. payment standard (109%)Used$3,230
-Principal and interest-$2,114
Loan amount$334,448
Down payment$83,612
Rate6.50%
Term30 years
-Operating costs-$916
Property taxes-$418
Insurance-$175
Utilities$0
HOA$0
Management-$323
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$51,327(61.4% ROI)
Projected value
$450,205
Return breakdown
Property appreciation+$32,145
Loan principal paid down+$11,982
Rental cash flow+$7,200
5-year hold
+$88,305(105.6% ROI)
Projected value
$472,997
Return breakdown
Property appreciation+$54,937
Loan principal paid down+$21,368
Rental cash flow+$12,000
10-year hold
+$192,008(229.6% ROI)
Projected value
$535,152
Return breakdown
Property appreciation+$117,092
Loan principal paid down+$50,916
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.92
2 BR
0.88
3 BR
0.85
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94706 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94706 (Albany, CA) is $2,960 a month. That is down 3.0% from $3,050 in FY 2026. Albany 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 63 ZIP codes in Alameda County, 94706 has the 24th-highest two-bedroom rent (county range $2,630–$3,830). The median county two-bedroom FMR in California is $1,725, so ZIP 94706 is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94706
BedroomsFY 2027Change90–110% range
Studio$2,200−1.8%$1,980–$2,420
1BR$2,420−3.2%$2,178–$2,662
2BR$2,960−3.0%$2,664–$3,256
3BR$3,790−2.8%$3,411–$4,169
4BR$4,480−3.0%$4,032–$4,928

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94706
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,200$2,420$2,960$3,790$4,480
FY 2026$2,240$2,500$3,050$3,900$4,620
FY 2025$1,940$2,200$2,680$3,430$4,070
FY 2024$1,850$2,160$2,630$3,390$4,010
FY 2023$1,740$2,060$2,520$3,290$3,880

Two-bedroom rent in nearby Alameda County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94706
94701$2,810−5.1%
94702$2,630−11.1%
94703$2,680−9.5%
94704$2,630−11.1%
94705$2,830−4.4%
94706Current$2,960—
94707$2,850−3.7%
94708$3,590+21.3%
94709$2,820−4.7%
94710$3,070+3.7%
94712$2,810−5.1%
94720$2,770−6.4%

Questions about ZIP 94706 rents

How much will Section 8 pay for a two-bedroom in ZIP 94706?

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 $2,960 it would be $2,664 to $3,256. 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 94706 in?

ZIP 94706 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 94706 for FY 2027?

The two-bedroom FMR fell 3.0%, from $3,050 in FY 2026 to $2,960 in FY 2027. Since FY 2023 it has risen 17.5%.

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