FY2027 Small Area FMR · Aptos, CA
ZIP 95003 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 95003 (Aptos, CA) is $4,920 a month, up 2.3% from FY2026. That is 16% above the Santa Cruz-Watsonville, CA area-wide FMR of $4,254.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 95003 sits in the Santa Cruz-Watsonville, CA area
Of the 23 ZIP codes HUD lists for the area, 95003 has the 4th highest two-bedroom Small Area FMR. Santa Cruz-Watsonville, CA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $4,254 for two bedrooms; an agency that opts in to Small Area FMRs would use $4,920 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $3,740 | $3,366 – $4,114 | $3,230 | $3,630 |
| 1 bedroom | $3,920 | $3,528 – $4,312 | $3,390 | $3,760 |
| 2 bedrooms | $4,920 | $4,428 – $5,412 | $4,254 | $4,810 |
| 3 bedrooms | $6,400 | $5,760 – $7,040 | $5,531 | $6,140 |
| 4 bedrooms | $6,650 | $5,985 – $7,315 | $5,748 | $6,460 |
A household renting a two-bedroom home at the Small Area FMR of $4,920 needs about $196,800 a year to keep housing costs at 30% of income. The area median family income is $137,200 and the 80% low-income limit for four people is $174,550. ZIP code 95003 lies mainly in Santa Cruz County. See the Santa Cruz-Watsonville, CA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 95003?
HUD's FY2027 Small Area Fair Market Rents for 95003 are $3,740 (studio), $3,920 (1 BR), $4,920 (2 BR), $6,400 (3 BR) and $6,650 (4 BR) a month.
What is the Section 8 payment standard in 95003?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 95003 that range is $4,428 to $5,412 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 95003?
The FY2026 income limits of the Santa Cruz-Watsonville, CA area apply: median family income $137,200, low-income (80%) limit $174,550 for a family of four.