95065
ZIPSAFMR
Santa Cruz County, CA
BRFMR
Eff. Rent
0 BR$3,620$2,670
1 BR$3,760$3,150
2 BR$4,800$3,790
3 BR$6,120$4,540
4 BR$6,450$6,300
5 BR$7,417
6 BR$8,530
7 BR$9,810
8 BR$11,281

Purchase Price Calculator

Maximum purchase price
$501,276

Cost breakdown

+Likely effective rent$3,790
HUD FMR$4,800
Market rentUsed$3,790
Est. payment standard (90%)$4,320
Market rent is below the inferred standard ($4,320, 90% of FMR).
-Principal and interest-$2,535
Loan amount$401,021
Down payment$100,255
Rate6.50%
Term30 years
-Operating costs-$1,055
Property taxes-$501
Insurance-$175
Utilities$0
HOA$0
Management-$379
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$60,111(60.0% ROI)
Projected value
$539,819
Current value$501,276
Return breakdown
Property appreciation+$38,543
Loan principal paid down+$14,368
Rental cash flow+$7,200
5-year hold
+$103,493(103.2% ROI)
Projected value
$567,148
Current value$501,276
Return breakdown
Property appreciation+$65,872
Loan principal paid down+$25,621
Rental cash flow+$12,000
10-year hold
+$225,451(224.9% ROI)
Projected value
$641,676
Current value$501,276
Return breakdown
Property appreciation+$140,400
Loan principal paid down+$61,051
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.36ratio
FMR$3,620
Market$2,670
vs market+$950

FMR is above market; underwrite to market rent.

90% standard$3,258 / 1.22 ratio110% standard$3,982 / 1.49 ratio
1.36
1 BR
1 BR
1.19ratio
FMR$3,760
Market$3,150
vs market+$610

FMR is above market; underwrite to market rent.

90% standard$3,384 / 1.07 ratio110% standard$4,136 / 1.31 ratio
1.19
2 BR
2 BR
1.27ratio
FMR$4,800
Market$3,790
vs market+$1,010

FMR is above market; underwrite to market rent.

90% standard$4,320 / 1.14 ratio110% standard$5,280 / 1.39 ratio
1.27
3 BR
3 BR
1.35ratio
FMR$6,120
Market$4,540
vs market+$1,580

FMR is above market; underwrite to market rent.

90% standard$5,508 / 1.21 ratio110% standard$6,732 / 1.48 ratio
1.35
4 BR
4 BR
1.02ratio
FMR$6,450
Market$6,300
vs market+$150

FMR is near market; voucher and private rents are aligned.

90% standard$5,805 / 0.92 ratio110% standard$7,095 / 1.13 ratio
1.02
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 95065 (CA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

95065 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 95065 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $4,800 and the 4 bedroom fair market rent is $6,450.

Use this page for searches like 95065 FMR, 95065 fair market rent, and 95065 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 95065
Bedroom sizeHUD FMR
Studio$3,620
1 bedroom$3,760
2 bedroom$4,800
3 bedroom$6,120
4 bedroom$6,450