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Amador County/Ione/95640

95640

ZIPSAFMR
Amador County, CA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,450
1 BR$1,460$1,460
2 BR$1,860$1,860
3 BR$2,340$2,340
4 BR$2,710$2,710
5 BR$3,116Not available
6 BR$3,584Not available
7 BR$4,122Not available
8 BR$4,740Not available

Purchase Price Calculator

Maximum purchase price
$214,479

Cost breakdown

+Likely effective rent$1,860
HUD FMRUsed$1,860
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,085
Loan amount$171,583
Down payment$42,896
Rate6.50%
Term30 years
-Operating costs-$575
Property taxes-$214
Insurance-$175
Utilities$0
HOA$0
Management-$186
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,839(69.6% ROI)
Projected value
$230,970
Return breakdown
Property appreciation+$16,491
Loan principal paid down+$6,147
Rental cash flow+$7,200
5-year hold
+$51,147(119.2% ROI)
Projected value
$242,663
Return breakdown
Property appreciation+$28,184
Loan principal paid down+$10,962
Rental cash flow+$12,000
10-year hold
+$110,194(256.9% ROI)
Projected value
$274,551
Return breakdown
Property appreciation+$60,072
Loan principal paid down+$26,122
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 95640 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 95640 (Ione, CA) is $1,860 a month. That is up 5.7% from $1,760 in FY 2026. Ione is in the Amador County, CA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,765. Among 12 ZIP codes in Amador County, 95640 has the 2nd-highest two-bedroom rent (county range $1,530–$1,900). The median county two-bedroom FMR in California is $1,725, so ZIP 95640 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 95640
BedroomsFY 2027Change90–110% range
Studio$1,450+0.7%$1,305–$1,595
1BR$1,460+0.7%$1,314–$1,606
2BR$1,860+5.7%$1,674–$2,046
3BR$2,340+1.7%$2,106–$2,574
4BR$2,710−3.6%$2,439–$2,981

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 95640
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,460$1,860$2,340$2,710
FY 2026$1,440$1,450$1,760$2,300$2,810
FY 2025$1,260$1,270$1,500$2,090$2,520
FY 2024area FMR$1,128$1,135$1,347$1,898$2,286
FY 2023area FMR$992$998$1,199$1,704$2,042

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Amador County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 95640
95601$1,780−4.3%
95629$1,800−3.2%
95640Current$1,860—
95642$1,900+2.2%
95654$1,770−4.8%
95665$1,530−17.7%
95666$1,690−9.1%
95669$1,530−17.7%
95675$1,810−2.7%
95685$1,750−5.9%
95689$1,710−8.1%
95699$1,680−9.7%

Questions about ZIP 95640 rents

How much will Section 8 pay for a two-bedroom in ZIP 95640?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,765, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,589 to $1,942 a month; under the ZIP-level Small Area FMR of $1,860 it would be $1,674 to $2,046. 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 95640 in?

ZIP 95640 is in the Amador County, CA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,765.

How much did fair market rent change in ZIP 95640 for FY 2027?

The two-bedroom FMR rose 5.7%, from $1,760 in FY 2026 to $1,860 in FY 2027. Since FY 2025 it has risen 24.0%.

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