FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 96140
0.89ratio
FMR$1,870
Market$2,110
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 96140
0.76ratio
FMR$2,360
Market$3,110
vs market-$750
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 96140
0.83ratio
FMR$3,170
Market$3,800
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR- 96140
0.89ratio
FMR$3,730
Market$4,180
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.89
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Carnelian Bay, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Carnelian Bay, CA is $2,360 a month. That is down 6.3% from $2,520 in FY 2026. Carnelian Bay is in the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in California is $1,725, so Carnelian Bay is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Carnelian Bay, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,950
$1,770
−9.2%
$1,593–$1,947
1BR
$2,050
$1,870
−8.8%
$1,683–$2,057
2BR
$2,520
$2,360
−6.3%
$2,124–$2,596
3BR
$3,350
$3,170
−5.4%
$2,853–$3,487
4BR
$3,870
$3,730
−3.6%
$3,357–$4,103
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Carnelian Bay, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,770
$1,870
$2,360
$3,170
$3,730
FY 2026
$1,950
$2,050
$2,520
$3,350
$3,870
FY 2025
$1,750
$1,850
$2,300
$3,120
$3,600
FY 2024
$1,660
$1,790
$2,230
$3,100
$3,570
FY 2023
$1,370
$1,500
$1,880
$2,670
$3,110
Questions about Carnelian Bay, CA rents
How much will Section 8 pay for a two-bedroom in Carnelian Bay, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,360, that basic range is $2,124 to $2,596 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Carnelian Bay, CA in?
Carnelian Bay, CA is in the Sacramento--Roseville--Arden-Arcade, CA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Carnelian Bay, CA for FY 2027?
The two-bedroom FMR fell 6.3%, from $2,520 in FY 2026 to $2,360 in FY 2027. Since FY 2023 it has risen 25.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set