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Santa Cruz County/Santa Cruz/95062

95062

ZIPSAFMR
Santa Cruz County, CA
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$3,870$2,680
1 BR$4,060$3,050
2 BR$5,100$3,920
3 BR$6,630$4,860
4 BR$6,890$5,870
5 BR$7,923Not available
6 BR$9,112Not available
7 BR$10,479Not available
8 BR$12,051Not available

Purchase Price Calculator

Maximum purchase price
$520,594

Cost breakdown

+Likely effective rent$3,920
HUD FMR$5,100
Market rentUsed$3,920
Est. payment standard (90%)$4,590
-Principal and interest-$2,632
Loan amount$416,475
Down payment$104,119
Rate6.50%
Term30 years
-Operating costs-$1,088
Property taxes-$521
Insurance-$175
Utilities$0
HOA$0
Management-$392
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$62,150(59.7% ROI)
Projected value
$560,623
Return breakdown
Property appreciation+$40,029
Loan principal paid down+$14,921
Rental cash flow+$7,200
5-year hold
+$107,019(102.8% ROI)
Projected value
$589,004
Return breakdown
Property appreciation+$68,410
Loan principal paid down+$26,609
Rental cash flow+$12,000
10-year hold
+$233,214(224.0% ROI)
Projected value
$666,404
Return breakdown
Property appreciation+$145,810
Loan principal paid down+$63,404
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.44
1 BR
1.33
2 BR
1.30
3 BR
1.36
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95062 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95062 (Santa Cruz, CA) is $5,100 a month. That is up 3.2% from $4,940 in FY 2026. Santa Cruz is in the Santa Cruz-Watsonville, CA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $4,254. Among 21 ZIP codes in Santa Cruz County, 95062 has the 2nd-highest two-bedroom rent (county range $3,300–$5,260). The median county two-bedroom FMR in California is $1,725, so ZIP 95062 is 196% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95062
BedroomsFY 2027Change90–110% range
Studio$3,870+3.8%$3,483–$4,257
1BR$4,060+4.9%$3,654–$4,466
2BR$5,100+3.2%$4,590–$5,610
3BR$6,630+5.2%$5,967–$7,293
4BR$6,890+3.9%$6,201–$7,579

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95062
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,870$4,060$5,100$6,630$6,890
FY 2026$3,730$3,870$4,940$6,300$6,630
FY 2025$3,440$3,620$4,750$5,910$6,300
FY 2024$3,020$3,260$4,290$5,290$5,820
FY 2023$2,300$2,600$3,420$4,230$4,740

Two-bedroom rent in nearby Santa Cruz County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95062
95041$4,070−20.2%
95060$5,260+3.1%
95061$4,250−16.7%
95062Current$5,100—
95063$4,250−16.7%
95064$3,800−25.5%
95065$4,980−2.4%
95066$4,490−12.0%
95067$4,250−16.7%
95073$4,070−20.2%
95076$3,300−35.3%
95077$4,250−16.7%

Questions about ZIP 95062 rents

How much will Section 8 pay for a two-bedroom in ZIP 95062?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $4,254, which applies unless the housing authority uses Small Area FMRs, that basic range is $3,829 to $4,679 a month; under the ZIP-level Small Area FMR of $5,100 it would be $4,590 to $5,610. 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 95062 in?

ZIP 95062 is in the Santa Cruz-Watsonville, CA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $4,254.

How much did fair market rent change in ZIP 95062 for FY 2027?

The two-bedroom FMR rose 3.2%, from $4,940 in FY 2026 to $5,100 in FY 2027. Since FY 2023 it has risen 49.1%.

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