ESPERANZA AT PALO ALTO
LIHTCLocation
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Building details
- Income-restricted units
- 322
- Total units
- 322
- Year placed in service
- 2016
- Construction type
- unknown
- Affordability period
- n/a
Bedroom mix
- 12 1-bedroom
- 150 2-bedroom
- 144 3-bedroom
- 16 4+ bedroom
Fair Market Rent for 78224
Zip-level (SAFMR)| Bedrooms | Local FMR |
|---|---|
| Studio | $950 |
| 1 bedroom | $1,040 |
| 2 bedroom | $1,260 |
| 3 bedroom | $1,620 |
| 4 bedroom | $1,880 |
Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: hud_safmr.
Estimated total housing cost for a 2-bedroom unit at FMR: $1,260 rent + $171 utilities = $1,431/mo.