Skip to main content
Loading page
Santa Clara County/San Jose/95148

95148

ZIPSAFMR
Santa Clara County, CA
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$2,760$2,060
1 BR$3,130$2,210
2 BR$3,670$3,320
3 BR$4,930$4,200
4 BR$5,260$4,710
5 BR$6,049Not available
6 BR$6,956Not available
7 BR$8,000Not available
8 BR$9,200Not available

Purchase Price Calculator

Maximum purchase price
$431,434

Cost breakdown

+Likely effective rent$3,320
HUD FMR$3,670
Market rentUsed$3,320
Est. payment standard (94%)$3,440
-Principal and interest-$2,182
Loan amount$345,147
Down payment$86,287
Rate6.50%
Term30 years
-Operating costs-$938
Property taxes-$431
Insurance-$175
Utilities$0
HOA$0
Management-$332
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,739(61.1% ROI)
Projected value
$464,607
Return breakdown
Property appreciation+$33,173
Loan principal paid down+$12,366
Rental cash flow+$7,200
5-year hold
+$90,746(105.2% ROI)
Projected value
$488,128
Return breakdown
Property appreciation+$56,694
Loan principal paid down+$22,052
Rental cash flow+$12,000
10-year hold
+$197,383(228.8% ROI)
Projected value
$552,272
Return breakdown
Property appreciation+$120,838
Loan principal paid down+$52,545
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.34
1 BR
1.42
2 BR
1.11
3 BR
1.17
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95148 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95148 (San Jose, CA) is $3,670 a month. That is down 9.4% from $4,050 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, 95148 is tied for the 17th-highest two-bedroom rent (county range $2,290–$4,480). The median county two-bedroom FMR in California is $1,725, so ZIP 95148 is 113% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95148
BedroomsFY 2027Change90–110% range
Studio$2,760−9.5%$2,484–$3,036
1BR$3,130−9.8%$2,817–$3,443
2BR$3,670−9.4%$3,303–$4,037
3BR$4,930−7.9%$4,437–$5,423
4BR$5,260−9.8%$4,734–$5,786

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95148
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,760$3,130$3,670$4,930$5,260
FY 2026$3,050$3,470$4,050$5,350$5,830
FY 2025$3,140$3,580$4,150$5,390$5,870
FY 2024$2,940$3,320$3,860$4,940$5,450
FY 2023$2,740$3,100$3,630$4,630$5,190

Two-bedroom rent in nearby Santa Clara County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95148
95139$3,870+5.4%
95140$3,180−13.4%
95141$3,270−10.9%
95148Current$3,670—
95150$3,270−10.9%
95151$3,270−10.9%
95152$3,270−10.9%
95153$3,270−10.9%
95154$3,270−10.9%
95155$3,270−10.9%
95156$3,270−10.9%
95157$3,270−10.9%

Questions about ZIP 95148 rents

How much will Section 8 pay for a two-bedroom in ZIP 95148?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,670, that basic range is $3,303 to $4,037 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 95148 in?

ZIP 95148 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 95148 for FY 2027?

The two-bedroom FMR fell 9.4%, from $4,050 in FY 2026 to $3,670 in FY 2027. Since FY 2023 it has risen 1.1%.

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