95121
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$2,690$1,930
1 BR$3,070$2,220
2 BR$3,580$3,370
3 BR$4,730$4,030
4 BR$5,150$4,920
5 BR$5,922
6 BR$6,811
7 BR$7,833
8 BR$9,007

Purchase Price Calculator

Maximum purchase price
$438,864

Cost breakdown

+Likely effective rent$3,370
HUD FMR$3,580
Market rentUsed$3,370
Est. payment standard (96%)$3,440
Market rent is below the inferred standard ($3,440, 96% of FMR).
-Principal and interest-$2,219
Loan amount$351,091
Down payment$87,773
Rate6.50%
Term30 years
-Operating costs-$951
Property taxes-$439
Insurance-$175
Utilities$0
HOA$0
Management-$337
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$53,523(61.0% ROI)
Projected value
$472,609
Current value$438,864
Return breakdown
Property appreciation+$33,745
Loan principal paid down+$12,579
Rental cash flow+$7,200
5-year hold
+$92,102(104.9% ROI)
Projected value
$496,534
Current value$438,864
Return breakdown
Property appreciation+$57,670
Loan principal paid down+$22,431
Rental cash flow+$12,000
10-year hold
+$200,369(228.3% ROI)
Projected value
$561,783
Current value$438,864
Return breakdown
Property appreciation+$122,919
Loan principal paid down+$53,450
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
1.39ratio
FMR$2,690
Market$1,930
vs market+$760

FMR is above market; underwrite to market rent.

90% standard$2,421 / 1.25 ratio110% standard$2,959 / 1.53 ratio
1.39
1 BR
1 BR
1.38ratio
FMR$3,070
Market$2,220
vs market+$850

FMR is above market; underwrite to market rent.

90% standard$2,763 / 1.24 ratio110% standard$3,377 / 1.52 ratio
1.38
2 BR
2 BR
1.06ratio
FMR$3,580
Market$3,370
vs market+$210

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

90% standard$3,222 / 0.96 ratio110% standard$3,938 / 1.17 ratio
1.06
3 BR
3 BR
1.17ratio
FMR$4,730
Market$4,030
vs market+$700

FMR is above market; underwrite to market rent.

90% standard$4,257 / 1.06 ratio110% standard$5,203 / 1.29 ratio
1.17
4 BR
4 BR
1.05ratio
FMR$5,150
Market$4,920
vs market+$230

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

90% standard$4,635 / 0.94 ratio110% standard$5,665 / 1.15 ratio
1.05
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 95121 (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.

95121 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 95121 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,580 and the 4 bedroom fair market rent is $5,150.

Use this page for searches like 95121 FMR, 95121 fair market rent, and 95121 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 95121
Bedroom sizeHUD FMR
Studio$2,690
1 bedroom$3,070
2 bedroom$3,580
3 bedroom$4,730
4 bedroom$5,150