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Santa Clara County/Los Gatos/95033

95033

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$3,390$2,780
1 BR$3,650$3,010
2 BR$4,480$3,550
3 BR$5,890$5,340
4 BR$6,180$6,400
5 BR$7,107Not available
6 BR$8,173Not available
7 BR$9,399Not available
8 BR$10,809Not available

Purchase Price Calculator

Maximum purchase price
$465,612

Cost breakdown

+Likely effective rent$3,550
HUD FMR$4,480
Market rentUsed$3,550
Est. payment standard (90%)$4,030
-Principal and interest-$2,354
Loan amount$372,490
Down payment$93,122
Rate6.50%
Term30 years
-Operating costs-$996
Property taxes-$466
Insurance-$175
Utilities$0
HOA$0
Management-$355
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$56,347(60.5% ROI)
Projected value
$501,413
Return breakdown
Property appreciation+$35,801
Loan principal paid down+$13,345
Rental cash flow+$7,200
5-year hold
+$96,984(104.1% ROI)
Projected value
$526,797
Return breakdown
Property appreciation+$61,185
Loan principal paid down+$23,798
Rental cash flow+$12,000
10-year hold
+$211,118(226.7% ROI)
Projected value
$596,023
Return breakdown
Property appreciation+$130,411
Loan principal paid down+$56,707
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.21
2 BR
1.26
3 BR
1.10
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95033 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95033 (Los Gatos, CA) is $4,480 a month. That is up 3.0% from $4,350 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, 95033 has the highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95033 is 160% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95033
BedroomsFY 2027Change90–110% range
Studio$3,390+3.4%$3,051–$3,729
1BR$3,650+3.4%$3,285–$4,015
2BR$4,480+3.0%$4,032–$4,928
3BR$5,890+4.8%$5,301–$6,479
4BR$6,180+3.0%$5,562–$6,798

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95033
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,390$3,650$4,480$5,890$6,180
FY 2026$3,280$3,530$4,350$5,620$6,000
FY 2025$3,080$3,350$4,190$5,300$5,700
FY 2024$2,840$3,120$3,930$4,910$5,410
FY 2023$2,360$2,670$3,370$4,210$4,720

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95033
95020$2,630−41.3%
95021$3,270−27.0%
95026$3,270−27.0%
95030$3,330−25.7%
95031$3,270−27.0%
95032$3,630−19.0%
95033Current$4,480—
95035$3,700−17.4%
95036$3,270−27.0%
95037$2,750−38.6%
95038$3,270−27.0%
95044$3,270−27.0%

Questions about ZIP 95033 rents

How much will Section 8 pay for a two-bedroom in ZIP 95033?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,480, that basic range is $4,032 to $4,928 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 95033 in?

ZIP 95033 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 95033 for FY 2027?

The two-bedroom FMR rose 3.0%, from $4,350 in FY 2026 to $4,480 in FY 2027. Since FY 2023 it has risen 32.9%.

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