Section 8 Fair Market Rent (FMR) for ZIP 95015 - 2027

Location: San Jose-Sunnyvale-Santa Clara, CA | Metro: San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$2,460
1 Bedroom	$2,780
2 Bedrooms	$3,270
3 Bedrooms	$4,390
4 Bedrooms	$4,690
5 Bedrooms	$5,440
6 Bedrooms	$6,093
7 Bedrooms	$6,580
8 Bedrooms	$6,909

The ZIP code 95015, located in California, offers a unique blend of urban amenities and suburban comfort, making it an attractive location for both residents and investors. The area benefits from a strong economic base, with diverse employment opportunities and access to key infrastructure.

The Fair Market Rent (FMR) for ZIP 95015 in fiscal year 2024 is set at $3130, providing a benchmark for rental pricing in the area.
The exact market rent figure is currently unavailable, but it's expected to be close to the FMR due to the limited availability of recent data.
The median home value in the area is also not available, indicating a lack of comprehensive data on homeownership trends.
The percentage of the population that rents their homes is unknown, which suggests there may be a significant opportunity for rental investments given the area's appeal.
The average days on market (DOM) for rental listings is not available, potentially implying quick turnover or a highly competitive rental market.
The median household income for the ZIP code is not available, though this could indicate a wide range of economic diversity among residents.

For investors considering the ZIP 95015 market, the high Fair Market Rent of $3130 suggests strong demand for rental properties. The scarcity of other data points, such as market rent, median home values, and the percentage of renters, indicates a need for further local research to fully understand the investment landscape. Despite these gaps, the potential for quick property turnovers and the attractiveness of the area to diverse populations make it a promising market for those willing to delve deeper into local real estate dynamics.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.