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Santa Clara County/Cupertino/95014

95014

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

28Below average

095130300
BRFMR
Eff. Rent
0 BR$3,040$2,510
1 BR$3,440$2,750
2 BR$4,050$3,860
3 BR$5,440$5,130
4 BR$5,800$6,370
5 BR$6,670Not available
6 BR$7,670Not available
7 BR$8,821Not available
8 BR$10,144Not available

Purchase Price Calculator

Maximum purchase price
$511,678

Cost breakdown

+Likely effective rent$3,860
HUD FMR$4,050
Market rentUsed$3,860
Est. payment standard (97%)$3,930
-Principal and interest-$2,587
Loan amount$409,342
Down payment$102,336
Rate6.50%
Term30 years
-Operating costs-$1,073
Property taxes-$512
Insurance-$175
Utilities$0
HOA$0
Management-$386
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$61,209(59.8% ROI)
Projected value
$551,021
Return breakdown
Property appreciation+$39,343
Loan principal paid down+$14,666
Rental cash flow+$7,200
5-year hold
+$105,392(103.0% ROI)
Projected value
$578,917
Return breakdown
Property appreciation+$67,239
Loan principal paid down+$26,153
Rental cash flow+$12,000
10-year hold
+$229,631(224.4% ROI)
Projected value
$654,991
Return breakdown
Property appreciation+$143,313
Loan principal paid down+$62,318
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.25
2 BR
1.05
3 BR
1.06
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95014 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95014 (Cupertino, CA) is $4,050 a month. That is down 8.8% from $4,440 in FY 2026. Cupertino 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, 95014 is tied for the 4th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95014 is 135% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95014
BedroomsFY 2027Change90–110% range
Studio$3,040−9.0%$2,736–$3,344
1BR$3,440−9.5%$3,096–$3,784
2BR$4,050−8.8%$3,645–$4,455
3BR$5,440−7.3%$4,896–$5,984
4BR$5,800−9.2%$5,220–$6,380

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95014
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,040$3,440$4,050$5,440$5,800
FY 2026$3,340$3,800$4,440$5,870$6,390
FY 2025$3,410$3,880$4,500$5,850$6,370
FY 2024$3,260$3,680$4,280$5,480$6,050
FY 2023$3,090$3,500$4,090$5,220$5,840

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95014
95002$2,700−33.3%
95008$3,310−18.3%
95009$3,270−19.3%
95011$3,270−19.3%
95013$3,110−23.2%
95014Current$4,050—
95015$3,270−19.3%
95020$2,630−35.1%
95021$3,270−19.3%
95026$3,270−19.3%
95030$3,330−17.8%
95031$3,270−19.3%

Questions about ZIP 95014 rents

How much will Section 8 pay for a two-bedroom in ZIP 95014?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,050, that basic range is $3,645 to $4,455 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 95014 in?

ZIP 95014 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 95014 for FY 2027?

The two-bedroom FMR fell 8.8%, from $4,440 in FY 2026 to $4,050 in FY 2027. Since FY 2023 it has fallen 1.0%.

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