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Santa Clara County/Los Gatos/95032

95032

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

36Below average

095130300
BRFMR
Eff. Rent
0 BR$2,730$2,400
1 BR$3,080$2,890
2 BR$3,630$3,630
3 BR$4,880$4,930
4 BR$5,200$5,720
5 BR$5,980Not available
6 BR$6,877Not available
7 BR$7,909Not available
8 BR$9,095Not available

Purchase Price Calculator

Maximum purchase price
$477,500

Cost breakdown

+Likely effective rent$3,630
HUD FMR$3,630
Market rent$3,630
Est. payment standard (100%)Used$3,630
-Principal and interest-$2,414
Loan amount$382,000
Down payment$95,500
Rate6.50%
Term30 years
-Operating costs-$1,016
Property taxes-$478
Insurance-$175
Utilities$0
HOA$0
Management-$363
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$57,601(60.3% ROI)
Projected value
$514,215
Return breakdown
Property appreciation+$36,715
Loan principal paid down+$13,686
Rental cash flow+$7,200
5-year hold
+$99,153(103.8% ROI)
Projected value
$540,247
Return breakdown
Property appreciation+$62,747
Loan principal paid down+$24,406
Rental cash flow+$12,000
10-year hold
+$215,896(226.1% ROI)
Projected value
$611,240
Return breakdown
Property appreciation+$133,740
Loan principal paid down+$58,155
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.07
2 BR
1.00
3 BR
0.99
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95032 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95032 (Los Gatos, CA) is $3,630 a month. That is down 3.7% from $3,770 in FY 2026. Los Gatos 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, 95032 is tied for the 21st-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95032 is 110% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95032
BedroomsFY 2027Change90–110% range
Studio$2,730−3.9%$2,457–$3,003
1BR$3,080−4.6%$2,772–$3,388
2BR$3,630−3.7%$3,267–$3,993
3BR$4,880−2.0%$4,392–$5,368
4BR$5,200−4.1%$4,680–$5,720

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95032
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,730$3,080$3,630$4,880$5,200
FY 2026$2,840$3,230$3,770$4,980$5,420
FY 2025$2,810$3,210$3,720$4,830$5,270
FY 2024$2,550$2,880$3,350$4,290$4,730
FY 2023$2,340$2,650$3,100$3,950$4,430

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95032
95020$2,630−27.5%
95021$3,270−9.9%
95026$3,270−9.9%
95030$3,330−8.3%
95031$3,270−9.9%
95032Current$3,630—
95033$4,480+23.4%
95035$3,700+1.9%
95036$3,270−9.9%
95037$2,750−24.2%
95038$3,270−9.9%
95044$3,270−9.9%

Questions about ZIP 95032 rents

How much will Section 8 pay for a two-bedroom in ZIP 95032?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,630, that basic range is $3,267 to $3,993 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 95032 in?

ZIP 95032 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 95032 for FY 2027?

The two-bedroom FMR fell 3.7%, from $3,770 in FY 2026 to $3,630 in FY 2027. Since FY 2023 it has risen 17.1%.

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