Skip to main content
Loading page
Santa Clara County/Gilroy/95020

95020

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

62Below average

095130300
BRFMR
Eff. Rent
0 BR$1,980$2,180
1 BR$2,230$2,350
2 BR$2,630$2,780
3 BR$3,530$3,500
4 BR$3,770$3,840
5 BR$4,336Not available
6 BR$4,986Not available
7 BR$5,734Not available
8 BR$6,594Not available

Purchase Price Calculator

Maximum purchase price
$351,190

Cost breakdown

+Likely effective rent$2,780
HUD FMR$2,630
Market rent$2,860
Est. payment standard (106%)Used$2,780
-Principal and interest-$1,776
Loan amount$280,952
Down payment$70,238
Rate6.50%
Term30 years
-Operating costs-$804
Property taxes-$351
Insurance-$175
Utilities$0
HOA$0
Management-$278
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,269(63.0% ROI)
Projected value
$378,194
Return breakdown
Property appreciation+$27,003
Loan principal paid down+$10,066
Rental cash flow+$7,200
5-year hold
+$76,099(108.3% ROI)
Projected value
$397,340
Return breakdown
Property appreciation+$46,149
Loan principal paid down+$17,950
Rental cash flow+$12,000
10-year hold
+$165,135(235.1% ROI)
Projected value
$449,553
Return breakdown
Property appreciation+$98,363
Loan principal paid down+$42,772
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.87
1 BR
0.92
2 BR
0.92
3 BR
1.01
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95020 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95020 (Gilroy, CA) is $2,630 a month. That is down 4.4% from $2,750 in FY 2026. Gilroy 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, 95020 has the 98th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95020 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95020
BedroomsFY 2027Change90–110% range
Studio$1,980−4.3%$1,782–$2,178
1BR$2,230−5.1%$2,007–$2,453
2BR$2,630−4.4%$2,367–$2,893
3BR$3,530−2.8%$3,177–$3,883
4BR$3,770−4.8%$3,393–$4,147

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95020
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,980$2,230$2,630$3,530$3,770
FY 2026$2,070$2,350$2,750$3,630$3,960
FY 2025$2,150$2,430$2,820$3,610$3,990
FY 2024$2,010$2,270$2,650$3,380$3,790
FY 2023$1,940$2,180$2,590$3,320$3,800

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95020
95008$3,310+25.9%
95009$3,270+24.3%
95011$3,270+24.3%
95013$3,110+18.3%
95014$4,050+54.0%
95015$3,270+24.3%
95020Current$2,630—
95021$3,270+24.3%
95026$3,270+24.3%
95030$3,330+26.6%
95031$3,270+24.3%
95032$3,630+38.0%

Questions about ZIP 95020 rents

How much will Section 8 pay for a two-bedroom in ZIP 95020?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,630, that basic range is $2,367 to $2,893 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 95020 in?

ZIP 95020 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 95020 for FY 2027?

The two-bedroom FMR fell 4.4%, from $2,750 in FY 2026 to $2,630 in FY 2027. Since FY 2023 it has risen 1.5%.

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