Location: San Jose-Sunnyvale-Santa Clara, CA | Metro: San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area
| 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 Section 8 market analysis for ZIP code 95026 in San Jose-Sunnyvale-Santa Clara County reveals that the HUD Fair Market Rent (FMR) for fiscal year 2024 stands at $3130. This figure is critical for landlords and small-portfolio investors considering the rental income they can expect from voucher tenants. However, without specific market rent data for comparison, it's challenging to definitively state whether voucher tenants will cashflow at the FMR, marginally, or only with premium units. The median home value in this area is also not available, which means deriving an exact rent-to-price ratio is impossible. Nonetheless, the high cost of living in the San Jose area typically suggests that rental properties are in high demand, and voucher tenants often provide a stable source of income.
In terms of the broader real estate market, the lack of data on the median days on market (DOM) and the percentage of price cuts indicates a need for further research into how quickly properties are selling and at what prices. This information would be crucial for understanding the rent-versus-buy dynamics in the area. Despite these limitations, the strong demand for housing in San Jose-Sunnyvale-Santa Clara County points towards a robust investment environment.
The strongest angle for investors in ZIP 95026 is likely stability. Given the consistent demand for housing and the presence of a reliable government-backed rental program, investors can expect steady and predictable cash flows from their properties, even if the exact figures for market rents and home values are currently unavailable.
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.