FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 95712
0.85ratio
FMR$1,440
Market$1,700
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 95712
0.90ratio
FMR$1,890
Market$2,110
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.90
3 BR
3 BR- 95712
1.07ratio
FMR$2,620
Market$2,460
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 95712
1.19ratio
FMR$3,160
Market$2,650
vs market+$510
FMR is above market; underwrite to market rent.
1.19
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
--
Chicago Park, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chicago Park, CA is $1,890 a month. That is up 4.4% from $1,810 in FY 2026. Chicago Park is in the Nevada County, CA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,885. The median county two-bedroom FMR in California is $1,725, so Chicago Park is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chicago Park, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,370
$1,320
−3.6%
$1,188–$1,452
1BR
$1,380
$1,440
+4.3%
$1,296–$1,584
2BR
$1,810
$1,890
+4.4%
$1,701–$2,079
3BR
$2,520
$2,620
+4.0%
$2,358–$2,882
4BR
$3,040
$3,160
+3.9%
$2,844–$3,476
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chicago Park, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,320
$1,440
$1,890
$2,620
$3,160
FY 2026
$1,370
$1,380
$1,810
$2,520
$3,040
FY 2025
$1,360
$1,360
$1,790
$2,510
$3,010
FY 2024area FMR
$1,209
$1,217
$1,596
$2,249
$2,708
FY 2023area FMR
$1,047
$1,054
$1,387
$1,971
$2,257
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Chicago Park, CA rents
How much will Section 8 pay for a two-bedroom in Chicago Park, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,885, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,697 to $2,074 a month; under the ZIP-level Small Area FMR of $1,890 it would be $1,701 to $2,079. 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 Chicago Park, CA in?
Chicago Park, CA is in the Nevada County, CA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,885.
How much did fair market rent change in Chicago Park, CA for FY 2027?
The two-bedroom FMR rose 4.4%, from $1,810 in FY 2026 to $1,890 in FY 2027. Since FY 2025 it has risen 5.6%.
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