Skip to main content
Loading page
Sacramento County/Elk Grove/95624

95624

ZIPSAFMR
Sacramento County, CA
Zillow

ZIP Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,920$1,740
1 BR$1,980$1,740
2 BR$2,430$2,240
3 BR$3,190$2,580
4 BR$3,680$2,820
5 BR$4,232Not available
6 BR$4,867Not available
7 BR$5,597Not available
8 BR$6,436Not available

Purchase Price Calculator

Maximum purchase price
$270,947

Cost breakdown

+Likely effective rent$2,240
HUD FMR$2,430
Market rentUsed$2,240
Est. payment standard (95%)$2,310
-Principal and interest-$1,370
Loan amount$216,757
Down payment$54,189
Rate6.50%
Term30 years
-Operating costs-$670
Property taxes-$271
Insurance-$175
Utilities$0
HOA$0
Management-$224
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,799(66.1% ROI)
Projected value
$291,780
Return breakdown
Property appreciation+$20,833
Loan principal paid down+$7,766
Rental cash flow+$7,200
5-year hold
+$61,453(113.4% ROI)
Projected value
$306,551
Return breakdown
Property appreciation+$35,605
Loan principal paid down+$13,849
Rental cash flow+$12,000
10-year hold
+$132,887(245.2% ROI)
Projected value
$346,835
Return breakdown
Property appreciation+$75,888
Loan principal paid down+$32,999
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.10
1 BR
1.14
2 BR
1.08
3 BR
1.24
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 95624 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95624 (Elk Grove, CA) is $2,430 a month. That is down 3.2% from $2,510 in FY 2026. Elk Grove is in the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 69 ZIP codes in Sacramento County, 95624 has the 18th-highest two-bedroom rent (county range $1,360–$3,130). The median county two-bedroom FMR in California is $1,725, so ZIP 95624 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95624
BedroomsFY 2027Change90–110% range
Studio$1,920−1.5%$1,728–$2,112
1BR$1,980−2.9%$1,782–$2,178
2BR$2,430−3.2%$2,187–$2,673
3BR$3,190−4.5%$2,871–$3,509
4BR$3,680−4.4%$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95624
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,920$1,980$2,430$3,190$3,680
FY 2026$1,950$2,040$2,510$3,340$3,850
FY 2025$1,900$2,010$2,490$3,380$3,900
FY 2024$1,780$1,920$2,390$3,330$3,830
FY 2023$1,510$1,650$2,070$2,940$3,430

Two-bedroom rent in nearby Sacramento County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95624
95609$2,170−10.7%
95610$2,340−3.7%
95611$2,170−10.7%
95615$1,360−44.0%
95621$2,210−9.1%
95624Current$2,430—
95626$2,030−16.5%
95628$2,420−0.4%
95630$2,920+20.2%
95632$1,930−20.6%
95638$2,260−7.0%
95639$2,630+8.2%

Questions about ZIP 95624 rents

How much will Section 8 pay for a two-bedroom in ZIP 95624?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,430, that basic range is $2,187 to $2,673 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 95624 in?

ZIP 95624 is in the Sacramento--Roseville--Arden-Arcade, 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 95624 for FY 2027?

The two-bedroom FMR fell 3.2%, from $2,510 in FY 2026 to $2,430 in FY 2027. Since FY 2023 it has risen 17.4%.

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 rentElk Grove, CA fair market rentCA statewide rentsWhat is SAFMR?Data sources