95123
ZIPSAFMR
Santa Clara County, CA
BRFMR
Eff. Rent
0 BR$2,660$2,220
1 BR$3,030$2,460
2 BR$3,540$3,200
3 BR$4,680$4,170
4 BR$5,090$4,800
5 BR$5,854
6 BR$6,732
7 BR$7,741
8 BR$8,902

Purchase Price Calculator

Maximum purchase price
$413,602

Cost breakdown

+Likely effective rent$3,200
HUD FMR$3,540
Market rentUsed$3,200
Est. payment standard (94%)$3,320
Market rent is below the inferred standard ($3,320, 94% of FMR).
-Principal and interest-$2,091
Loan amount$330,882
Down payment$82,720
Rate6.50%
Term30 years
-Operating costs-$909
Property taxes-$414
Insurance-$175
Utilities$0
HOA$0
Management-$320
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,857(61.5% ROI)
Projected value
$445,404
Current value$413,602
Return breakdown
Property appreciation+$31,802
Loan principal paid down+$11,855
Rental cash flow+$7,200
5-year hold
+$87,491(105.8% ROI)
Projected value
$467,953
Current value$413,602
Return breakdown
Property appreciation+$54,351
Loan principal paid down+$21,140
Rental cash flow+$12,000
10-year hold
+$190,217(230.0% ROI)
Projected value
$529,446
Current value$413,602
Return breakdown
Property appreciation+$115,844
Loan principal paid down+$50,373
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
1.20ratio
FMR$2,660
Market$2,220
vs market+$440

FMR is above market; underwrite to market rent.

90% standard$2,394 / 1.08 ratio110% standard$2,926 / 1.32 ratio
1.20
1 BR
1 BR
1.23ratio
FMR$3,030
Market$2,460
vs market+$570

FMR is above market; underwrite to market rent.

90% standard$2,727 / 1.11 ratio110% standard$3,333 / 1.35 ratio
1.23
2 BR
2 BR
1.11ratio
FMR$3,540
Market$3,200
vs market+$340

FMR is above market; underwrite to market rent.

90% standard$3,186 / 1.00 ratio110% standard$3,894 / 1.22 ratio
1.11
3 BR
3 BR
1.12ratio
FMR$4,680
Market$4,170
vs market+$510

FMR is above market; underwrite to market rent.

90% standard$4,212 / 1.01 ratio110% standard$5,148 / 1.23 ratio
1.12
4 BR
4 BR
1.06ratio
FMR$5,090
Market$4,800
vs market+$290

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

90% standard$4,581 / 0.95 ratio110% standard$5,599 / 1.17 ratio
1.06
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 95123 (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.

95123 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 95123 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $3,540 and the 4 bedroom fair market rent is $5,090.

Use this page for searches like 95123 FMR, 95123 fair market rent, and 95123 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 95123
Bedroom sizeHUD FMR
Studio$2,660
1 bedroom$3,030
2 bedroom$3,540
3 bedroom$4,680
4 bedroom$5,090