Skip to main content
Loading page
Santa Clara County/San Jose/95122

95122

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$2,060$1,960
1 BR$2,330$2,440
2 BR$2,740$3,010
3 BR$3,680$3,890
4 BR$3,930$4,200
5 BR$4,520Not available
6 BR$5,197Not available
7 BR$5,977Not available
8 BR$6,874Not available

Purchase Price Calculator

Maximum purchase price
$385,368

Cost breakdown

+Likely effective rent$3,010
HUD FMR$2,740
Market rent$3,250
Est. payment standard (110%)Used$3,010
-Principal and interest-$1,949
Loan amount$308,295
Down payment$77,074
Rate6.50%
Term30 years
-Operating costs-$861
Property taxes-$385
Insurance-$175
Utilities$0
HOA$0
Management-$301
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$47,877(62.1% ROI)
Projected value
$414,999
Return breakdown
Property appreciation+$29,631
Loan principal paid down+$11,045
Rental cash flow+$7,200
5-year hold
+$82,338(106.8% ROI)
Projected value
$436,009
Return breakdown
Property appreciation+$50,641
Loan principal paid down+$19,697
Rental cash flow+$12,000
10-year hold
+$178,870(232.1% ROI)
Projected value
$493,304
Return breakdown
Property appreciation+$107,936
Loan principal paid down+$46,934
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.05
1 BR
0.93
2 BR
0.84
3 BR
0.92
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95122 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95122 (San Jose, CA) is $2,740 a month. That is down 2.8% from $2,820 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, 95122 has the 95th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95122 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95122
BedroomsFY 2027Change90–110% range
Studio$2,060−2.8%$1,854–$2,266
1BR$2,330−3.3%$2,097–$2,563
2BR$2,740−2.8%$2,466–$3,014
3BR$3,680−1.3%$3,312–$4,048
4BR$3,930−3.2%$3,537–$4,323

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95122
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,060$2,330$2,740$3,680$3,930
FY 2026$2,120$2,410$2,820$3,730$4,060
FY 2025$2,150$2,430$2,820$3,610$3,990
FY 2024$2,010$2,270$2,650$3,380$3,790
FY 2023$1,940$2,180$2,590$3,320$3,800

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95122
95116$2,610−4.7%
95117$2,920+6.6%
95118$2,950+7.7%
95119$3,580+30.7%
95120$3,500+27.7%
95121$3,440+25.5%
95122Current$2,740—
95123$3,370+23.0%
95124$3,350+22.3%
95125$3,020+10.2%
95126$3,250+18.6%
95127$2,940+7.3%

Questions about ZIP 95122 rents

How much will Section 8 pay for a two-bedroom in ZIP 95122?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,740, that basic range is $2,466 to $3,014 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 95122 in?

ZIP 95122 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 95122 for FY 2027?

The two-bedroom FMR fell 2.8%, from $2,820 in FY 2026 to $2,740 in FY 2027. Since FY 2023 it has risen 5.8%.

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