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Santa Cruz County/Soquel/95073

95073

ZIPSAFMR
Santa Cruz County, CA
Zillow

ZIP Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$3,090$2,690
1 BR$3,240$3,120
2 BR$4,070$3,820
3 BR$5,290$4,460
4 BR$5,500$5,680
5 BR$6,325Not available
6 BR$7,274Not available
7 BR$8,365Not available
8 BR$9,620Not available

Purchase Price Calculator

Maximum purchase price
$505,734

Cost breakdown

+Likely effective rent$3,820
HUD FMR$4,070
Market rentUsed$3,820
Est. payment standard (96%)$3,910
-Principal and interest-$2,557
Loan amount$404,587
Down payment$101,147
Rate6.50%
Term30 years
-Operating costs-$1,063
Property taxes-$506
Insurance-$175
Utilities$0
HOA$0
Management-$382
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$60,582(59.9% ROI)
Projected value
$544,620
Return breakdown
Property appreciation+$38,886
Loan principal paid down+$14,495
Rental cash flow+$7,200
5-year hold
+$104,307(103.1% ROI)
Projected value
$572,192
Return breakdown
Property appreciation+$66,458
Loan principal paid down+$25,849
Rental cash flow+$12,000
10-year hold
+$227,242(224.7% ROI)
Projected value
$647,382
Return breakdown
Property appreciation+$141,648
Loan principal paid down+$61,594
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.04
2 BR
1.07
3 BR
1.19
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 95073 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95073 (Soquel, CA) is $4,070 a month. That is down 5.3% from $4,300 in FY 2026. Soquel 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, 95073 is tied for the 15th-highest two-bedroom rent (county range $3,300–$5,260). The median county two-bedroom FMR in California is $1,725, so ZIP 95073 is 136% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95073
BedroomsFY 2027Change90–110% range
Studio$3,090−4.6%$2,781–$3,399
1BR$3,240−3.9%$2,916–$3,564
2BR$4,070−5.3%$3,663–$4,477
3BR$5,290−3.6%$4,761–$5,819
4BR$5,500−4.7%$4,950–$6,050

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95073
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$3,090$3,240$4,070$5,290$5,500
FY 2026$3,240$3,370$4,300$5,490$5,770
FY 2025$3,190$3,360$4,410$5,490$5,850
FY 2024$3,050$3,300$4,340$5,350$5,890
FY 2023$2,320$2,620$3,450$4,270$4,790

Two-bedroom rent in nearby Santa Cruz County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95073
95041$4,0700.0%
95060$5,260+29.2%
95061$4,250+4.4%
95062$5,100+25.3%
95063$4,250+4.4%
95064$3,800−6.6%
95065$4,980+22.4%
95066$4,490+10.3%
95067$4,250+4.4%
95073Current$4,070—
95076$3,300−18.9%
95077$4,250+4.4%

Questions about ZIP 95073 rents

How much will Section 8 pay for a two-bedroom in ZIP 95073?

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 $4,070 it would be $3,663 to $4,477. 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 95073 in?

ZIP 95073 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 95073 for FY 2027?

The two-bedroom FMR fell 5.3%, from $4,300 in FY 2026 to $4,070 in FY 2027. Since FY 2023 it has risen 18.0%.

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