FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
0.99ratio
FMR$2,710
Market$2,740
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
0.86ratio
FMR$3,190
Market$3,700
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.76ratio
FMR$4,290
Market$5,630
vs market-$1,340
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR
0.71ratio
FMR$4,570
Market$6,410
vs market-$1,840
FMR is below market; voucher rent may lag private rents.
0.71
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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ZIP 95053 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95053 (Santa Clara, CA) is $3,190 a month. That is down 4.5% from $3,340 in FY 2026. Santa Clara 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, 95053 is tied for the 80th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95053 is 85% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 95053
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,510
$2,400
−4.4%
$2,160–$2,640
1BR
$2,860
$2,710
−5.2%
$2,439–$2,981
2BR
$3,340
$3,190
−4.5%
$2,871–$3,509
3BR
$4,410
$4,290
−2.7%
$3,861–$4,719
4BR
$4,800
$4,570
−4.8%
$4,113–$5,027
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 95053
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,400
$2,710
$3,190
$4,290
$4,570
FY 2026
$2,510
$2,860
$3,340
$4,410
$4,800
FY 2025
$2,370
$2,700
$3,130
$4,070
$4,430
FY 2024
$2,150
$2,430
$2,830
$3,620
$4,000
FY 2023
$2,220
$2,510
$2,940
$3,750
$4,200
Two-bedroom rent in nearby Santa Clara County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 95053?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,190, that basic range is $2,871 to $3,509 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 95053 in?
ZIP 95053 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 95053 for FY 2027?
The two-bedroom FMR fell 4.5%, from $3,340 in FY 2026 to $3,190 in FY 2027. Since FY 2023 it has risen 8.5%.
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