95005
ZIPSAFMR
Santa Cruz County, CA
BRFMR
Eff. Rent
0 BR$3,340$2,320
1 BR$3,470$2,710
2 BR$4,430$3,300
3 BR$5,650$4,050
4 BR$5,950$4,460
5 BR$6,842
6 BR$7,869
7 BR$9,049
8 BR$10,407

Purchase Price Calculator

Maximum purchase price
$428,462

Cost breakdown

+Likely effective rent$3,300
HUD FMR$4,430
Market rentUsed$3,300
Est. payment standard (90%)$3,990
Market rent is below the inferred standard ($3,990, 90% of FMR).
-Principal and interest-$2,167
Loan amount$342,770
Down payment$85,692
Rate6.50%
Term30 years
-Operating costs-$933
Property taxes-$428
Insurance-$175
Utilities$0
HOA$0
Management-$330
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,425(61.2% ROI)
Projected value
$461,407
Current value$428,462
Return breakdown
Property appreciation+$32,945
Loan principal paid down+$12,281
Rental cash flow+$7,200
5-year hold
+$90,203(105.3% ROI)
Projected value
$484,766
Current value$428,462
Return breakdown
Property appreciation+$56,303
Loan principal paid down+$21,900
Rental cash flow+$12,000
10-year hold
+$196,188(228.9% ROI)
Projected value
$548,468
Current value$428,462
Return breakdown
Property appreciation+$120,006
Loan principal paid down+$52,183
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
1.44ratio
FMR$3,340
Market$2,320
vs market+$1,020

FMR is above market; underwrite to market rent.

90% standard$3,006 / 1.30 ratio110% standard$3,674 / 1.58 ratio
1.44
1 BR
1 BR
1.28ratio
FMR$3,470
Market$2,710
vs market+$760

FMR is above market; underwrite to market rent.

90% standard$3,123 / 1.15 ratio110% standard$3,817 / 1.41 ratio
1.28
2 BR
2 BR
1.34ratio
FMR$4,430
Market$3,300
vs market+$1,130

FMR is above market; underwrite to market rent.

90% standard$3,987 / 1.21 ratio110% standard$4,873 / 1.48 ratio
1.34
3 BR
3 BR
1.40ratio
FMR$5,650
Market$4,050
vs market+$1,600

FMR is above market; underwrite to market rent.

90% standard$5,085 / 1.26 ratio110% standard$6,215 / 1.53 ratio
1.40
4 BR
4 BR
1.33ratio
FMR$5,950
Market$4,460
vs market+$1,490

FMR is above market; underwrite to market rent.

90% standard$5,355 / 1.20 ratio110% standard$6,545 / 1.47 ratio
1.33
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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 95005 (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.

95005 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 95005 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,430 and the 4 bedroom fair market rent is $5,950.

Use this page for searches like 95005 FMR, 95005 fair market rent, and 95005 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 95005
Bedroom sizeHUD FMR
Studio$3,340
1 bedroom$3,470
2 bedroom$4,430
3 bedroom$5,650
4 bedroom$5,950