Logo Santa Cruz-Watsonville Fair Market Rent FY 2023 Santa Cruz-Watsonville, CA MSA Rental Data

Fair Market Rent Prices in Santa Cruz-Watsonville, CA :
$2,212 $2,502 $3,293 $4,077 $4,568
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Santa Cruz-Watsonville are very high compared to the national average. This FMR area is more expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Santa Cruz-Watsonville is $3,293 per month.

The previous year, rent for a two-bedroom home was $3,138 per month. This is a 4.94% increase year-over-year.

This FMR rate applies to Mount Hermon, CA, Brookdale, CA, Davenport, CA, Watsonville, CA, Ben Lomond, CA, Felton, CA, Freedom, CA, Boulder Creek, CA, Capitola, CA, Soquel, CA and other cities within the region. The Metro Code or CBSA code for this region is METRO42100M42100.

Additionally, This Fair Market Rent (FMR) area Santa Cruz-Watsonville, CA MSA spans one county or city in California which is listed in the table below. Estimated population of Santa Cruz-Watsonville, CA MSA FMR area is 273,170 people based on latest Census data.

Compared to the rest of California, the Santa Cruz-Watsonville FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Santa Cruz-Watsonville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Santa Cruz-Watsonville

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 2301
1-BR 1-Bedroom $ 2602
2-BR 2-Bedroom $ 3425
3-BR 3-Bedroom $ 4240
4-BR 4-Bedroom $ 4751
Change Year:

There is just one county (listed below) within the Santa Cruz-Watsonville, CA MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Monterey - Salinas.

County / Region Est. Population
Santa Cruz-Watsonville, CA Metro 273,170
Zip Codes in Santa Cruz-Watsonville, CA MSA

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

95001, 95003, 95005, 95006, 95007, 95010, 95017, 95018, 95019, 95041, 95060, 95061, 95062, 95063, 95064, 95065, 95066, 95067, 95073 and 95077

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