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Santa Clara County/San Jose/95119

95119

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$2,690$2,200
1 BR$3,040$2,420
2 BR$3,580$3,090
3 BR$4,810$4,220
4 BR$5,130$4,680
5 BR$5,899Not available
6 BR$6,784Not available
7 BR$7,802Not available
8 BR$8,972Not available

Purchase Price Calculator

Maximum purchase price
$397,256

Cost breakdown

+Likely effective rent$3,090
HUD FMR$3,580
Market rentUsed$3,090
Est. payment standard (91%)$3,260
-Principal and interest-$2,009
Loan amount$317,805
Down payment$79,451
Rate6.50%
Term30 years
-Operating costs-$881
Property taxes-$397
Insurance-$175
Utilities$0
HOA$0
Management-$309
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$49,131(61.8% ROI)
Projected value
$427,802
Return breakdown
Property appreciation+$30,545
Loan principal paid down+$11,386
Rental cash flow+$7,200
5-year hold
+$84,507(106.4% ROI)
Projected value
$449,459
Return breakdown
Property appreciation+$52,203
Loan principal paid down+$20,305
Rental cash flow+$12,000
10-year hold
+$183,648(231.1% ROI)
Projected value
$508,522
Return breakdown
Property appreciation+$111,265
Loan principal paid down+$48,382
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.26
2 BR
1.16
3 BR
1.14
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95119 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95119 (San Jose, CA) is $3,580 a month. That is up 0.6% from $3,560 in FY 2026. San Jose 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, 95119 has the 26th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95119 is 108% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95119
BedroomsFY 2027Change90–110% range
Studio$2,690+0.4%$2,421–$2,959
1BR$3,040−0.3%$2,736–$3,344
2BR$3,580+0.6%$3,222–$3,938
3BR$4,810+2.3%$4,329–$5,291
4BR$5,130+0.2%$4,617–$5,643

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95119
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,690$3,040$3,580$4,810$5,130
FY 2026$2,680$3,050$3,560$4,700$5,120
FY 2025$2,660$3,030$3,510$4,560$4,970
FY 2024$2,460$2,790$3,240$4,150$4,580
FY 2023$2,380$2,690$3,150$4,020$4,500

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95119
95112$2,900−19.0%
95113$3,600+0.6%
95116$2,610−27.1%
95117$2,920−18.4%
95118$2,950−17.6%
95119Current$3,580—
95120$3,500−2.2%
95121$3,440−3.9%
95122$2,740−23.5%
95123$3,370−5.9%
95124$3,350−6.4%
95125$3,020−15.6%

Questions about ZIP 95119 rents

How much will Section 8 pay for a two-bedroom in ZIP 95119?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,580, that basic range is $3,222 to $3,938 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 95119 in?

ZIP 95119 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 95119 for FY 2027?

The two-bedroom FMR rose 0.6%, from $3,560 in FY 2026 to $3,580 in FY 2027. Since FY 2023 it has risen 13.7%.

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