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Sonoma County/Rohnert Park/94928

94928

ZIPSAFMR
Sonoma County, CA
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$2,160$1,650
1 BR$2,350$1,890
2 BR$3,080$2,310
3 BR$4,260$3,270
4 BR$4,690$4,230
5 BR$5,394Not available
6 BR$6,203Not available
7 BR$7,133Not available
8 BR$8,203Not available

Purchase Price Calculator

Maximum purchase price
$281,349

Cost breakdown

+Likely effective rent$2,310
HUD FMR$3,080
Market rentUsed$2,310
Est. payment standard (90%)$2,770
-Principal and interest-$1,423
Loan amount$225,079
Down payment$56,270
Rate6.50%
Term30 years
-Operating costs-$687
Property taxes-$281
Insurance-$175
Utilities$0
HOA$0
Management-$231
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,897(65.6% ROI)
Projected value
$302,982
Return breakdown
Property appreciation+$21,633
Loan principal paid down+$8,064
Rental cash flow+$7,200
5-year hold
+$63,352(112.6% ROI)
Projected value
$318,320
Return breakdown
Property appreciation+$36,972
Loan principal paid down+$14,380
Rental cash flow+$12,000
10-year hold
+$137,067(243.6% ROI)
Projected value
$360,150
Return breakdown
Property appreciation+$78,801
Loan principal paid down+$34,266
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.24
2 BR
1.33
3 BR
1.30
4 BR
1.11
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 94928 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 94928 (Rohnert Park, CA) is $3,080 a month. That is down 0.6% from $3,100 in FY 2026. Rohnert Park is in the Santa Rosa-Petaluma, CA MSA. 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 $2,819. Among 49 ZIP codes in Sonoma County, 94928 has the 5th-highest two-bedroom rent (county range $2,550–$3,390). The median county two-bedroom FMR in California is $1,725, so ZIP 94928 is 79% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 94928
BedroomsFY 2027Change90–110% range
Studio$2,160+0.9%$1,944–$2,376
1BR$2,350−0.4%$2,115–$2,585
2BR$3,080−0.6%$2,772–$3,388
3BR$4,2600.0%$3,834–$4,686
4BR$4,690+3.1%$4,221–$5,159

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 94928
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,160$2,350$3,080$4,260$4,690
FY 2026$2,140$2,360$3,100$4,260$4,550
FY 2025$2,030$2,260$2,960$4,040$4,280
FY 2024$1,690$1,900$2,500$3,390$3,600
FY 2023$1,580$1,780$2,340$3,220$3,490

Two-bedroom rent in nearby Sonoma County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 94928
94922$2,550−17.2%
94923$2,550−17.2%
94927$2,820−8.4%
94928Current$3,080—
94931$2,550−17.2%
94951$2,720−11.7%
94952$3,250+5.5%
94953$2,820−8.4%
94954$3,390+10.1%
94955$2,820−8.4%
94972$2,820−8.4%
94975$2,820−8.4%

Questions about ZIP 94928 rents

How much will Section 8 pay for a two-bedroom in ZIP 94928?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,819, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,537 to $3,101 a month; under the ZIP-level Small Area FMR of $3,080 it would be $2,772 to $3,388. 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 94928 in?

ZIP 94928 is in the Santa Rosa-Petaluma, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,819.

How much did fair market rent change in ZIP 94928 for FY 2027?

The two-bedroom FMR fell 0.6%, from $3,100 in FY 2026 to $3,080 in FY 2027. Since FY 2023 it has risen 31.6%.

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