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Santa Clara County/Santa Clara/95054

95054

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$3,180$2,510
1 BR$3,590$2,800
2 BR$4,230$4,010
3 BR$5,680$4,330
4 BR$6,060$4,470
5 BR$6,969Not available
6 BR$8,014Not available
7 BR$9,217Not available
8 BR$10,599Not available

Purchase Price Calculator

Maximum purchase price
$533,968

Cost breakdown

+Likely effective rent$4,010
HUD FMR$4,230
Market rentUsed$4,010
Est. payment standard (97%)$4,090
-Principal and interest-$2,700
Loan amount$427,174
Down payment$106,794
Rate6.50%
Term30 years
-Operating costs-$1,110
Property taxes-$534
Insurance-$175
Utilities$0
HOA$0
Management-$401
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$63,562(59.5% ROI)
Projected value
$575,025
Return breakdown
Property appreciation+$41,057
Loan principal paid down+$15,305
Rental cash flow+$7,200
5-year hold
+$109,460(102.5% ROI)
Projected value
$604,136
Return breakdown
Property appreciation+$70,168
Loan principal paid down+$27,292
Rental cash flow+$12,000
10-year hold
+$238,589(223.4% ROI)
Projected value
$683,524
Return breakdown
Property appreciation+$149,556
Loan principal paid down+$65,032
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.28
2 BR
1.05
3 BR
1.31
4 BR
1.36
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95054 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95054 (Santa Clara, CA) is $4,230 a month. That is down 4.5% from $4,430 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, 95054 has the 3rd-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95054 is 145% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95054
BedroomsFY 2027Change90–110% range
Studio$3,180−4.5%$2,862–$3,498
1BR$3,590−5.3%$3,231–$3,949
2BR$4,230−4.5%$3,807–$4,653
3BR$5,680−2.9%$5,112–$6,248
4BR$6,060−4.9%$5,454–$6,666

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95054
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,180$3,590$4,230$5,680$6,060
FY 2026$3,330$3,790$4,430$5,850$6,370
FY 2025$3,060$3,500$4,050$5,260$5,730
FY 2024$2,810$3,180$3,700$4,740$5,230
FY 2023$2,670$3,020$3,530$4,500$5,040

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95054
95037$2,750−35.0%
95038$3,270−22.7%
95044$3,270−22.7%
95046$2,800−33.8%
95050$3,190−24.6%
95051$3,690−12.8%
95052$3,270−22.7%
95053$3,190−24.6%
95054Current$4,230—
95055$3,270−22.7%
95056$3,270−22.7%
95070$3,780−10.6%

Questions about ZIP 95054 rents

How much will Section 8 pay for a two-bedroom in ZIP 95054?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $4,230, that basic range is $3,807 to $4,653 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 95054 in?

ZIP 95054 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 95054 for FY 2027?

The two-bedroom FMR fell 4.5%, from $4,430 in FY 2026 to $4,230 in FY 2027. Since FY 2023 it has risen 19.8%.

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